About

A Rich History

35 Years of Evolution

Founded in 1986 by Nigerian-born Kase Lawal as an agricultural commodities trading company, CAMAC has evolved over the years into a diversified family office with interests in areas such as Financial Services, Tech & Venture Capital, Energy, Logistics and Real Estate.

Headquartered in Houston, Texas, CAMAC and its affiliated companies maintain a presence in Johannesburg, Cape Town, London, Lagos and Abuja.

Timeline

2020

CAMAC began investing in technology startups, both directly and through venture funds, with the goal of leveraging its experiences across the USA and Africa.

2018

CAMAC began repositioning Unity National Bank to re-establish the brand as a premier community-development finance institution for historically underserved businesses and individuals nationwide.

2016

Dr. Kase Lawal retired as the Chairman & CEO of Erin Energy.

2015

CAMAC Energy rebranded as Erin Energy traded on the NYSE under the ticker symbol ERIN.

2014

CAMAC Energy successfully completed $300m Private Placement and $100m Subordinated Debt to finance Oyo field redevelopment.

2010

CAMAC launched CAMAC Gas & Power to serve energy needs in Africa. PV Solar Projects in South Africa was launched

Go Back Further

2010

CAMAC acquired majority ownership in NYSE Amex Company, Pacific Asia Petroleum. Renamed Camac Energy Inc., trading under symbol CAK.

2009

Floating production, storage and offloading (FPSO) vessel Armada Perdana commissioned for oil and gas production on the Oyo Field. CAMAC and ENI produced the first oil from Oyo.

2009

CAMAC International Corporation pledged $1 million Endowment to Texas Southern University to fund scholarships and the development of the Lawal Center for Global Trade at the Business College

2009

Floating production, storage and offloading (FPSO) vessel Armada Perdana commissioned for oil and gas production on the Oyo Field. CAMAC and ENI produced the first oil from Oyo.

2008

Allied Energy and partner, Nigerian Agip Exploration, approved the final investment decision to develop Oyo Field in OML 120.

2007

The Houston Chronicle named CAMAC as No. 8 on the list of the Top 10 privately-owned companies in Houston.

2006

Forbes named CAMAC to the list of the 400 largest privately-owned corporations in the United States.

2005

CAMAC agreed to share production from OML 120 and 121 with Nigerian Agip Exploration, a subsidiary of Italy’s ENI SpA, and collab.

2002

Black Enterprise magazine designates CAMAC as the largest African-American owned corporation in the United States.

1998

CAMAC drills first well at Oyo with partner Statoil (State Oil Company of Norway).

1995

Allied Energy, BP and Statoil discover first oil in deepwater West Africa.

1994

CAMAC sells International Tool & Supply Company for a significant holding in New London PLC, a London Stock Exchange company.

1992

CAMAC International Corporation established the Jubril Aminu Foundation Scholarship for the study of Petroleum Engineering at the Cullen College of Engineering, University of Houston.

1992

Allied Energy becomes first indigenous oil company to hold a Nigerian deepwater oil prospecting license (OPL 210)

1991

CAMAC subsidiary Allied Energy and oil giant partner Conoco begin prospecting offshore Nigeria.

1989

CAMAC arranges a $20 million loan for Uganda to buy agricultural equipment.

1986

Kase Lawal founds CAMAC in Houston, Texas, as an agricultural commodities trading company between the US and West Africa.