Osei Kwame Despite
Born2 February 1962
OccupationBusinessman
Known forCEO of Despite Group of Companies

Osei Kwame Despite (born 2 February 1962) is a Ghanaian entrepreneur and a philanthropist with a foundation in music creation and knowledge of the broadcasting sector.[1] Osei-Kwame is the CEO of the Despite Firm Ltd, a trade company with subsidiaries in the media industry, including UTV, PEACE FM, OKAY FM, NEAT FM and HELLO FM in Kumasi.[2][3][4][5] He was named Africa Entrepreneur of the Year at the African Achievers Awards in the United Kingdom in 2021.[6][5] He was also honored with GH CAPTAIN's Award in 2019 for his contributions to the socio-economic development of the country.[7]

Early life

In the Ghanaian town of Agona Wiamoase, he was born, in the Ashanti region. He began his career as a merchant in Dunkwa-Offinso, Ghana's Central Region, selling music cassettes, feeding bottles, padlocks, and other items. After years of struggling to make ends meet in the countryside, he and his colleagues relocated to Lagos, Nigeria.[8]

In 1983, he returned to Ghana with other Ghanaians who had fled Nigeria due to the country's political unrest. Back to his country, he only had a trident cassette player and a chain-saw machine. He started a timber contracting business with the chain-saw machine, but it was smashed by a falling tree on his first business trip. [9] He eventually moved on to selling cassette tapes before diversifying his business.[10]

Career

To show his support for the local music industry and to prioritize Ghanaian culture, he moved into radio and founded the PeaceFM at Achimota Mile 7 Junction in 1999.[2] The station's experiments with the Akan language paid off, as radio listeners looking for local programming abandoned stations broadcasting primarily in the Queen's language on the 104.3 frequency. The radio industry flourished, culminating in the establishment of Hello FM in Kumasi and OkayFM in Accra, as well as peacefmonline.com.[11]

List of Companies[12]

Now, the Despite Group of Companies (DGC) has the following companies;

  • U2 Company Limited (Iodated Salt Production)[13]
  • Okay FM
  • Peace FM
  • Neat FM
  • Hello FM
  • Despite Stores
  • Best Point Savings and Loans (Finance)
  • Farming and Building Construction businesses
  • Neat Foods Company Limited (which produces and markets NEAT Fufu, NEAT Banku, NEAT Abenkwan, NEAT Hausa Koko, NEAT Dairy Products)[14]
  • United Television Company Limited
  • Atona Foods LTD ( which produces THIS WAY chocolate drink which comes in different flavors, and the THIS WAY Motherlac children's cereal )[15]

Personal life

Despite has a wife and nine children. Kennedy Osei Asante, his first son, is the General Manager of Despite Media.[16] In 2019, he married Tracy in an expensive ceremony that drew the attention of many people both inside and outside the country.[17][18][19] He is noted for collecting luxurious vehicles and has a great love for exotic cars.[20] He purchased a 3'000'000$ Bugatti Chiron in February 2022 to mark his 60th birthday, making him one of just 5 individuals in Africa who own a Bugatti. [21]

References

  1. ↑ "Social media celebrates Kwame Despite as he turns 60 - MyJoyOnline.com". Myjoyonline. 2022-02-02. Retrieved 2022-02-04.
  2. 1 2 "Osei Kwame Despite, Biography". GhanaWeb. Retrieved 2022-02-04.
  3. ↑ Online, Peace FM. "EXCLUSIVE VIDEO: Dr. Osei Kwame Despite Celebrates His 60th Birthday In Grand Style". Peacefmonline - Ghana news. Retrieved 2022-02-04.
  4. ↑ Larnyoh, Magdalene Teiko (2021-04-24). "One of Ghana's millionaires, Osei Kwame Despite, prays for the country to have more rich men". Business Insider Africa. Retrieved 2022-02-04.
  5. 1 2 "Dr. Osei Kwame Despite Crowned African Entrepreneur Of The Year At The African Achievers Awards Ceremony In The UK - Ghanajoint.com". 2021-12-11. Retrieved 2022-02-04.
  6. ↑ Essel-Lamptey, Vida (2021-12-11). "Osei Kwame Despite is African Entrepreneur of the Year". GhanaPlus. Retrieved 2022-02-04.
  7. ↑ "Osei Kwame 'Despite', Ernest Ofori Sarpong, others to be honoured at GH CAPTAIN'S Award". The Ghana Guardian News. Retrieved 2022-02-04.
  8. ↑ "From a Cassette Seller to a Media Mogul: The Success Story of Kwame Despite". Ghana Talks Business. 2020-10-30. Retrieved 2022-02-04.
  9. ↑ "Osei Kwame Despite, Biography".
  10. ↑ Annang, Evans (2020-09-23). "This is how Osei Kwame Despite makes and spends his money". Pulse Ghana. Retrieved 2022-02-04.
  11. ↑ "The list of businesses owned by Osei Kwame Despite". Myinfo Ghana. 2021-05-18. Retrieved 2022-02-05.
  12. ↑ "Dr. Osei Kwame Despite Crowned African Entrepreneur Of The Year At The African Achievers Awards Ceremony In The UK - Ghanajoint.com". 2021-12-11. Retrieved 2022-02-05.
  13. ↑ "U2 Company Limited". Ghana Mom-rsf. Retrieved 2022-02-05.
  14. ↑ "Neat Foods Company Limited". GEPA Buyer Portal. Retrieved 2022-02-05.
  15. ↑ "Atona foods company limited,Tesano | Accra - Ghana". toptradefairs. Retrieved 2022-02-05.
  16. ↑ "You're the king and love of my life - Tracy honours Kennedy Osei and Damon Osei the founder of Youth In Business". GhanaWeb. 2021-10-10. Retrieved 2022-02-05.
  17. ↑ "Here Are All The 9 Children of Osei Kwame Despite - Georgeweb". 2021-05-18. Retrieved 2022-02-05.
  18. ↑ "Personality Profile of Kennedy Osei Asante | Accra Mail". 2021-01-03. Retrieved 2022-02-05.
  19. ↑ "Kennedy Osei: School, houses, cars, businesses, family etc-Here's everything you need to know". GhPage. 2020-02-18. Retrieved 2022-02-05.
  20. ↑ "Osei Kwame Despite, Biography".
  21. ↑ "Ghana: Bugatti Chiron breaks down; crowd tries in vain to push-start it". 29 December 2022.
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