SAVCA 2017 Case Study Compendium

Analysis & Strategy

Egypt’s investment laws

Egypt’s investment laws

Author: Dr. Abou Shoka, a Cairo-based lawyer and founder of Abou Shoka Law | Date: 2017-06-22

How can the country return to form in smoothing the path for foreign investors seeking opportunities in Egypt, and also competing on a global scale? And what do the new Investment laws entail in practical terms?

Read more

Window of Opportunity

Window of Opportunity

Author: Harry Wulfsohn, Executive Director, Imara Holdings | Date: 2017-06-02

The current market environment in Africa is creating strong investment opportunities, write Harry Wulfsohn, Executive Director Imara Holdings Ltd (pictured) and Stuart Theobald, CFA, Imara Guest Analyst

Read more

Securing land rights in Mozambique

Securing land rights in Mozambique

Author: Zaida Kathrada, Director, Norton Rose Fulbright | Date: 2017-04-27

Post Mozambique’s independence from Portugal and its emergence from civil war, the government focussed on creating legal frameworks governing land while encouraging investment

Read more

SPOTLIGHT: PE exits in Africa

SPOTLIGHT: PE exits in Africa

Author: Anna Lyudvig | Date: 2017-04-07

What are some of the stumbling blocks and complexities faced by private equity managers working towards an exit in Africa?

Read more

All hands on deck

All hands on deck

Author: Peter van As, Senior Partner - Portfolio Director, Phatisa | Date: 2017-03-22

Peter van As of Phatisa discusses the changing face of PE portfolio management

Read more

DFIs in Africa

DFIs in Africa

Author: Anna Lyudvig | Date: 2017-03-09

DFIs involvement in African private equity will mean a continued focus on the continent in 2017 and beyond

Read more

The Importance of Value Creation

The Importance of Value Creation

Author: Albert Alsina, CEO and Managing Partner, Mediterrania Capital Partners | Date: 2017-03-08

Albert Alsina on the firm's value creation model and how their portfolio companies are growing far beyond the markets where they are playing

Read more

Largest PE realisation for toll road infrastructure

Largest PE realisation for toll road infrastructure

Author: Anna Lyudvig | Date: 2017-02-24

Last year the fund manager sold investments in three privately-concessioned toll roads in Southern Africa. Find more about the infrastructure exits track record and learn how to achieve a successful exit in the infrastructure PE space.

Read more

FX challenges in 2016

FX challenges in 2016

Author: Oliver Hoffmann, Fund Manager, Pangaea Africa FoF, 27Four IM | Date: 2017-02-01

Managing the resulting FX shortages that developed in Nigeria and Egypt during 2016 has probably been the single biggest issue facing fund managers in Africa the past year

Read more

PE and VC Dealmakers Review of 2016

PE and VC Dealmakers Review of 2016

Author: Sally Hutton, Partner, Webber Wentzel | Date: 2017-01-29

High level of private equity activity is set to continue, writes Sally Hutton, Partner in the Corporate Practice and Managing Partner, Webber Wentzel

Read more

Active Share in Africa

Active Share in Africa

Author: Guy Antoine, Senior Investment Analyst, Sustainable Capital | Date: 2017-01-19

According to Guy Antoine of Sustainable Capital, there is a positive correlation between high Active Share and investment performance

Read more

Collateral management

Collateral management

Author: Kelly Robinson, Manager, Strate's Collateral Management Services | Date: 2017-01-11

The global financial market has become wary of counterparty risk and if Africa would like to be a participant, we need to play by the new rules, writes Kelly Robinson of Strate

Read more

Is Smart Beta Possible in Africa?

 Is Smart Beta Possible in Africa?

Author: Zack Bezuidenhoudt, Head of South Africa & SSA, S&P Dow Jones Indices | Date: 2016-12-15

Smart beta strategies are mainly designed to provide access to a wide array of return-enhancing risk premia, says Zack Bezuidenhoudt of S&P Dow Jones Indices

Read more

King IV extends application to retirement funds

King IV extends application to retirement funds

Author: David Geral, Partner, Banking & Financial Services Regulatory, Bowmans | Date: 2016-12-01

For the first time retirement fund governance in South Africa is directly addressed by the King Committee, writes David Geral of Bowmans

Read more

Africa’s evolving custodian landscape

Africa’s evolving custodian landscape

Author: Rajesh Ramsundhar, Head of Investor Services, SA, Standard Bank | Date: 2016-11-28

The growth of both the continent’s local investor base along with increased foreign investor activity over the last decade has shifted the custodians focus from the basics of custody to the value adds.

Read more

AGF Service Providers Awards 2016

AGF Service Providers Awards 2016

Author: Anna Lyudvig | Date: 2016-11-28

Our finalists and winners included such respected names as Standard Bank, SS&C Advent, BNY Mellon, RisCura, S&P Dow Jones Indices, Bowmans, Maitland, FBN Quest, FactSet, Prescient Fund Services, Cim Global Business, Trident Fund Services, Morningstar, Exotix Partners, UBS, Eagle Investment Systems, STR Global, Global Credit Ratings, Magna Carta and more. Find out who scooped the trophies.

Read more

SAM framework

SAM framework

Author: Langelihle Mnyandu and Francisco Khoza, Bowmans | Date: 2016-11-27

Langelihle Mnyandu and Francisco Khoza of Bowmans analyze the impact of the Solvency Assessment and Management (SAM) framework on private investment funds

Read more

The case for Africa fixed income

The case for Africa fixed income

Author: Malick Badjie, Director & Head of Investment Solutions, Silk Invest | Date: 2016-11-10

Africa has established itself as an increasingly pervasive investment story and fits the bill for investors seeking new opportunities, writes Malick Badjie of Silk Invest

Read more

Operational Efficiency

Operational Efficiency

Author: David Ross, Global Head of Marketing, Viteos | Date: 2016-10-20

Customized outsourced shadow-accounting improves scalability, transparency, and differentiation in the modern hedge fund, writes David Ross of Viteos

Read more

Sharia Finance

Sharia Finance

Author: Said DeSaque, CEO and Principal, DeSaque Macro Research | Date: 2016-09-21

Access to Islamic financial products in Africa has significantly lagged behind other regions, such as the Middle East and South East Asia, writes Said DeSaque of Desaque Macro Research

Read more

Africa looking for good news

Africa looking for good news

Author: Johan Steyn, Portfolio Manager & Analyst - Africa, Prescient | Date: 2016-09-05

There are a number of reasons to be optimistic about the longer term investment potential of Africa, says Johan Steyn of Prescient

Read more

South African Hedge Funds

South African Hedge Funds

Author: Jaclyn Petrone, Laurium Capital | Date: 2016-09-04

In Search for Yield? The South African hedge fund industry offers plenty, writes Jaclyn Petrone of Laurium Capital

Read more

The case for offshore

The case for offshore

Author: Patrick Colegrave, Partner, Harneys | Date: 2016-09-01

Advantages of structuring through established and reputable offshore jurisdictions such as the Cayman Islands

Read more

Accelerating investment in Power sector in SSA

Accelerating investment in Power sector in SSA

Author: Sean T. Long, Sr., Founder & CEO, Endeavor Energy Holdings | Date: 2016-08-11

Power generation and other power related infrastructure is the foundation to unlock any countries full economic potential, says Sean T. Long of Endeavor Energy Holdings

Read more

South African Venture Capital Industry

South African Venture Capital Industry

Author: SAVCA | Date: 2016-06-22

The South African venture capital (VC) industry now represents almost R2bn in assets under management, with healthy confidence levels that are commensurate with reported rising deal activity, a pleasing exits record and a significant increase in VC fund managers and industry professionals

Read more

Structuring Sub-Saharan Investment Funds

Structuring Sub-Saharan Investment Funds

Author: Laura Charkin, Adrian Brown, Charlotte Haywood / King & Wood Mallesons | Date: 2016-05-08

In structuring funds or investment holding vehicles for investments into sub-Saharan Africa, there are some key factors to take into account when deciding what jurisdiction to use as a base

Read more

AGF TOP 30: SERVICE PROVIDERS

AGF TOP 30: SERVICE PROVIDERS

Author: Africa Global Funds | Date: 2016-04-30

The AGF Top 30 Service Providers is our annual guide to the best-in-class fund services organizations, covering Africa

Read more

AGF TOP 40: ASSET MANAGERS

AGF TOP 40: ASSET MANAGERS

Author: Africa Global Funds | Date: 2016-04-09

The AGF Asset Managers Top 40 is our annual guide to the most respected and influential figures in the African asset management industry

Read more

Agricultural Investment Funds

Agricultural Investment Funds

Author: Anna Lyudvig | Date: 2016-04-03

Anna Lyudvig finds that there is a growing interest in the agri sector with funds finding opportunities across the agricultural value chain

Read more

Goldenlay case study

Goldenlay case study

Author: Stuart Bradley, Joint Managing Partner, Phatisa Group | Date: 2016-03-19

Phatisa's investment in Goldenlay and the role of development equity. As a result of AAF’s investment into Goldenlay, the operations have expanded rapidly to increase production and introduce sustainable business practices comparable to operations found in developed countries

Read more

Lagos on sale

Lagos on sale

Author: Anne-Louise Stranne Petersen | Date: 2016-03-10

Industrial space, land and insurers are three things to ponder for anyone with an appetite for a piece of prime Lagos, finds Anne-Louise Stranne Petersen

Read more

Hedging African Currencies

Hedging African Currencies

Author: Seeiso Matlanyane, Research Analyst, Prescient Investment Management | Date: 2016-03-05

Seeiso Matlanyane, Research Analyst, Prescient Investment Management, explains the idea behind hedging currency exposure, focusing on Kenyan shilling and Nigerian naira

Read more

Leading the way in mezzanine investing

Leading the way in mezzanine investing

Author: Anna Lyudvig | Date: 2016-02-21

Africa’s leading mezzanine debt provider, Vantage Capital, is in the final stages of closing its third mezzanine fund. AGF catches up with Colin Rezek, co-Managing Partner at Vantage, to discuss their success story

Read more

Africa credit opportunities

Africa credit opportunities

Author: Steven Loubser, Portfolio Manager, Investec Asset Management | Date: 2016-02-14

Steven Loubser, Portfolio Manager at Investec Asset Management, analyses opportunities in the African credit space

Read more

PE: 2015 year in review

PE: 2015 year in review

Author: Christopher Elvin, Head of Private Equity Products, Preqin | Date: 2016-01-28

Africa-focused fundraising had a strong year in 2015, returning to pre-Global Financial Crisis levels of capital raised and the number of funds closed growing from 2014, says Christopher Elvin of Preqin

Read more

Socially Responsible Investment

Socially Responsible Investment

Author: James Brice, CEO and founder, EBS Advisory | Date: 2015-12-16

Doing good and making profits must be aligned for both to be sustainable, writes James Brice, CEO and founder of EBS Advisory

Read more

Investing in Africa: A fixed income perspective

Investing in Africa: A fixed income perspective

Author: Abhimanyu Yadav, Head of FI & Currencies, MCB Capital Markets | Date: 2015-11-22

While capital markets in Africa and local currency bond markets in particular are admittedly still small, there have been huge strides made in the recent past, says Abhimanyu Yadav of MCB Capital Markets

Read more

AGF TOP 40: PRIVATE EQUITY 2015

AGF TOP 40: PRIVATE EQUITY 2015

Author: Anna Lyudvig | Date: 2015-11-18

The AGF Private Equity Top 40 is our annual guide to the most influential, innovative and powerful figures in the private equity industry

Read more

Investing in Africa's basic needs

Investing in Africa's basic needs

Author: Valentine Chitalu, Chairman, Phatisa Group | Date: 2015-11-18

Food security and housing are now important areas for investment in Africa, says Valentine Chitalu, Chairman of Phatisa Group

Read more

SSA: Short-term exchange rate outlook

SSA: Short-term exchange rate outlook

Author: Irmgard Erasmus, analyst, NKC African Economics | Date: 2015-11-09

Currency risk in SSA increased notably over the past year, and will remain elevated over the next 18 months, warns NKC African Economics

Read more

SA Passive Investment Products

SA Passive Investment Products

Author: Mike Brown, Managing Director, etfSA.co.za | Date: 2015-10-21

Investment in South African passive investment products grows by R100bn over past two years to R247bn, writes Mike Brown, Managing Director, etfSA.co.za

Read more

USD improving EM competitiveness

USD improving EM competitiveness

Author: Jan Dehn, Head of Research, Ashmore | Date: 2015-10-16

Jan Dehn, Head of Research at Ashmore, discusses why the rise of the USD in the past few years is now helping to restore competitiveness in Emerging Markets countries

Read more

Value Investing

Value Investing

Author: Jan van Niekerk, Chief Investment Officer, RECM | Date: 2015-09-22

Over the long term value investing has proven to outperform other investment approaches, argues Jan van Niekerk, CIO of RECM

Read more

African PE: Not that attractive?

African PE: Not that attractive?

Author: Anna Lyudvig | Date: 2015-08-10

Out of 120 countries, covered by the 2015 VC & PE Country Attractiveness Index, South Africa and Morocco score highest, coming in at only 37th and 50th, whereas Nigeria scores 82nd

Read more

Development Equity at work

Development Equity at work

Author: Stuart Bradley, Senior Partner, Phatisa | Date: 2015-08-01

Stuart Bradley of Phatisa discusses the AAF fund, taking a closer look at its investment in the DRC - Feronia

Read more

PRIVATE EQUITY: The Principal Agent Problem

PRIVATE EQUITY: The Principal Agent Problem

Author: Pieter de Wet, Head of Research, Novare Equity Partners | Date: 2015-07-22

The potential for exceptional returns via the private equity route remains very high, but also poses some significant challenges, says Pieter de Wet, Head of Research at Novare Equity Partners

Read more

Agricultural growth in West Africa

Agricultural growth in West Africa

Author: Food and Agriculture Organization of the United Nations | Date: 2015-07-02

New report sees regional integration as high road to making the most of changing food patterns and dynamic populations

Read more

Turning the lights on in Africa

Turning the lights on in Africa

Author: Jens Thomassen, Director, Denham Capital | Date: 2015-06-09

“Powering Africa” has been a hot topic for the past few years, says Jens Thomassen of Denham Capital

Read more

Variety is the spice of life in Africa

Variety is the spice of life in Africa

Author: Paul Clark, Fund Manager, Ashburton Investments | Date: 2015-06-03

The varied effect of the global oil price decline on countries across Africa is simply a case in point, writes Paul Clark of Ashburton Investments

Read more

AGF Top 40: Institutional Titans

AGF Top 40: Institutional Titans

Author: Anna Lyudvig | Date: 2015-06-03

The AGF TOP 40 Institutional Titans is our recognition of institutional investors who are shaping up the future of Africa

Read more

African Infrastructure

African Infrastructure

Author: Anna Lyudvig | Date: 2015-05-15

The major long-term economic trends in Africa have emphasized the huge investment potential in the infrastructure space, finds Anna Lyudvig

Read more

Mining Private Equity

Mining Private Equity

Author: Anna Lyudvig | Date: 2015-04-25

There is a window of opportunity for private equity firms in the African mining sector

Read more

The Fed Effect

The Fed Effect

Author: Anna Lyudvig | Date: 2015-04-13

Anna Lyudvig analyzes the possible implications of the Fed tightening for African markets

Read more

Quest for bankable projects

Quest for bankable projects

Author: Anne-Louise Stranne Petersen | Date: 2015-03-15

Bankability is one of the biggest issues in the African infrastructure space, finds Anne-Louise Stranne Petersen.

Read more

African Real Estate

African Real Estate

Author: David Lashbrook, Head of Africa Investment Strategies, Momentum GIM | Date: 2015-03-14

Investing in African real estate is an exciting way for investors to support and benefit from Africa’s rising consumer.

Read more

SA: technology predictions

SA: technology predictions

Author: Marius Esterhuysen and Joel Burnette, Advent Software | Date: 2015-03-09

Trends from the consumer world will drive incremental shifts for investment managers in 2015.

Read more

Impact investment in Africa

Impact investment in Africa

Author: Amy Bell, Executive Director of Social Finance, JPMorgan Chase & Co. | Date: 2015-02-23

In Africa, impact investing is critical to the continent's continued economic growth, says Amy Bell, Executive Director of Social Finance, JPMorgan Chase & Co.

Read more

CBN Forex window closed

CBN Forex window closed

Author: Anna Lyudvig | Date: 2015-02-19

The Central Bank of Nigeria (CBN)’s announcement on the suspension of its bi-weekly foreign exchange auctions does not come as a surprise and seen as a positive move by industry experts, writes Anna Lyudvig.

Read more

African oil & gas industry

African oil & gas industry

Author: Chris Bredenhann, PwC Africa Oil and Gas Advisory Leader | Date: 2015-02-17

Chris Bredenhann, PwC Africa Oil and Gas Advisory Leader, says there are numerous opportunities to invest in the oil & gas industry within Africa.

Read more

Nigerian PFAs

Nigerian PFAs

Author: Anne-Louise Stranne Petersen | Date: 2015-02-16

Offshore investments by Nigeria pensions funds are practically nonexistent, finds Anne-Louise Stranne Petersen.

Read more

Proving its worth

Proving its worth

Author: Anton de Goede, property portfolio manager, Coronation Fund Managers | Date: 2015-01-31

Anton de Goede, property portfolio manager at Coronation, discusses listed property in a multi-asset portfolio

Read more

Pension funds investing

Pension funds investing

Author: Craig Metherell, Analyst, Independent Valuations, RisCura | Date: 2015-01-20

There is at least $29bn available for African pension funds to channel into private equity investments, says Craig Metherell of RisCura

Read more

Fall fuels a brighter future

Fall fuels a brighter future

Author: Arthur Kamp, Investment Economist, Sanlam Investment Management | Date: 2015-01-15

The drop in oil prices is a welcome development at a challenging time for the South African economy, says Arthur Kamp, Investment Economist at Sanlam Investment Management.

Read more

Accessing African Growth

Accessing African Growth

Author: Rory Ord, Head of Independent Valuation, RisCura | Date: 2015-01-14

Rory Ord of RisCura explores how to access African growth efficiently and effectively.

Read more

2015 Must-have Stocks

2015 Must-have Stocks

Author: Africa Global Funds | Date: 2015-01-11

A collaborative view from a range of business leaders within the Sanlam Private Wealth team

Read more

PFM reform’s role in building Africa Inc

Author: Joe Cosma, Government & Infrastructure Leader for Africa, EY | Date: 2015-01-09

Public financial management reform can play a crucial role in helping African governments achieve their economic growth and development goals, thereby building Africa Inc, says Joe Cosma, Government & Infrastructure Leader for Africa at EY.

Read more

Accelerating Africa’s progress

Accelerating Africa’s progress

Author: Joe Cosma, EY’s Government & Public Sector Partner in Africa | Date: 2014-12-17

A decade of economic expansion has left Africa well placed for the future, says EY’s Joe Cosma. But challenges remain to create the jobs and growth that will lift ever greater numbers of Africans out of poverty.

Read more

Bang the BITs drum

Bang the BITs drum

Author: Greg Stonefield, Partner, Mayer Brown | Date: 2014-12-11

Bilateral investment treaties provide foreign investors with a degree of comfort and protection against challenges of doing deals in Africa.

Read more

IFRS 9: what does it mean for asset managers?

IFRS 9: what does it mean for asset managers?

Author: Colin Wheeler, IFRS manager, Mazars | Date: 2014-11-27

The International Accounting Standards Board recently released a new accounting standard on financial instruments. The new standard, called IFRS 9 Financial Instruments, addresses financial instruments and is applicable to asset managers and investment funds who prepare their financial statements in accordance with IFRS.

Read more

Private equity looks to African investors

Private equity looks to African investors

Author: Africa Global Funds | Date: 2014-10-20

Fundraising by Africa-focused private equity has rebounded after the global financial crisis, buoyed by support from the international development finance institutions.

Read more

Trading with South

Author: United Nations Economic Commission for Africa | Date: 2014-10-15

Africa will be trading predominantly with partners from the South by 2020, the African Development Forum has revealed.

Read more

Free magazine copy

Africa Global Funds magazine: November 2016 issue free download

Enjoy a FREE copy of our November 2016 magazine issue

Get our Newsletter

Testimonials

I find AGF’s content to be well-written, interesting and highly informative. AGF is able to attract leading figures in the African fund market for exclusive insights and opinion articles that are difficult to find elsewhere.


Augentius

Joe Greenwell
Business Development Director - Augentius

Finding the news behind the news has always been the challenge, but Anna and her team always seem to pull it off. The AGF website, e-newsletter and monthly magazine are read by the whole Phatisa team; well-written, African private equity news not found elsewhere. We are proud to be affiliated with such a young, ambitious and driven media team and wish them only the best.

Phatisa

Stuart Bradley
Joint Managing Partner - Phatisa

We find AGF a very useful publication, especially covering, as it does, all asset classes in Africa (as, uniquely, does Investec Asset Management). The public funds data and macro stats are very useful, while the articles and interviews are insightful and often cover (in relative terms) neglected markets and asset classes.

Investec Asset Management

Nick Tims
Managing Director

I have found the AGF monthly magazine very informative and always containing some interesting research on the Private Equity industry not found elsewhere.

Harith: Financiers and developers of infrastructure projects

Emile Du Toit
Head: PAIDF 2

Multimedia