Africa Global Funds speaks with Khaled Ben Jilani, Senior Executive Partner at AfricInvest, about fundraising for its new financial sector private equity fund, investment strategy and opportunities.
Interviews / Q&A
Founded in 2004 and headquartered in Abuja, Sigma Pensions is the fifth largest pension fund administrator (PFA) in Nigeria. Sigma was one of Nigeria’s first PFAs and now has over 600,000 members and just under N300bn ($1bn) assets under management. The funds under management comprise of RSA Fund, Retiree fund, Afribank Fund, TCF Fund, CBN Fund, NNPC Fund, SEC Fund, NEXIM Fund, FAAN Fund, Jigawa Fund and Intercontinental Bank Fund.
Two Africa-focused fund managers have recently joined Capria Network, a global network of impact fund managers, after completing a 7-week “Intensive” program. Brightmore Capital, an investment management and advisory firm focused on the West African region, and Edge Growth, a venture capital firm based in South Africa, have joined existing managers from Africa, Asia, and Central America, bringing the total number of impact investors in the network to nine.
AGF catches up with Jonathan Kruger, Director and Portfolio Manager at Africa Merchant Capital (AMC) to learn more about company’s Sub-Sahara Fund. The fund was launched in December 2014 as a Cayman Corporate vehicle and has under $5m under management. On a net of fees annualised basis the fund has returned -10.6% USD since inception.
What are the most promising markets and sectors for African investors? Which factors will drive capital markets and PE performance in 2017? What are the best investment strategies? Find out what experts have to say on these questions and more
Lucid Ventures, an approved FSB -Section 12J Venture Capital Company, has recently completed new investments in the South African hospitality sector. The firm that was launched in early 2016 has been very active in the deal-making scene. It finds no shortage of opportunity in its core focus sectors in South Africa. Africa Global Funds catches up with Jordin Borer, Investment Officer at Lucid Ventures, to discuss new deals and plans for 2017.
AGF catches up with Phatisa’s East African Partner, Yida Kemoli, to discuss the African Agriculture Fund and how PE can drive African GDP through enhancing farm yields and input
In August, the Emerging Africa Infrastructure Fund (EAIF) announced it had closed a deal with Helios Towers Africa (HTA). Three elements of the closure gave me particular pleasure. First, it’s the fifth time EAIF has helped HTA grow its business and bring its entrepreneurial drive and commercial acumen to offering better and more competitive telecommunications products to its markets. Secondly, it was the first deal to be closed by Investec Asset Management since it won the mandate to manage EAIF earlier this year. Thirdly, and by far the most important reason is that the investment will help transform lives in the Democratic Republic of Congo, where HTA has acquired some 950 towers that it will upgrade to improve reach and capacity.
AGF speaks with Nonnie Wanjihia, Executive Director at EAVCA (The East Africa Venture Capital Association) about the private equity environment in East Africa and the role of EAVCA
EMPEA has released 1H 2016 Industry Statistics for emerging markets private equity, private infrastructure and real assets and private credit. AGF speaks with Jeff Schlapinski, Director, Research, EMPEA, about trends in Sub-Saharan Africa.
The Infrastructure Project Preparation Facility (IPPF) is a multi-donor trust fund managed by the African Development Bank on behalf of the New Partnership for Africa’s Development (NEPAD). IPPF supports the development of regional and continental infrastructure with grants to African governments, Regional Economic Communities (RECs) and African infrastructure-related institutions to prepare high-quality viable trans-boundary projects in energy, trans-boundary water resources, transport and ICT. Shem Simuyemba of NEPAD Infrastructure Project Preparation Facility talks about the facility and how it address one of the weaknesses of infrastructure development in Africa.
According to the latest Morningstar South African Rating Analysis of unit trusts, Foord Unit Trusts has been the country’s top asset manager, based on both equal-weighted and asset-weighted ratings. AGF speaks with Nick Curtin of Foord, who is responsible for the firm’s institutional investor relationships.
AGF’s Anna Lyudvig speaks with David Kitawi Mwakitele, Director in charge of Business Development and Strategy at Seriani Asset Managers, on the state of the Kenyan pension fund industry
Following the success of its flagship trade finance fund, Barak Fund Management has recently announced the launch of additional investment vehicles to fulfil the needs of their current investors. AGF sits down with Giles Hedley, Investor Relations Officer, to learn about new funds and opportunities in the trade finance space in Sub-Saharan Africa