Tuesday, March 26, 2019 UTC

AGF Magazine - March 2019 issue

  • We focus on fixed income opportunities in both public and private markets. Read on to find in which fixed income instruments and in which African markets to invest on pp. 10-11. In addition, Ashley Benatar of Ashburton Investments shares his views on benefits and risks of investing in mezzanine debt on p.22.
  • We speak with Jérémie Ceyrac, Head of Equity, Responsible Investments at Proparco to learn more about the French development institution, financial products on offer, recent investments in Africa and African impact investment scene (pp. 13-15).
  • This month’s market feature focuses on Nigeria. Sven Richter, Fund Manager, Drakens Capital, writes about his recent trip to the West African country and his observations. “While Nigeria is attractive as an investment destination, the GDP growth is a disappointment for a county that we expect to be one of the leaders in Africa,” he says (pp. 16-17).
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News > Private Equity > Deals

GTR Ventures makes first African investment

Anna Lyudvig
Oct. 31, 2018, 9:10 p.m.
819

Word count: 246

GTR Ventures, an investment and venture-building platform specialized in trade and supply chain, has announced its first investment in Africa.

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GTR Ventures, an investment and venture-building platform specialized in trade and supply chain, has announced its first investment in Africa.

The VC firm has acquired an undisclosed stake in Orbitt, an African-focused fintech deals platform.

Orbitt is a digital deal origination and processing platform that matches global investors with Africa's growing companies to increase the efficient allocation of capital across the continent. 

Through smart-matching technology and by digitising the African investment ecosystem, Orbitt is tackling the challenges of reach, time and business development across the continent. 

Orbitt is based in London with operations in Mauritius and a user-base across 28 countries in Africa.

"Our partnership with GTR Ventures comes at an exciting time for us," said Lanre Oloniniyi, CEO and co-Founder of Orbitt. 

"Africa's trade finance gap exceeds $100bn. By leveraging GTR's tremendous footprint in Africa - Nigeria, South Africa, Kenya, and Zambia, we see Orbitt working alongside banks and funds, in bridging this gap.”

GTR Ventures will strengthen Orbitt's trade finance capabilities from a product and innovation perspective, as well as develop its relationships with global and digital trade financiers. 

Kelvin Tan, CIO of GTR Ventures, said: "Africa-Asia trade today stands at $500bn, annually. However, capital providers to Africa remain hampered by the lack of financial tools and access to data.”

“Orbitt's technology can help lenders manage their risks, and to complete timely transactions in otherwise disconnected markets. We welcome partnerships with all stakeholders to improve credit transparency on the continent."

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