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AGF Magazine - April 2019 issue

  • In a region where only a minority of the population has access to a bank account and SMEs struggle to get financial help from traditional banks, Albert Alsina, CEO and Founder of Mediterrania Capital Partners, explains how the PE industry is becoming a catalyst for the African Fintech ecosystem’s development, enabling large-scale banking and supporting entrepreneurs and SMEs in their expansion plans (pp. 10-12).
  • In this month’s issue of Africa Global Funds, we also caught up with Kenneth Kaniu, Britam Asset Managers CEO, to learn about their anchor investment in Tiserin Capital, and the needs and constraints of institutional investors in Kenya and East Africa (pp. 14-15).
  • On the infrastructure front, we hear from Moritz Breickmann, Investment Director at African Infrastructure Investment Managers (AIIM) who showcases some successful airport redevelopments in Africa. Read on to find why airport infrastructure projects on the continent can provide attractive long term returns to investors (p.17).
  • In this month’s issue we also learn that the FTIF Templeton Africa Fund was merged into the FTIF Templeton Frontier Markets Fund. We speak with Ahmed Awny and David Haglund about the Fund and its African investments (p.16).
  • Finally, Rob Childs, Head of International for Prescient Fund Services shares his views on the global distribution challenges facing African fund managers and why the firm decided to domicile their offshore fund range in Ireland (p. 22).
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News > Private Equity > Deals

GTR Ventures makes first African investment

Anna Lyudvig
Oct. 31, 2018, 9:10 p.m.
900

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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