History is dominated by the quest for energy and economic growth. The urge of civilizations to expand, increase their dominance and grow economically - all required energy to do so.
The pressing demand for digital adoption is driving an important shift in Africa's private equity market. In IQ-EQ’s latest state of digital adoption report, released in partnership with The Drawdown in May 2024, 30 c-suite professionals representing firms managing more than $1 billion in assets under management were surveyed.
By Paras Shah (pictured), Managing Partner, Richard Harney, Senior Partner and Wathingira Gituro, Partner, Bowmans Kenya
Setting up a new investment fund can be a daunting and expensive endeavour, especially for emerging managers who are navigating the complexities of fund structuring for the first time. With myriad regulatory requirements, administrative tasks, and service provider coordination, the process often demands significant time and resources. However, by adopting strategic approaches and leveraging knowledgeable partners, it is possible to streamline fund setup, significantly reducing both costs and time. In this article, we explore practical tips and best practices for emerging managers to efficiently establish their funds, ensuring a smoother and more cost-effective launch.
-crop-c0-57__0-47-273x206.png)
Can fund accounting be made easier? Léa Aouston, Principal Consultant, Temenos Multifonds explores why a new approach is needed in this complex and important area
The global crisis has not spared investment funds and fund managers in Africa. In spite of new legal frameworks that have been adopted lately in many African countries, such as Rwanda, the WAEMU or Central African countries, it is fair to say that such frameworks currently see little use.
Broadly, it is common to state that private equity has not worked well in Africa. Private equity generated much hype in the noughties, a period of stagnation for global markets. Large buyout operations came looking for large ticket sizes in a market that was, simply put, not large enough to deliver the right portfolio or sophisticated enough to provide the right exits. A number of players made high-profile exits from the market, and the stain never washed out.
In 2023, we saw private equity firms continue to integrate ESG considerations into their investment processes with Limited partners (LPs) and regulators continuing to prioritize the importance of transparency and reporting related to ESG factors. Whether the ESG acronym continues to be used over the long term remains to be seen but, make no mistake, ESG in one form or another has cemented itself into the private equity landscape. Irrespective of recent political debate in the US, general partners (GPs) must accept that ESG has become a strategic imperative and, given the ESG regulation sweeping across the globe, a legal necessity.
Project finance in Africa stands at a crossroads, representing both immense potential for growth and development and a series of unique challenges that demand innovative solutions. This article explores the current situation of project finance in Africa, shedding light on the key issues and challenges faced in the region. Additionally, we will delve into the role of a strategy advisor in assisting developers and governments in overcoming these challenges, fostering successful project finance initiatives in Africa today.
Finaltus is a Licensed Investment and Transaction Advisory Firm, based in Nairobi with a wide range of experience in multiple African countries. At Finaltus, we bring vast Knowledge and practical experience from a range of sectors. We understand that Africa is a continent of immense diversity, offering both opportunities and challenges in equal measure with each country possessing its unique characteristics. Finaltus excels in this regard by adopting a versatile approach to investment and corporate finance, providing tailor-made solutions to meet the diverse needs of our clients. We also have a global reach through carefully selected partners located in the leading finance capitals.
Rajan Rosick, Director in Trident Trust’s Mauritius office and Karine Seguin, Head of Business Development – Fund Services, Europe, recently spoke with Africa Global Funds Magazine about Trident Trust’s journey in African Private Equity.
RMB's Miranda Abraham says investors in Africa deserve to be fairly compensated for the risk they take.
If you’re reading this, there’s a very good chance you’re already familiar with the acronym ESG. Standing for “environmental”, “social”, and “governance”, it’s a constantly evolving standard that emphasises the importance of doing business in a way that positively impacts the environment, society and stakeholders. In essence, it’s the idea that companies can grow and profit while doing good and it encourages businesses to be more transparent about how they add to or create value for their society, community and/or stakeholders.
