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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December 2018

Venture Capital (VC) in Africa has grown at a tremendous pace in the last few years as investors hunt value earlier in the cycle. Startup funding in the first half of 2018 was over 50% higher than in the whole of 2017. In this month’s issue of Africa Global Funds, we speak with Enitan Obasanjo-Adeleye, AVCA's Director and Head of Research to discuss the current trends (pp.12-13).

On the private equity side, we hear from Hatim Ben Ahmed, Partner, Mediterrania Capital Partners, about investment opportunities in Morocco. Read on to find why this North African county is a safe haven of PE and the underlying factors that could explain PE interest for Morocco (pp.14-15)

This month we also caught up with Guy Baxter of PAPE Fund Managers. The private equity firm is currently investing out of its PAPE Fund 3. Learn more about the fund’s investment strategy and its pipeline of deals (pp. 16-17).

In this month’s issue, Bernard Drotschie, Deputy CIO from Melville Douglas, looks at South African equities. After a strong start to the year, equity returns on the JSE are negative for the year so far and one, three and five year returns are well below historical averages. He says that SA is stuck in a low-confidence cycle, but has all the required basics to enable a cyclical recovery. Read more on pp.18-19.

Finally, Deon de Klerk, Head of Wealth: Africa Regions for Standard Bank, shares his thoughts about Africa’s emerging wealth market on p.24.

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