Tapping Africa’s Growth Opportunities

07 Feb 2014

Joining presenters Geoff Cutmore, Steve Sedgwick and Karen Tso, Michelle Kathryn Essomé appeared on CNBC’s flagship Squawk Box show on Friday, 31/1. Acknowledging the opportunities to be found across a continent that ‘has been overlooked for so long’, Michelle’s interviewers were keen to discover why now is the best time for investors to be looking at Africa, and why AVCA believes private capital flows to Africa will continue to grow in light of US monetary tightening, after all, private equity investments are, by nature, patient capital. Michelle profiled a few reasons:

- Returning educated diaspora, bringing wealth and expertise
- Emerging consumer class
- A continent free from malaise and debt, that is hungry for growth

These positive factors are not unknown to the private equity investor community. According to AVCA statistics, 2013 saw significant investment from PE and VC fund managers across the continent, with just under $3 billion invested through around 100 deals. West Africa has seen a particular prevalence of deal-making activity, attracting around 35% of investments made (compared to 26% in East Africa and 18% in Southern Africa). This energy and ambition to use private capital as a catalyst for change, among other factors, is the reason that AVCA will be holding its 11th annual conference in Lagos, Nigeria on 31st March – 2nd April.

To read more about AVCA’s annual conference, please view: www.avcaconference.com
To watch Michelle on CNBC Europe, please see: here
@AVCA_Africa #AVCAAfrica

« Back to AVCA News

Deal documentation can drive change and positive outcomes. Weeam Ben Rejeb @FinDev_Canada explores how transaction… https://t.co/T7mGgb5fWJ

AVCA CEO @Abi_Mustapha discusses trends in AVCA's latest Venture Capital in Africa report, and highlights how start… https://t.co/tAikFZwQky

#AVCAMemberNews: @convergence_ has announced the successful first close of its third fund, the Convergence Partners… https://t.co/CFwDzuXtd3

#AVCAMemberNews: Dutch entrepreneurial development bank @FMO_development invests US$10mn in Regional MSME Investmen… https://t.co/cmEGQnlzPl

2020 brought an influx of innovation to various industries in Africa despite the pandemic. This presented a lot of… https://t.co/Jjzn09QEh0

;