AVCA to bring US$1.5tn in private capital to Cote d'Ivoire

12 Oct 2016

London, UK, Wednesday, 12th October 2016: The African Private Equity and Venture Capital Association (AVCA) is pleased to announce that the 14th Annual AVCA Conference will be held in Abidjan, Cote d’Ivoire on Monday, 3rd April – Wednesday, 5th April 2017.

 

About the AVCA Conference

The 14th Annual AVCA Conference is returning to francophone Africa for the first time in ten years.

The Annual AVCA conference is the largest private equity gathering globally, attracting investors who collectively manage over US$1.5tn in assets. Over the past 13 years, the AVCA conference has become the most important forum for promoting, developing, and stimulating private investment in Africa. The conference continues to be a rallying beacon, shedding light on the vast opportunities available to global investors, and guiding the industry with informative research and thought leadership.

Starting in 2003 in Cameroon, AVCA has held conferences in Botswana, Egypt, Ethiopia, Ghana, Kenya, Morocco, Nigeria, Senegal, South Africa, and Tunisia with the goal of exposing investors to the diverse prospective investment markets across the continent.

Michelle Kathryn ESSOMÉ, Chief Executive Officer, AVCA said, “We are extremely honoured to have the participation of the Prime Minister, His Excellency Mr. Daniel Kablan DUNCAN.  Côte d’Ivoire is a prime destination for foreign direct investment due to its strong GDP growth, stable political environment, excellent infrastructure, and emergence as the regional hub for Francophone West Africa. Our data shows that private equity investment in Côte d’Ivoire has doubled between 2010-2012 and 2013-2015, with consumer-driven sectors, industrials and energy attracting the bulk of investment. We are extremely pleased to bring investors to one of the fastest growing countries in the world.”

Michel ABROGOUA, a pioneer of Private Equity in Côte d’Ivoire and chairman of PCM Capital Partners (PCP) said, “We are delighted to welcome AVCA to Abidjan for the 14th Annual Conference. It is a fantastic opportunity to showcase the developments in the country and the multiple investment prospects therein.”

About AVCA

AVCA is the Pan-African industry body, which promotes and enables private investment in Africa, educating, equipping, and connecting members and stakeholders with independent industry research, best practice training programs and networking opportunities.

Founded in 2000, with the purpose of driving Africa’s growth, AVCA’s member base spans private equity and venture capital firms, institutional investors, foundations, professional services firms, international development finance institutions, and other associations.

About PCP

PCP, a subsidiary of Phoenix Capital Management, the Ivorian based Asset Management firm, is the manager of the West Africa Emerging Markets Growth Fund (WAEMGF), a EUR38.5mn regional PE Fund whose investors include the South Africa Government Employee Pension Fund (GEPF) managed by the Public Investment Corporation (PIC), the African Development Bank (AfDB), the ECOWAS Investment and Development Bank (EBID) and select regional financial services institutions. WAEMGF provides growth and expansion capital to SMEs with potential to grow into regional businesses and targets investment opportunities with potential for strong value creation in sectors such as energy, finance, telecoms, multimedia, ICT, agro business and distribution.

 

For media inquiries, please contact: avca@avca-africa.org

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