The COVID-19 pandemic is fundamentally re-shaping life across the world. The risks to public health and the consequent economic and social disruption are unprecedented.
African Governments are acting swiftly and in concert to limit the spread of infection. The African private sector is likewise stepping up.
The African PE industry has a strong track record in navigating risks and seizing opportunities in highly dynamic markets and has the requisite imagination and skills to rise to this challenge. Resilience in the face of extreme market stress and the need to put impact at the heart of decision-making has been baked into the DNA of many GPs and their portfolio companies, so the ingredients to survive – and potentially to thrive - are firmly in place.
AVCA believes its members hold many of the solutions to the continent’s COVID-19 response – in terms of capital, technology, technical expertise and management best practice – so we are creating a new purpose-built collaboration platform to promote and enable knowledge-sharing and innovation exchange.
Now is the time for us to demonstrate the full impact of the African PE and VC industry on the continent – our individual and collective responses will shape how the industry is seen decades from now. I hope you will be able to join us for what will be a deeply meaningful and stimulating conversation.
Michelle Kathryn Essomé
Chief Executive Officer
African Private Equity and Venture Capital Association
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