COVID-19: AVCA's Response

18 Mar 2020

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. 


Kind Regards,

Michelle Kathryn Essomé 
Chief Executive Officer
African Private Equity and Venture Capital Association

 

 

« Back to AVCA News

What we're reading: Makhtar Diop [@Diop_IFC], managing director of @IFC_org, predicts that the next Bill Gates will… https://t.co/5wv9wqn2Ml

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

;