Current Affairs

Thank you for the last 9 years

16 June 2020

Dear members, partners and friends,Today I’m writing to share the news that it’s time for me to step aside after nearly 9 years at the helm of AVCA.The world today is at a historic moment of reflection as we consider how to build more inclusive, resilie…

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AVCA featured in Africa Global Funds (Subsription Content)

16 June 2020

AVCA's Head of Research & Training, Enitan Obasanjo-Adeleye discusses the findings of AVCA's research on climate change, the implications of climate change on Africa's PE ecosystem and the role African PE can play in reducing the risks of climate chan…

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The PPE of Overseas Development Assistance

16 June 2020

Written by 'Tokunboh Ishmael, Managing Partner, Alitheia IDF To see the original article, please click here Politics, Philosophy and Economics of ODA in a time of COVID-19 In these unprecedented times, development assistance must shed the skin of its…

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CDC Group appoints new Head of Business Integrity

12 June 2020

CDC Group, the UK’s impact investor and development finance institution, has today announced the appointment of Alexandra Maddy as its new Head of Business Integrity. In this role Alexandra will be responsible for enhancing investees’ business integrity s…

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Bowmans expands into Malawi and Zambia

01 June 2020

The current COVID-19 pandemic sweeping the globe is not stopping leading African law firm, Bowmans, from moving forward. Less than a year after it announced it was opening a new office in Mauritius and entering into an alliance with Assefa & Associat…

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Covid-19: "In Africa, investment funds with a local footprint have a great advantage"

06 May 2020

La Tribune Afrique interviews AVCA's Head of Research and Training, Enitan Obasanjo-Adeleye. Read more

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Coronavirus: private equity liquidity management is key to pandemic

20 April 2020

Liquidity management will decide which private equity investors in Africa are able to take advantage of the new opportunities created by the coronavirus pandemic. That’s the message from the transcript of a private webinar for members of the African Priv…

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African Development Bank Group unveils US$10 bn Response Facility to curb COVID-19

08 April 2020

The African Development Bank Group on Wednesday announced the creation of the COVID-19 Response Facility to assist regional member countries in fighting the pandemic. The Facility is the latest measure taken by the Bank to respond to the pandemic and wil…

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Mediterrania Capital Partners appoints Rajaa Berrkia as Director of Sustainability

27 February 2020

Mediterrania Capital Partners appoints Rajaa Berrkia as Director of Sustainability  Mediterrania Capital Partners, the Private Equity firm focused on growth investments for SMEs and mid-cap companies in North and Sub-Saharan Africa announces the appoin…

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Mediterrania Capital Partners is granted the EU’s AIFM Licence by the Malta Financial Services Authority

19 February 2020

Mediterrania Capital Partners, the Private Equity firm focused on growth investments for SMEs and mid-cap companies in North and Sub-Saharan Africa, announces that it has been granted an AIFM (Alternative Investment Fund Manager) Licence under the Directi…

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Kibo portfolio company produces first fully recycled packaging product in Kenya

06 February 2020

Kibo Capital Partners (KCP) today announced that its portfolio company Blowplast Limited (Blowplast), in partnership with Unilever and recycling company Mr Green Africa, has produced Kenya’s first fully recycled packaging solution. The packaging, produced…

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IFC Supports Sustainable Agriculture in Morocco’s Farming Sector through its Partnership with Zalar Agri

24 January 2020

IFC, a member of the World Bank Group, is providing US$24mn in financing, including a US$12mn C loan for IFC’s own account and a mobilization of a US$12mn B loan through IFC’s syndication program, to Zalar Agri, one of Morocco’s leading fruit producers, a…

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Actis signs an MOU with The Sovereign Fund of Egypt for strategic cooperation on future investment opportunities in Egypt

20 January 2020

The Sovereign Fund of Egypt (TSFE) and Actis, a UK based leading emerging markets investor, have signed an MOU relating to strategic cooperation across multiple sectors in Egypt. The signing took place during the UK-Africa Investment Summit witnessed by D…

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Acorn dual-lists green bond program on LSE's International Securities Market

20 January 2020

Acorn Holdings Ltd., the largest Purpose-Built Student Accommodation property developer in Kenya, has dual-listed its KES 4.3 billion green bond program on the International Securities Market of the London Stock Exchange. The medium-term note (MTN) progra…

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B-Corp status for leading pan-African PE firm Helios Investment Partners

13 January 2020

Helios Investment Partners becomes the largest emerging markets-focused PE firm globally to receive B Corp certification B Corp status recognizes the firm’s long-standing commitment to sustainability and responsible business practices The B Corp cer…

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DOB Equity awarded impact investor and transition to new leadership

19 December 2019

DOB Equity wins the award for impact investment firm 2019 Leadership change as CEO Brigit van Dijk – van de Reijt will hand over her responsibilities to her colleagues Saskia van der Mast, Hayo Afman and Toine Huijbers per January 1st, 2020 DOB Eq…

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Andersen Global Strengthens Presence in Nigeria with The New Practice

12 December 2019

Andersen Global entered into a Collaboration Agreement with Lagos-based law firm, The New Practice (TNP), increasing the global organization's footprint in Africa and strengthening its presence in Nigeria. Founded in 2007, TNP's practice includes Office …

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Check-in with the Partech Africa fund: 2019 was an active and exciting year

10 December 2019

Last time we shared a public update in January 2019, Partech Africa had just reached a final closing at €125M ($143M), opened Nairobi offices and closed 3 deals in 2018.  A year later here is where we stand:  ● 8 new transactions including 6 new compani…

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Member Announcement - Capria Ventures 8th Investment Cycle is Open!

28 November 2019

Capria understands the problems faced by fund managers in emerging markets and works in deep partnership to solve roadblocks like fundraising and finding & developing a successful deal pipeline for investments. Capria is a global impact investing fir…

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Investec Asset Management is becoming Ninety One

19 November 2019

We are excited to let you know that the plans for our firm’s listing in the first quarter of next year are well advanced, including the adoption of our new name. We have chosen a name with a strong connection to our heritage, that feels authentic to who …

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First female PE fund stars at Africa Investment Forum

12 November 2019

4 Years, 3 Continents, 2 Women, 1 Plan   The first female-led African private equity fund took centre stage at the African Investment Forum, when the President of the African Development Bank (AfDB) Akinwumi Adesina said “Alitheia IDF last year here, co…

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Stephane Bacquaert has joined Adenia Partners as a Managing Director

22 October 2019

Adenia Partners is pleased to announce today that Stephane Bacquaert has joined the team as Managing Director and member of the Board. He will be primarily focused on leading Adenia private equity activities in West Africa. Stephane joins from Wendel whe…

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London Stock Exchange Welcomes Helios Towers Plc

15 October 2019

Helios Towers plc, a leading Sub-Saharan independent tower Company, was today welcomed to the London Stock Exchange on its successful admission to the premium listing segment of the Official List. Formed in 2009 with a vision of becoming a major infrastr…

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Investec Asset Management's EAIF announces milestones for clean energy projects in Mozambique, Uganda and Tanzania

14 August 2019

Investec Asset Management's Emerging Africa Infrastructure Fund (EAIF) has announced two renewable energy projects that will produce a total of 54MW of clean power have celebrated important milestones. Mozambique’s president declares Mocuba solar plant…

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Executives in Africa win ‘Best UK Overseas Operation’ at the 10th Global Recruiter Awards

24 July 2019

The 10th Global Recruiter Awards took place at Café de Paris, London, with Executives in Africa lifting the award for “Best UK Overseas Operation”. The Awards have an unprecedented reputation within the Industry for recognizing the best of the best,…

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Investec Asset Management acquires control of one of Egypt’s leading grocery retailers

15 July 2019

Investec Asset Management (‘IAM’) has completed its first private equity investment in Egypt, by acquiring control of Spinneys Egypt (‘Spinneys’), a rapidly growing supermarket chain in Egypt. This marks the eighth investment from IAM’s second pan-African…

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Actis Assumes Management Rights on Two Abraaj Funds | AVCA

15 July 2019

Actis has assumed management rights on Abraaj Private Equity Fund IV (APEF IV), a global buyout fund, and Abraaj Africa Fund III (AAF III), a fund for investment in sub-Saharan Africa The transaction includes 14 portfolio companies and strengthens Acti…

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CDC Group launches new company, Gridworks

10 June 2019

Capitalised by CDC, Gridworks will aim to invest over US$300 million to improve the transmission and distribution infrastructure that delivers reliable and sustainable power   CDC, the UK’s development financial institution, has today announced the laun…

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DEG promotes lending to women in Uganda

02 May 2019

Growth capital for BRAC Uganda Bank Ltd. In Uganda, only about one third of the population has a bank account. Microfinance institutions can only close the gap to some extent. One of them, BRAC Uganda Microfinance Ltd., which focuses on providing finance…

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African Infrastructure Investment Managers (AIIM) appoints Wanjiku Mugane as Senior Advisor in Kenya

06 February 2019

Cape Town and Nairobi: African Infrastructure Investment Managers (AIIM), one of Africa’s largest and most experienced infrastructure-focused private equity fund managers and a member of Old Mutual Alternative Investments (OMAI), today announces the appoi…

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CDC appoints Stephen Priestley as new Managing Director, Funds and Capital Partnerships

28 January 2019

CDC, the UK’s development financial institution, has today announced the appointment of Stephen Priestley as its new Managing Director, Funds and Capital Partnerships. Stephen starts his new role on 28 January and will report directly to Chief Executive N…

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CDC appoints Chris Chijiutomi, as the new Head of its Infrastructure Equity Team

01 November 2018

Chris Chijiutomi has been with CDC since 2017 as an Investment Director and replaces Sameh Shenouda who left CDC in September. He will lead the CDC team making equity investments in infrastructure in CDC’s target regions of Africa and South Asia. Before …

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CDC appoints new Deputy Chief Investment Officer for higher risk strategies

04 September 2018

London, United Kingdom: CDC, the UK’s development finance institution, has announced the appointment of Yasemin Saltuk Lamy as its Deputy Chief Investment Officer (CIO) for higher risk strategies. Yasemin will be responsible for the investment processes,…

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It’s Time for Development Finance Institutions to Join Africa’s Technological Revolution

24 August 2018

Technological innovation has swept across Africa in the past decade. There are almost one billion cell phone subscriptions on the continent, up from 129 million ten years ago. In addition, software advances have disrupted the way people from Senegal to So…

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Why Partech is partnering with TradeDepot

02 May 2018

Partech are strong believers in the potential of digitizing the informal economy in Africa. Partech are convinced that digital platforms will support a massive transformation of many still informal markets thus enabling growth across all layers of society…

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CDC announces two new senior appointments

26 February 2018

CDC Group plc, the UK’s development finance institution, has appointed Tenbite Ermias as its new Head of Africa and Chris Coles as its new Chief Investment Officer. Tenbite Ermias, Head of Africa Tenbite joins on 26 February 2018 and will be responsible…

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Blended Finance – A tool for driving private equity investment in Africa

21 February 2018

The 2017 African Economic Outlook predicts that Africa’s average growth is expected to reach 4.3% in 2018. The private equity (PE) and venture capital industry in Africa continues to witness strong performance across diverse sectors. Returns to investors …

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Leapfrogging 2.0: How Africa leads the way

07 February 2018

The subject of Africa ‘leapfrogging’ developments through technology is not a new one, and it has been written about extensively. There is no doubt amongst most commentators that it is the mobile revolution that has catalysed this phenomenon, particularly…

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Investec portfolio company secures global investment from Virgin Group and Smollan

30 January 2018

Investec Asset Management portfolio company wiGroup, a mobile transacting software company, has secured an equity investment from two leading global companies to fast-track its entry into emerging and developed markets. The Virgin Group’s global investmen…

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Leaner, fitter private equity firms are set fair for a positive 2018

22 January 2018

A new year is always an opportunity for a fresh start — it is a chance to put new plans into action and do some fresh thinking. It is not difficult to start the year in an optimistic mood, although the question is: is it justified? The African private equ…

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DPI builds Francophone African higher education platform

12 January 2018

Pan-African private equity specialist DPI, has been instrumental in creating KMR Holding Pédagogique, the leading state-recognised higher education platform in Francophone Africa. This is because of rapidly growing demand for quality degrees and strong j…

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African fund managers continue to capture opportunities amidst rising currency and geopolitical risk

07 December 2017

The African Private Equity and Venture Capital Association (AVCA) has launched the inaugural edition of its special research reports, Volatility and Uncertainty: How private equity in Africa navigates through turbulent times, which explores how the Africa…

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Investec makes follow-on investment in Mobisol

30 November 2017

Investec Asset Management (Investec), through its African private equity capability, has made a follow-on growth equity investment alongside its consortium partners into Mobisol, one of Africa’s leading providers of off-grid solar home systems (SHS). Inv…

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AVCA Regulatory Update: MiFID II – What does it mean for you?

30 November 2017

What is MiFID II? Markets in Financial Instruments Directive (MiFID) II is the sequel to the Markets in Financial Instruments Directive (I) which was introduced in 2007. This legislation, due to come in force in January 2018, provides an EU framework for…

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Deal Origination 2.0 - Digital deal sourcing and the future of African private equity

28 November 2017

Deal origination is a labour-intensive process, especially when conducted through traditional methods such as accessing business owners in the immediate network, screening inbound leads, engaging with investment intermediaries, and proprietary research fo…

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Round-Up: Inaugural AVCA ESG Practitioners' Roundtable

23 November 2017

Following the inaugural AVCA ESG Practitioners' Roundtable which took place on Monday 16th October 2017, led by the AVCA Sustainability Committee, we are pleased to announce the formation of an industry initiative to drive the adoption of Environmental, S…

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AVCA boosts Board and Advisory Committees with high profile appointments

06 November 2017

Monday, 6th November 2017, London: The African Private Equity and Venture Capital Association (AVCA) today strengthened its leadership as Paul Botha, Founder and Chief Executive Officer at Metier and Danladi Verheijen, Managing Director at Verod Capital M…

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Investec completes buy-out of Botswana-based retailer

25 October 2017

Investec Asset Management, through its Africa Private Equity capability, in a consortium with RMB Ventures, local partners, and senior management have completed a buy-out of Kamoso, a Botswana-based retailer and consumer goods company. The transaction is …

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FMO signs MOU to increase funds for energy sector

24 October 2017

FMO, the Dutch Development Bank and Shell Foundation, a registered charity in the United Kingdom, signed a Memorandum of Understanding (MOU) to join forces on increasing the flow of funds for impact finance in the energy sector. They agreed to a broad coo…

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Expression of Interest: The UK's role in the Ethiopian Manufacturing Sector

17 October 2017

In partnership with the British Department for International Trade (DIT), Department for International Development (DFID) and the Foreign and Commonwealth Office (FCO), Business Council for Africa-Invest Africa (BCA-IA) is undertaking a project looking at…

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Investment Funds: The South African Headquarter Company Regime Hurdle

18 September 2017

With the increasing appetite for investments into African jurisdictions, the South African private equity landscape needs to adapt in order to attract direct foreign investment and to facilitate the seamless investment and divestment in and from these j…

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Nigeria’s FX Window: Boosting investors’ renewed confidence?

22 August 2017

Nigerian law guarantees investors the unconditional transferability of proceeds of their investments in Nigeria in convertible currency, provided that inflow and repatriation are effected through Central Bank of Nigeria (CBN) authorised dealers - subject …

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African Capital Alliance Replaces CEO following ministerial appointment of Okey Enelamah

11 November 2015

Okey Enelamah, Co-Founder and CEO of African Capital Alliance (ACA), was today appointed by President Muhammadu Buhari to serve as the Minister for Industry, Trade & Investment of the Federal Government of Nigeria.With this appointment, Okey Enelamah …

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OPIC: Global Engagement Call For Proposals

30 April 2015

Overseas Private Investment Corporation:    Global Engagement Call For Proposals The Overseas Private Investment Corporation is launching its 2015 Global Engagement Call for Proposals. OPIC is inviting proposals from fund managers seeking OPIC financin…

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Actis wins Africa Infrastructure firm of the year

02 March 2015

Actis has won two awards for its preeminent African and energy expertise. The firm has been named ‘2014 Firm of the Year in Africa’ by Private Equity International (PEI) and ‘2014 African Infrastructure Fund Manager of the Year’ by Infrastructure Investor…

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CDC appoints new Managing Director for its Africa Funds team

09 January 2015

London, United Kingdom, January 9th 2015: CDC Group plc, the UK’s development finance institution, has appointed Murray Grant as Managing Director for its Africa Funds team.  He will join CDC in January 2015 and will manage the team responsible for the or…

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Kuramo Capital Management's Walé Adeosun appointed to Advisory Council to advance the U.S. President's business priorities for Africa

07 November 2014

U.S. Secretary of Commerce Penny Pritzker Appoints Advisory Council to Advance President's Business Priorities for AfricaAt Discover Global Markets forum in Atlanta, Secretary Pritzker focuses on trade and investment opportunities in Sub-Saharan AfricaU.S…

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Launch of the Kusuntu African Private Equity and Small Growing Businesses Market Place

24 October 2014

Paris, October 24 2014: Kusuntu Partners launches a new service for linking up the Africa Focused Private Equity Funds and Investors to Africa Small and Growing Businesses.Kusuntu, a partnership that promotes the emergence and the development of African E…

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Dentons wins Advisor of the Year award at the Private Equity Africa Awards 2014

13 June 2014

Dentons is delighted to have won the 'Advisor of the Year – Single Deal Advisor' award at the Private Equity Africa Awards 2014. Dentons won the award for its role advising Indorama on its co-investment with Helios in the US$3bn Petrobras Oil & Gas JV…

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Helios wins Large Cap Deal of the Year for Petrobras Africa and Henry Obi receives Outstanding Leadership Award

12 June 2014

OUTSTANDING LEADERSHIP AWARDHenry Obi, Partner, Helios Investment PartnersDEAL OF THE YEAR: Large Cap Deal of the YearPetrobas Africa, Helios Investment PartnersHenry Obi, partner and chief operating officer at Helios Investment Partners, has been awarded…

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King & Wood Mallesons SJ Berwin wins ‘Legal Advisor of the Year - Funds’ at Private Equity Africa Awards

10 June 2014

King & Wood Mallesons SJ Berwin has been awarded ‘Legal Advisor of the Year - Funds’ at Private Equity Africa’s third annual GP & Advisor Awards.The Private Equity Africa Awards celebrate the best in-class global investors and advisors working sol…

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Anjarwalla & Khanna has entered into a strategic relationship with ATZ Law Chambers

24 March 2014

Anjarwalla & Khanna (A&K) has entered into a strategic relationship with ATZ Law Chambers (ATZ), a law firm in Tanzania. Shamiza Ratansi and Amish Shah (both formerly of Adept Chambers) set up the new firm in March, shortly after Dr. Fred Ringo of…

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MBO Capital Management Limited Rated “BBB(IM)”

13 February 2014

Agusto & Co has assigned a rating of “BBB(IM)” to MBO Capital Management Limited (”MBO Capital” or “The Manager”).Investment  Managers rated “BBB (IM)” are considered to have ADEQUATE investment and risk management capabilities. The rating is supporte…

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Hear @CDunbar1 City Treasurer of @PhiladelphiaGov and @BurbridgeChuck Executive Director of @ctpf_tweets discuss th… https://t.co/HlNalAsADC

42% of the total number of LPs included in VC deals in Africa between 2014-2019 were headquartered in North America… https://t.co/ILncShXj9q

@Proparco co-invests US$22mn into Ethiopian FMCG platform, Turaco. Read more: https://t.co/f3YigBYOvR

PE/VC fund managers, PE/VC investment firms and corporate venture firms accounted for 39%, 19% and 11% of investors… https://t.co/PIXoApbOEu

@deginvest_DE suscribes to bond issued by #HeliosTowers. Read more: https://t.co/57qJu6bhi8