Africa Eats uses a unique for-profit business model. The companies under Africa Eats now have a combined $36m in revenues in 2023, growing at more than 50% year-over-year. Africa Global Funds's Anna Lyudvig caught up with Luni Libes, Founder & CEO of Africa Eats, to learn more
Olivier Granet (left), Managing Partner, Chief Executive Officer, and David Damiba (right), Managing Partner, Chief Investment Officer at Kasada Capital Management, tell Africa Global Funds about the firm’s investment strategy and trends that are driving the hospitality industry in Africa.
The total market capitalisation of the entire South African Exchange Traded Product (ETP) industry increased from R165.4bn at the end of 2023, to 178.2bn at the end of the first quarter of 2024, a rise of 7.7%.
Albert Alsina, Founder and Chief Executive officer at Mediterrania Capital Partners, tells Africa Global Funds about the firm’s investment philosophy, how they are making impact in Africa, challenges with Private Equity investing and future plans
Paulo Martelli, VP and Chief Investment Officer at FinDev Canada, speaks with Africa Global Funds about their approach to investing in Africa, investment opportunities and challenges. Martelli has been with FinDev since 2018. He is responsible for setting the organization’s investment strategy and managing a growing portfolio of debt and equity investments across sub-Saharan Africa and Latin America.
Samar Abuwarda, a retired banking and investment professional, looks into the Sovereign Fund of Egypt’s performance since 2020 and how it could take advantage of the current events occurring in the Egyptian economy.
Even though several negative factors impacted the investment environment in 2023, South African markets followed global peers higher in the final quarter with the FTSE/JSE All Share Index ending the year at 9.3%, which was marginally behind bonds at 9.7% but ahead of cash, at 7.8%. The standout performance for 2023 came from global equities, with the All Country World Index (ACWI) returning 31.3% (in rand).
The seventeen UN Sustainable Development Goals (“SDGs”) which have been adopted by all members of the United Nations back in 2015 are considered as a set of rules which guide Private Equity Fund Managers to address social and environmental challenges in countries where they make investments. Generally, Fund Managers have played a vital role in helping emerging markets when it comes to achieving SDGs. For over a decade, several Fund structures along with their related entities which have been domiciled in Mauritius, have been actively involved and participate in the management of their respective portfolio companies. They work towards the implementation of strategies which ultimately bring value addition, growth and acceptable financial performance to those businesses.
Guillaume De Meyer, Global Service Director (left) and Emmanuel Maire, Head of Technology (right) from Temenos Multifonds discuss the issues impacting asset management firms in South Africa, and how the latest technology can help do address them
In 2022, Mergence Investment Managers acquired a controlling equity stake in a portion of the innovative affordable rental housing group, Live Easy, through the Mergence Infrastructure and Development Equity Fund I.
One of the main features of the African currencies is their dependence on their own idiosyncrasies, according to Matthew Ryan, Head of Market Strategy at Ebury.
Initial Public Offering (IPO), Sale to Strategic Buyers, Secondary Market or Management Buyout (MBO) - each of these strategies has its own advantages and considerations, and PE firms seeking to deliver superior returns must choose the one that aligns best with their investment goals and the specific circumstances of the portfolio company, writes Albert Alsina, Founder and CEO, Mediterrania Capital Partners.