In this month’s issue of AGF, we spoke with Mediterrania Capital Partners. In December 2021, the firm via its third fund, MC III, completed a partial exit of Travaux Généraux de Construction de Casablanca (TGCC), a general contractor specializing in construction and public works in Morocco and Sub-Saharan Africa. Learn how the firm implemented its value creation model on pp. 12-14.

In this edition, Abhimanyu Yadav, Head of Fixed Income & Currencies at MCB Investment Management, looks into the Pan African fixed income asset class. He writes that African local currency debt markets have expanded to around $940bn currently from around $580bn at the start of 2015. Read on pp.16-17.

Despite the ongoing health and economic impact of Covid-19 worldwide, PwC’s annual Africa Capital Markets Watch report shows that African markets have continued with a modest recovery through 2021. Find more on p.15.

In addition, the team at AfrAsia, discusses the African PE landscape outlining how the Bank can be helpful to GPs and LPs. Learn more on p.11.

On the PE front, Heleen Goussard of RisCura looks into shifts shaping PE landscape, saying there are some noticeable shifts in the marketplace that prove how PE is performing. See more on p.19.