EBRD’s Post

📉 A Downturn in VC Investments - Impacting the Heart of Africa's Private Capital In Q3 2023, Africa witnessed a 34% drop in private capital deal volume, according to the latest AVCA report, in comparison to the same period last year. The repercussions of this downturn resonated across all asset classes, with #venturecapital seeing the most significant decline, leaving a notable dent in the overall deal volume. 🌍 The decline in seed and early-stage investments played a pivotal role in the reduction of venture capital deals. Nonetheless, it's important to note that the private capital deal volume in Q3 2023 surpasses pre-2021 levels, paving the way for 2023 to potentially become the third-highest recorded year in history. AVCA - The African Private Capital Association Kalys Ventures #AfricanPrivateCapital #InvestmentTrends #2023Outlook

The African Private Capital Association (AVCA) in its new report, found that Africa’s total private capital deal volume declined for the first time since 2016, falling by 28% year-over-year (YoY) to 450 deals. The 2023 AVCA annual report provides insight into dealmaking, fundraising, exits and the key trends shaping Africa’s…

🔻 Investment Downturn Permeated All Corners Of The Industry The latest report from AVCA shows Africa’s private capital deal volume in Q3 2023 dropped 34% compared to the same period in 2022. The downturn slowed across all asset classes, with #venturecapital experiencing the steepest decline, causing a significant impact on total deal volume. 🌍 The number of venture capital deals was affected by the retreat in seed and early-stage investments. However, Africa's private capital deal volume in Q3 2023 remains higher than pre-2021 levels, placing 2023 YTD on track to become the third-record year historically. Read the report: https://bit.ly/3SqhaZt (Watch out AVCA's Q3 2023 #VentureCapital Activity in Africa being released later this week) AfricanPrivateCapital #InvestmentTrends #2023Outlook

Here's a ranking of the largest commitments to Africa-focused private capital funds approved by development finance institutions during the first quarter - https://lnkd.in/ezErtRrC #africa #dfi #fundcommitments #privatecapital #privateequity #venturecapital #infrastructureinvestment #news #data IFC - International Finance Corporation British International Investment Swedfund International European Investment Bank (EIB) Apis Partners Seedstars Africa Ventures African Infrastructure Investment Managers (AIIM) Ninety One A.P. Moller Capital

Here’s How Investec Group (JSE: INL & INP) Makes Money💰 The Following are the combined results of Investec Ltd & Investec Plc before taking the effects of discontinued operations into account. Designed by Marvin Matabane Curious about the forces shaping South Africa's economy & financial markets⚡? Follow us at University of Johannesburg Investment Society (UJInvest) for more insights!💡 Let us know which JSE listed company you would like to see next 👇 #finance #markets #stockmarket #economy #southafrica #jse #investments #earnings #banking #uk #corporate #business #investing

China's sovereign wealth fund is in talks to back a roughly $800m investment vehicle that will take stakes in Middle East companies, the latest sign of the growing trade ties between Gulf oil exporters and the world's second-biggest economy. China Investment Corporation is working with Investcorp to put money into the Bahrain-based company's Gulf-focused pre-IPO fund. CIC's investment in the fund, along with that of other major sovereign wealth funds from Abu Dhabi and Saudi Arabia, could be announced as soon as this month. The partnership with Investcorp is part of CIC's plans to look at more deals in the Middle East. The investment by CIC, which manages about $1.3tr, and other sovereign funds has led Investcorp to increase the size of the fund from an initial target of $500m and the company is also planning to broaden the fund's focus to investing across the Middle East and Asia, Bloomberg reported. #Funding #OilandGas #Energy

Mauritius Firm Acquires Sh6.5 Billion Stake in I&M Group. British International Investment (BII) seals a deal worth Sh6.5 billion by selling its 10.13% stake in I&M Bank Ltd Group to East Africa Growth Holding, a Mauritius-based company linked to AfricInvest Group, a private equity investor operating across Africa. BII divests its stake in I&M Group, unlocking Sh6.5 billion in value and facilitating East Africa Growth Holding's entry into the Kenyan market. East Africa Growth Holding, backed by AfricInvest, expands its portfolio with the acquisition, tapping into Kenya's vibrant financial sector and positioning for growth in East Africa. The Competition Authority of Kenya has offered a greenlight for the transaction, showing confidence in the deal's compliance with regulatory standards and encouraging investor confidence in the market. #MauritiusInvestment #IandMGroup #AfricInvest #FinancialSector #Investment #MarketDynamics #RegulatoryApproval

2023 was a record year for the Private Infrastructure Development Group:   🍃 PIDG launched our 2023-30 Strategy, focused on climate action, nature and sustainable development through infrastructure;   📈 Our blended debt fund Emerging Africa Infrastructure Fund surpassed 1bn disbursements, successfully raised additional capital and maintained A2 rating;   ✅ Our guarantee arm GuarantCo had a record year with 10 transactions maintaining its rating of A1- / AA-;     🏗️ Our development arm, comprised of InfraCo Africa and InfraCo Asia, continued to grow and we made progress towards setting up our next credit enhancement facility.   All of this with strong backing from current and new funders: Foreign, Commonwealth and Development Office, Ministerie van Buitenlandse Zaken, SECO Economic Cooperation and Development , Australian Department of Foreign Affairs and Trade, Sida, KfW, IFC - International Finance Corporation, Ninety One, Allianz Global Investors, Standard Bank Group, InfraZamin Pakistan, InfraCredit.

China’s sovereign wealth fund is in talks to back a roughly $800 million investment vehicle that will take stakes in Middle East companies, the latest sign of the growing trade ties between Gulf oil exporters and the world’s second biggest economy. China Investment Corporation (CIC) is working with Investcorp Holdings to put money into the Bahrain-based company’s Gulf-focused pre-IPO fund, according to people familiar with the matter. CIC’s investment in the fund, along with that of other major sovereign wealth funds from Abu Dhabi and Saudi Arabia, could be announced as soon as this month, the people said, asking not to be identified discussing non-public information. The partnership with Investcorp is part of CIC’s plans to look at more deals in the Middle East, the people said. The investment by CIC, which manages about US$1.3 trillion, and other sovereign funds has led Investcorp to increase the size of the fund from an initial target of US$500 million and the company is also planning to broaden the fund’s focus to investing across the Middle East and Asia. Source: Bloomberg News #china #beijing #chineseeconomy #globalfinance #banking #crossborder #investments #middleeast

JUST ANNOUNCED: IFC - International Finance Corporation invested €25 million in the first close of Mediterra Capital Partners III, a private equity fund managed by Mediterra Capital Private Equity that will invest in lower mid-market companies in #Türkiye. The fund will help increase access to funding for local companies, while also promoting the competitiveness of Türkiye's private equity ecosystem. Read more about the fund here: https://lnkd.in/giYDvah4 IFC Europe #PE #PrivateEquity #Türkiye #PEfunds #IFCfunds