Growth through Private Equity Investments in Africa ?· Growth through Private Equity Investments in…

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  • WELCOME

    AFRICAN DEVELOPMENT BANK GROUP PRIVATE SECTOR OPERATIONS

    Growth through

    Private Equity Investments in Africa

    9th June 2011 from 8.30 AM to 5.30 PM Lisbon Congress Center-Auditorium III

  • For the African Development Bank (AfDB) Private Equity (PE) is a key pillar for the development of the private

    sector in Africa. Over recent years, the AfDB has strongly grown its private equity investment activity and

    has committed more than USD 1 billion to private equity investments, with the majority being indirectly

    through private equity funds. These investments have helped develop investor interest in African Private

    Equity, both domestic as well as foreign, at a time when the number of private equity funds operating in

    Africa grew from a handful in the early 1990s to well over 200 at present. AfDBs support to the Private

    Equity Industry plays a critical role in strengthening the profile of the African PE industry and thereby in

    stimulating the flow of capital to the African private sector. The AfDB also believes that, the African Venture

    Capital Association (AVCA), as the industry association for the continent has a central role to play in further

    establishing a strong African Private Equity industry. Private Equity investments enhance the private sector

    development in vital sectors for the continents growth including infrastructure, agribusiness, health, SMEs,

    Financial etc.

    Private Equity Investments hold the promise of accelerating private sector growth on the continent due to

    their ability to simultaneously address the financial and human constraints. They inject much needed capital

    into investee companies and actively participate in the management of these companies, helping to transfer

    valuable technical and managerial skills, improve corporate governance, and generally improve

    international best practice in business management. Indeed, Private Equity funds offer a mechanism through

    which experienced business building skills can be deployed across simultaneously to the benefit of several

    business entities.

    The side event will provide a unique platform for private equity industry participants to showcase the African

    private equity asset class. It will include portfolio company case studies to help illustrate the positive power

    of private equity investment. The event will include panel discussions on themes of interest to the broader

    African PE Industry as well as AfDBs shareholder base and potential investors.

    The objective is to:

    Expand the knowledge of PE in Africa and AfDBs role in developing the industry.

    Highlight the continents huge potential for profitable investment.

    Within the wider ADB network and ecosystem, provide a networking platform for Fund Managers, CEOs,

    AfDB Shareholders, Private Investors, Development Financial Institutions (DFIs), and Sovereign Wealth Funds

    (SWFs).

    Encourage partnerships with organizations and institutions to reinforce efforts of attracting further private

    sector investment into the continent.

    Encourage partnerships with organizations that are already investing on the continent and efforts made to

    encourage larger scale investment.

    Showcase case studies provided by General Partners and Entrepreneurs.

  • 8:30 - 9:00 Registration and Welcoming Tea/Coffee

    9:00 -9:30 African Development Bank (AfDB) Welcoming Sessions Tim Turner - Director, Private Sector and Micro-Finance Department, AfDB

    The role of AfDB in developing Africas Private Equity industry Martin Poulsen - Chief Private Equity Officer, AfDB

    9:30 - 10:10 African Private Equity The Central Role of Industry Associations

    African Private Equity set in a global context Carlos Perry COO, Emerging Markets Private Equity Association (EMPEA)

    The African Venture Capital Association (AVCA)s Role in Strengthening the African Private Equity Industry

    Tshepidi Moremong Chairperson of Board, African Venture Capital Association ( AVCA)

    10:10 - 10:30 Coffee Break

    10:30 -11:50 Panel Discussion I: How to access African and International Private Equity Investors? Moderator: David Ashiagbor - Economic Advisor, Commonwealth Secretariat

    How do Sovereign Wealth Funds, Pension Funds, Insurance Companies look at the opportunity?

    What is the link between domestic and international LPs?

    Panelists: Nkosana Moyo Vice-President, COO, African Development Bank Ephraim Letebele CEO, Botswana Public Officers Pension Fund (BPOPF) Michael Addo Independent Consultant and Former General Manager,

    Investment, Social Security and National Trust Insurance Tshepo Mahloele CEO, Harith Alessandra Pasian Senior Banker, European Bank for Reconstruction &

    Development (EBRD) William Knight Senior Adviser, Homestrings /Campbell Lutyens

    11:50 - 13:00

    Fund Managers Showcase Selected fund managers to be invited to make brief presentations on their achievements to date.

    AGENDA

    PROGRAMME

  • Moderator: Carlos Perry, COO, Emerging Markets Private Equity Association (EMPEA) Showcased Fund Managers:

    Ron Den Besten Managing Partner, Aureos Advisers Limited Panos Voutyritas - CIO, Kingdom Zephyr Mehdi Tahiri CEO, Argan Invest Aziz Mebarek Partner, Tuninvest Stephen Murphy Managing Director, Citadel Capital John Taylor Director, New Africa Mining Fund

    13:00 - 14:00 Lunch

    14:00 - 15:00 Panel Discussion II: Strengthening the African Private Equity Ecosystem: how to lift African Private Equity to the next level? Moderator: Tokunboh Ishmael, African Venture Capital Association (AVCA)

    The General Partners Community how to enhance collaboration?

    Which aspects of the ecosystem need strengthening? By whom?

    How can the DFIs help?

    Speakers: Bobby Pittman - Vice president, Infrastructure, Private Sector & Regional

    integration, AfDB Papa Ndiaye CEO, AFIG Advanced Finance & Investment Group Nick Rouse Managing Director, Frontier Markets Fund Managers Tarun Brahma - Senior Investment Officer, FMO Sunil Benimadhu - CEO, The Stock Exchange of Mauritius

    15:00 - 17.00 Entrepreneurs Showcase Selected entrepreneurs backed by PE funds will be invited to make brief presentations of their achievements. Moderator: Runa Alam - CEO, Development Partners International ( DPI) Speakers:

    SourceLink Pharma (South Africa) represented by Max Coppoolse, Managing Director, Investment Fund for Health in Africa

    Altea Packaging (Tunisia) Slim Zeghal, CEO Rouiba (Algeria) Slim Othmani, CEO Indusalim (Morocco) - Othmane Belhoucine, Managing Director Consolidated Infrastructure Group (South Africa) - Raoul Gamsu, CEO Real People (East Africa) - Werner Nel, Head of Treasury, Gentec Energy Plc. (Nigeria) - Dipi Khilnani Shareholder & Project

    developer and EME & A Project Company ( Nigeria) - Andrew P. Stone, General Manager

    Main One Cable Company (West Africa) - Babatunde Dada, CIO

    17:00 - 17:30 Cocktails and opportunity for final visit of stands and further networking.

  • Nkosana D. Moyo is a national of Zimbabwe. He holds a PhD in Physics from Imperial

    College, University of London and an MBA from Cranfield School of Management, UK,

    an Eisenhower fellow. He is married and has two children.

    Before joining the AfDB, Dr. Moyo served at Actis Capital LLP as partner and Chairman

    of the Actis Africa Advisory Board. He also served on the boards of a number of

    companies in the cement, sugar, finance, tourism, mining, airline and food sectors. He

    served as well as Minister of Industry & International Trade of Zimbabwe.

    He is currently on the Board of Trustees of the Investment Climate Facility (ICF) and a

    Co-Chair of the World Economic Forum Global Agenda Council on the future of Africa.

    AFRICAN DEVELOPMENT BANK GROUP

    AfDB STAFF:

    Dr. Nkosana D. Moyo

    Vice President & Chief Operating Officer, African Development Bank

  • Bobby J. Pittman

    Vice-President for Infrastructure, Private Sector, and Regional Integration, African

    Development Bank

    Bobby J. Pittman is the African Development Bank's Vice President for Infrastructure, Private Sector, and Regional Integration.

    In this capacity, he leads a team with the mission to mobilize and deploy finance, expertise and partnerships for infrastructure, private sector and regional integration in order to contribute to the development and social progress of Africa. Mr. Pittman manages a portfolio of more than $23 billion in active projects across 52 African countries, including more than $7 billion in non-sovereign operations.

    Previously, Mr. Pittman held senior positions at several U.S. government agencies, including the National Security Council, Treasury Department, State Department and White House.

    From 2006 to 2009, he served as the Special Assistant to the President and Senior Director for African Affairs in the White House. In that capacity, he was the President's lead advisor on Africa issues as well as the Presidents Africa Personal Representative (APR) to the G8. During his tenure, Mr. Pittman was part of a White House team which oversaw the largest increase in foreign assistance for Africa in U.S. history, including the design and execution of key initiatives such as the Africa Financial Sector Initiative, Presidents Malaria Initiative (PMI), Pres

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