News
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Africa: the Growth Continent for Private Equity
From 15-17 November the 8th Annual Private Equity Conference will take place in Cairo, Egypt. This year’s theme is Africa: the Growth Continent for Private Equity. A long and impressive list of speakers includes Mr. Vijay Mahajan, author of the book ‘Africa Rising’, and Mr. William J. Kramer, President of The Global Challenge Network. Amongst the attendees will be Minister Elton Mangoma, Minister of Economic Planning for Zimbabwe as well as a list of high profile international investors, key Egyptian and other African government officials and a significant number of Africa focused private equity funds. FMO’s CEO Nanno Kleiterp will address the attendees with a welcoming speech.
"The main goal of the Conference is to highlight the investment opportunities on the continent, which can provide ROIs exceeding all expectations. Recently, Africa has witnessed major improvements such as those in its communication networks, which have helped investment to flourish, especially in the agricultural sector. This has encouraged the IMF to launch several projects which have served to speed up the development process and the continent is now one of the most attractive markets for investment," said Mr. Troniak, AVCA Vice-Chairperson at a press conference one month ago.
FMO has supported the African Venture Capital Association since the very beginning. The AVCA brings together all those involved in private equity across Africa, as well as those interested in Africa's emerging market potential. It serves as a platform to generate ideas, exchange knowledge and connect visions. Over 350 investment professionals and companies are expected to attend the conference this year. Africa is FMO’s largest region, with a portfolio of just over USD 1.0 billion. FMO started investing in African private equity funds in 1996, when there were only 3 funds operational. Today this number is 140 and FMO is active in 38 funds. Private equity funds are an excellent intermediary for FMO and other development banks, to reach the African private sector entrepreneurs and create development impact.
www.avcaegypt2009.comAbout FMO
The Netherlands Development Finance Company (FMO) is the international development bank of the Netherlands. FMO invests risk capital in companies and financial institutions in developing countries. With an investment portfolio of € 4.2 billion, FMO is one of the largest bilateral private sector development banks worldwide. Thanks in part to its relationship with the Dutch government, FMO is able to take risks which commercial financiers are not - or not yet - prepared to take. FMO's mission: to create flourishing enterprises, which can serve as engines of sustainable growth in their countries.
Press contact:
Nicoline van Slingelandt
Communications Officer (PR)
T: +31 70 314 9790
M: +31 622 563 047
E: n.van.slingelandt@fmo.nl
