APC was able to develop solutions for both capital expenditures and working capital, granting the necessary flexibility to support the envisaged growth of Mbasira. On one hand, APC’s objective is to support the immediate financial needs of its clients and prepare the longterm horizon of its clients. This can be achieved through personalised financial service along with a deep review of the company’s management operations, Tnani says. Growth in trade finance activity across Africa, Jersey’s Value to the African Opportunity, Linking rail logistics chains with the Southern African Development Community. Part of the facility will be used to finance the new milling process facility and new warehouses. AfricInvest Group | 9,729 followers on LinkedIn. 2019, AfricInvest’s silver anniversary, presents the perfect moment for a deep dive into our shared history and, what turned out to also be the story of the creation of the African private equity ecosystem.. FMO interviewed two of the founding partners Aziz Mebarek and Ziad Oueslati, and Ben Zwinkels, former FMO Investment Officer and current Chairman of AfricInvest. From a foreign currency risk management perspective, the transaction benefits from a natural hedge as most of the export revenues are denominated in US dollars, says Cremer. It may redefine the approach to conducting business in the region. Uniquely positioned as one of the most experienced private equity investors on the continent, AfricInvest has dedicated investment teams focused on Africa, and employs 80 professionals in eleven offices . It targets SMEs with annual revenues below $15m and total assets of $15m maximum with less than 300 employees. The presence of a collateral manager allows for close monitoring of the company’s operations and stock volume, and therefore the potential to adapt the facility. APC can also offer cross-border facilities for entities that are part of the same group. Having raised over over EUR 1.2 billion for its funds, the company boasts more than 150 investments across 25 African countries, making it one of largest private equity firms of Africa. To support our activities, we are increasing our local presence to get closer to businesses and we aim at being more active in the coming years,” Tnani concludes. AfricInvest, a private equity firm in Africa with USD1.5 billion in assets under management, and Cathay Innovation, a global venture capital fund, created in affiliation with Cathay Capital Private Equity, have launched a pan-African venture fund, the Cathay Africinvest Innovation Fund. Although local banks in the region have been supportive of local companies, Covid-19 has had a detrimental impact on the banks’ appetite in terms of new loans. Founded in 1994, AfricInvest is a leading Equity, quasi-equity and private debt provider in Africa. AfricInvest started as a traditional small and mid-cap private equity fund, but over the years had expanded into multiple adjoined investment strategies. The life of SMEs seeking investment can be bumpy, particularly in emerging markets, and adequate financing is necessary to maintain these companies on their route of viability and sustainability. Tanzania’s Mbasira Food Industries is a grain trading company with a need for financing. Small and medium-sized enterprises (SMEs) represent an essential component of the sub-Saharan Africa (SSA) economy and represent nearly 90% of all businesses in the region, according to the International Finance Corporation. In order to close the $120 billion #tradefinance gap in #Africa, the region comes together to democratise transactions through #digitisation. The unexpected ban of maize grain exports in 2017-18 required the company to devise a strategy to hedge the risk of another ban on the company’s export revenues, leading the firm to add maize flour processing to the business plan via the establishment of a milling facility. Therefore, we do not expect Mbasira’s business model to be affected by the COVID 19 situation,” says Malongo. It was originated via the electronic platform Orbitt, which acted as deal facilitator, says Tnani. “APC remains open for business and we keep working on new transaction opportunities. The EIB is not a shareholder in AfricInvest, but a Silent Partner in AfricInvest North Africa, a partnership set up with the purpose of partially financing AfricInvest’s deals in the Mediterranean region. AfricInvest and SPE Capital funds among first backed by DFC June 7, 2020 Funds , Private Equity 0 To read this article, you must be a paid subscription member. investment criteria in Oikocredit invested in both AfricInvest Fund I and II. Movement restrictions have had an impact on businesses, but from a credit perspective, there is opportunity to assess the resilience of businesses and the quality of their management in time of crisis. AfricInvest Private Credit (APC) closes $4 million trade facility using Orbitt platform October 5, 2020 (October 14, 2020) In association with African Business Magazine , market leaders in providing country supplements, industry reports and market intelligence on Africa. The revolving credit facility (RCF) will allow the company to substantially increase its purchasing power and thereby provide a route to market for small-scale farmers, says Cremer. total privacy and confidentiality, Find investors for your clients and develop new business leads for your investment services, Match with potential investors to raise capital and support your growth strategy. The group provides equity and debt services and targets SMEs across the African continent. APC has designed a $4m facility for the company to support its expansion plans and new activity. AfricInvest, a leading Pan-African private equity platform, is pleased to announce that its AfricInvest Financial Inclusion Vehicle (FIVE) has acquired a minority shareholding in I&M Bank (Rwanda) Plc (the Bank) through AfricInvest Evergreen Investments, a special purpose vehicle formed by AfricInvest. Africinvest is an investment and financial services company. AfricInvest Private Credit (APC) closes $4 million working capital facility using Orbitt platform October 14, 2020 Small and medium-sized enterprises (SMEs) represent an essential component of the sub-Saharan Africa (SSA) economy and represent nearly 90% of all businesses in the region, according to the International Finance Corporation. APC can also offer cross-border facilities for entities that are part of the same group. To read this article, you must be a paid subscription member. The remaining part is structured as a working capital facility that will be used to increase grain purchase volumes. From a business perspective, the situation remains challenging globally, given both health and economic considerations, says Malongo. He has a long career of 25 years in SME-banking. With this new line of business and based on the projected demand for maize flour, the company’s earnings before interest, taxes, depreciation, and amortisation (EBITDA) margin is expected to increase four-fold by 2022. APC requires its clients to develop a clear management organisation, and supports them in reaching international standards of governance. Part of the facility will be used to finance the new milling process facility and new warehouses. Université Laval. Although local banks in the region have been supportive of local companies, Covid-19 has had a detrimental impact on the banks’ appetite in terms of new loans. AfricInvest Private Credit in Rwandan medical supply deal. Read this Deal of the month, including Deal tracker and more via African Business Magazine, In order to close the $120 billion #tradefinance gap in #Africa, the region comes together to democratise transactions through #digitisation. AfricInvest counts over 80 investment professionals located across 11 … Tnani sees Covid-19 as a challenge as well as an opportunity for APC. Movement restrictions have had an impact on businesses, but from a credit perspective, there is opportunity to assess the resilience of businesses and the quality of their management in time of crisis. With restrictions on international travel, the Orbitt platform creates bridges between financial institutions and SSA corporates seeking finance. AfricInvest was founded in 1994 and is part of Integra Group, an investment and financial services company based in Tunisia. (Current members login here) Funds AfricInvest IV swells to $200mln+ with new DFI backers July 5, 2020 1. Webinar: Will African businesses become a key trade and investment partner for the Middle East?
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