2018 Southern African Investor Trip
Private equity, impact investors and financial institutions from US, Europe, South Africa, Botswana and Zambia were presented with projects across agribusiness including bioplastics from cassava, renewable energy including biofuels and geothermal energy, infrastructure including eco-housing, transport, logistics and warehousing and gold mining. Projects sought both debt and equity and deal sizes ranged from USD 300k to USD 200M.
4IP Group, a Swiss-based leading Alternative Investment and Financial Advisory Boutique, presented the afternoon Entrepreneurs’ Showcase with pitch decks from a selection of start-up projects across Zambia and Sub-Saharan Africa and Ernst Young Zimbabwe discussed the reasons behind growing investor optimism for investment in Zimbabwe.
A fantastic panel discussion on developing local Zambian capital markets was arranged and moderated by Joseph Mate, Head of Africa for Qbera Capital. Thanks to Mr Muchindu Kasongola (President, Capital Market Authority of Zambia), Ms Taolo Modisi (CEO, Alpha Reign) and Mr. Jito Kayumba (Partner, Kukula Capital) for their frank insights into the impediments and potential incentives for local investment into private equity. The panel argued for recognition of Private Equity as an investable asset class under the Zambia Pension Scheme Regulation Act, called for coherence in regulations across the financial sector and proposed that local funds commit a small percentage of funds under management to alternative asset classes to develop local capital markets.
This topic is a recurring theme across the African Investment trips throughout the continent and we are encouraging submissions from Venture Capital groups, Impacts Investors, Business Accelerators and Incubators to help highlight the importance of funding for alternative asset classes.
Thanks to Maria Zaloumis (CEO, Tuzini Tomato Farms) for an onsite tour of her expanding tomato operation and to Phil Daka and the team at the Lusaka Securities Exchange for hosting a group of us at the LuSE.
We look forward to returning to Lusaka, Zambia in June 2019.