In 2013, Sub-Saharan Africa saw $1.6billion worth of private equity investment, which is the highest level in the last 5 years. 2014 is projected to be an equally active fundraising and investment year for the continent. Analysts say that the increasing levels of consumer spending and discoveries of large natural resource deposits has been the main attraction factor. Indeed, there is a ‘gold rush’ underway.
Where are these billions being invested? And more importantly, has the continent truly experienced the developmental benefits that come with receiving such huge amounts of money?
In this panel, private equity experts will discuss the areas and industries, which they consider to be Africa’s prize jewels and the opportunities and challenges that might be faced as investors flock to invest.
Focus of Discussion:
Dabo is an Investment Officer at African Capital Alliance (ACA), a $700mm+ Africa-focused private equity fund, responsible for Energy Infrastructure investments as part of broader multi-sector investing duties.
Prior to joining ACA, Dabo was an Investment Officer and Vice President at Morgan Stanley Infrastructure Partners, a $4 billion global Infrastructure investment fund, in New York. He had previously worked as an investment banker at Lehman Brothers (later Barclays Capital) where he focused on Mergers and Acquisitions advisory. He began his career as a Chemical Engineer in Texas.
Dabo holds a B.Sc. in Chemical Engineering from the University of Texas at Austin, MPA from Columbia University and MBA from New York University.
Gilles is the leader of PwC’s African Tax Group and he is permanently assigned to the Foreign Tax Desk Program in New York.
Gilles started his career with PwC 17 years ago in Cameroon and Chad and he moved to the US approximately 5 years ago where he virtually created the African tax practice. Gilles’ key area of expertise is in creating solutions for groups investing in Africa, including tax efficient holding and financing company structures, tax efficient profit, cash repatriation techniques, and M&A. Gilles has extensive experience providing services in the Francophone Africa region.
Gilles holds a Masters Degree in International Taxation from the University of Aix en Provence/ France as well as a Masters Degree in European Law from the University of Dundee / Scotland. In addition, he is also a registered French lawyer (Paris Bar Association).
Mr. Eric-Vincent Guichard is currently the Chairman and Chief Executive Officer of GRAVITAS Capital Advisors, Inc. He is the founding member of GRAVITAS Capital (1996-current). Eric advises global and sovereign institutional assets. He runs the Sovereign Solutions Practice, which includes innovative macro solutions such as the Sovereign Debt Redemption Fund Ltd, and the Pension Support Fund Ltd. Eric also manages GRAVITAS’s Tactical Allocation Fund, LLC.
He received a 2009 Risk Innovator Award for Finance from Risk & Insurance Magazine. In 2011, Eric founded Homestrings.com, an electronic investment platform that caters to members of the Diaspora. Homestrings.com showcases vetted investment projects and funds that focus on development objectives chosen by the Diaspora. These projects and funds range from infrastructure to healthcare.
He serves on several non-profit boards, including: the Center for Financial Policy – an academic think tank on policy reform; Capital Partners for Education – an inner city mentorship program; and OIC International – an initiative that encourages economic self-reliance in Africa. Eric lectures internationally on Investments; Risk Management; Entrepreneurship; and on Corporate Strategy. He has published articles on Global Financial Markets and Regulation; Corporate Incentives and Human Behavior; and on the U.S. Sub-prime Mortgage Crisis.
Eric is a graduate of the University of Dakar, in Senegal; of Duquesne University in Pittsburgh; and of the Harvard Business School, where he earned his MBA (World Bank Scholar and Harvard Fellowship award).
K&A Private Equity CEO Ephra Kazadi was born in the Democratic Republic of Congo, Kinshasa. Kazadi received his Bachelor of Science in International Finance from Ecole Superieur de Gestion et Finance in 2004. A year later, he received his Diamond Grader certificate from the International Gemological Institute. He then started his first diamond consulting company in Mbuji-Mayi, Congo where he traded diamonds between Africa, Europe, and the United states.
In 2008, he started a mining and metals consulting firm in Paris to compete with Middle Eastern and Chinese investors in Africa. Profits from that endeavor-helped kickstart K&A.
K&A invests in companies that concentrate on mining, agricultural production, oil and gas extraction, and construction products. The company aims to nurture the relationship between American investors and African businesses by recruiting and creating new jobs. Earlier this year K&A relocated to New York in order to be nearer to American investors that are increasingly showing more interest in the African market. It is the first African fund on Wall Street that primarily targets African businesses.
His success has led him to be named on Forbes Magazine’s “Africa’s Best Talents” list. While K&A is fundamentally a business venture, Kazadi is also clear that its mission is grounded more generally in African progress: “we know that we can bring change and improvement in Africa,” he says.
A founding partner of CBO Capital, Chuka Mordi was previously Head of Infrastructure Financing at First City Monument Bank.He began his career at SBC Warburg, & then as an Equities Analyst for Hardman & Co. Ltd. where he focused on UK AIM stocks.He then moved to Investment Research and Advisory Services at Intersec Research Corporation and subsequently,European equities at Société Générale Asset Management (SGAM).
In the last five (5) years at CBO, Mr. Mordi has been jointly responsible for servicing over 50 mandates, with a transaction value of over $2bn dollars, whilst investing over USD50million on a principal basis, and developing the firm’s current transaction pipeline.He is a board director of Union Dicon Salt Plc (a Nigeria Stock Exchange listed company) & member of the Chartered Institute of Bankers Of Nigeria (CIBN). He has a B.A. Philosophy from Kings College, University of London.