Manufacturing Africa was present at the 19th African Venture Capital Association (AVCA) Conference that was held in Cairo, Egypt in early May. AVCA is the largest Africa-focused private capital gathering globally that brings together donors, private equity (PE), venture capital (VC), impact funds, angel networks as well as companies seeking investment.
This year the summit gathered over 700 delegates from more than 50 countries around the world and attracted investors who collectively manage a portfolio worth over $1.5 trillion in assets.
MA’s strategic participation at the forum was aimed at connecting with private capital providers that may have an interest in investing in our pipeline of supported companies and connecting with private capital providers who may have deals in their pipeline that MA can support in de-risking. The programme was ably represented by Ms. Yasmin Osaghae, MA’s Nigeria Country Coordinator who attended the PE and VC conferences and drove engagements with critical stakeholders.
Discussions at the summit were facilitated by more than 100 industry expert speakers. Conversations revolved around the wins and pitfalls of investing in Africa, possible systemic changes required to build sustainable growth in the industry; essentially fostering dialogue on how managers have navigated challenges and realized success on the continent.
During the four-day event, the MA representative held several engagements with delegates at the forum and established valuable connections with more than 15 institutional investors who expressed interest in reviewing the MA company pipeline for possible collaboration.
Events such as this will hasten MA’s mandate of helping manufacturing companies attract FDI by matching investors with Africa’s opportunities toward improved human outcomes and economic prosperity.
