Supporting the Enabling Environment | |
Prosper Africa U.S. Institutional Investors Delegation Trip to Egypt | |
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MiDA Advisors supported the Prosper Africa Institutional Investors Delegation Trip to Egypt on May 1st - 5th, 2023. The Delegation Trip took place in conjunction with the Africa Private Equity and Venture Capital Association (AVCA) Annual Conference, the largest gathering of investors focused on African private equity and venture capital, who collectively manage over USD 1.5 trillion in assets.
The Delegation Trip to Egypt brought together 11 U.S. and African delegates representing institutional investors and other financial institutions across the U.S. with aggregated assets under management/advisement totaling over USD $17 trillion. Delegation members participated as panelists in informative sessions during the AVCA conference and attended transaction-focused bilateral meetings with private equity and venture capital funds offering investable products. Other key engagements included meetings with the U.S. Embassy/USAID Mission, the American Chamber of Commerce in Egypt (AmCham), the World Bank, and Egyptian private sector.
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Leading up to the Delegation Trip, MiDA hosted a webinar on April 18th, 2023, in collaboration with the World Bank and Mercer on the current macroeconomic overview of the African continent and highlighted key findings on U.S. institutional investments in Africa. | |
Ms. Sara Alnashar, Senior Economist at the World Bank, expanded the participants’ exposure to African markets. With a particular focus on Egypt, she provided a high-level overview of the role of the World Bank in structuring reform programs and regulations to accelerate economic growth. She highlighted key pre-existing challenges in Egypt and presented key figures related to economic indicators, implications of inflation, as well as the impact of policy adjustments that Egypt recently undertook and the outcomes of it. | |  |
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Mr. Max Messervy, Head of Sustainable Investment at Mercer, spoke about the case for investing in Africa. He shared key information about infrastructure investment opportunities in Africa from two research papers that Mercer and MiDA collaborated on:
Investments in African Infrastructure
Infrastructure Financing in Sub-Saharan Africa
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Scott Cameron, Prosper Africa' Acting Coordinator, spoke to CNBC Africa about the U.S. Institutional Investors Delegation Trip to Cairo and emphasized the need to unlock a viable pipeline of deals across Africa. | | |
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Through the Prosper Africa initiative, the United States will channel about $15.7 billion in two-way trade and investment commitment with African countries. Scott Cameron, Prosper Africa's Acting Coordinator, shared that five separate investor delegation trips have been planned this year to give investors market insights on the perceived and actual risks of investing in Africa, and information about viable investment opportunities. He was spotlighted on CNBC Africa to talk about how this initiative will open up a strong deal pipeline throughout Africa. | | |
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SAVE THE DATE
U.S. Institutional Investors Delegation Trip
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MiDA Advisors is facilitating the Prosper Africa U.S. Institutional Investors Delegation Trip to South Africa on October 1st - 6th, 2023. The Delegation Trip aims to encourage the influx of U.S. private and public capital into Africa by informing and exposing institutional investors in the U.S. to investment opportunities on the African Continent. The Delegation Trip will be essential in helping delegates comprehend the potential for investment on the Continent, improve their ability to distinguish between perceived versus actual risks, build relationships with local asset owners, asset managers, and other key players, and evaluate an investable pipeline of deals across Africa. | |
Prosper Africa Investment Opportunities in Africa booklet
This booklet was produced by Prosper Africa Executive Secretariat and the U.S. Agency for International Development to provide information to facilitate two-way trade and investment between the U.S. and African Countries.
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Supporting Gender Economic Empowerment | |
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Congratulations to WE>MI(Women Empowerment Mentoring and Incubation Fund Manager Program of Southern Africa) Cohort Member, Altree Capital, on receiving Visa grant funding from African Women Impact Fund Initiative. Altree Capital is a fund under Prosper Africa U.S. Catalytic Investment Facility to unlock private capital to drive sustainability in Africa.
Jenni Chamberlain, CEO of Altree Capital Kenya, is the Investment Manager of the Altree Kadzi Gender Climate Fund and is one of the selected fund managers. The Fund invests with a gender-lens and climate-smart approach in sub-Saharan Africa, with a strong East African presence.
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MiDA Makes the Investment Case for Africa | |
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Executive Director Constantine Kandie participated in the 3rd AmCham Business Summit in
Nairobi, Kenya
| March 29th-30th, 2023: Meg Whitman, the U.S. Ambassador to Kenya, is pictured with our Executive Director of East Africa Constantine Kandie at the 3rd AmCham Bussiness Summit in Nairobi, Kenya. The Summit covered key topics to boost trade and investment between the U.S. and Kenya/East Africa. Speakers discussed new opportunities to promote regional economic development and facilitate connections to key business stakeholders, resources, and markets. | |
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MiDA Hosted The CRRH Reception On The Margins Of
The World Bank Spring Meetings
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Read about the CRRH transaction here:
MiDA CRRH Press Release
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April 13th, 2023: MiDA Advisors, Morgan, Lewis & Bockius LLP, and our partners are proud to celebrate the closing of the landmark CRRH (Caisse Régionale de Refinancement Hypothécaire)
transaction on the margin of the World Bank Spring Meetings in Washington, DC.
This innovative blended finance transaction represents a major step towards increasing access to affordable housing in West Africa while deepening local capital markets.
MiDA was honored to lead this inaugural transaction and thanks the dedicated deal team, including Prosper Africa, the U.S. International Development Finance Corporation, DAI INVEST, Bank of America, Brean Capital, LLC, CrossBoundary, BNY Mellon, and Kutak Rock .
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U.S.-Kenya Business Roadshow Launch, NYC April 2023
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Managing Director Roselyn Spencer attended the U.S-Kenya Business Roadshow in New York on April 25th, 2023. Prosper Africa, in partnership with the U.S. Embassy in Kenya, hosted a high-level U.S. business and investor event in New York City to kick off Ambassador Whitman’s U.S-Kenya Business Roadshow. The event showcased Kenya as an investment destination and presented U.S. business leaders with actionable market opportunities in key sectors.
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CEO Aymeric Saha attended the Mercer Global Investment Forum in Atlanta, U.S. on June 5th-7th, 2023
The Global Investment Forum gathered key investor stakeholders for an insightful look at the forces shaping the markets and investment practices. The Forum featured keynote addresses, dedicated content streams for various asset pools, and networking opportunities. The topics covered included sustainable investing, private markets, liquidity, and diversification.
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Managing Director Roselyn Spencer was a panelist at the 2023 Batseta Winter Conference in Johannesburg, South Africa | MiDA Managing Director Roselyn Spencer participated in an insightful discussion on Infrastructure Development: Building On Inclusive Future For Fund Members at the Batseta Winter Conference on June 12th-13th, 2023. The conference included the major pension plans and leading consulting firms in Southern Africa. | |
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Asset TV - South Africa Interviewed Managing Director Roselyn Spencer | |
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Roselyn Spencer Managing Director at MiDA Advisors was interviewed by Asset TV South Africa during the 2023 Batseta Winter Conference. She spoke on MiDA Advisors’ role in mobilizing institutional investment in Africa and other emerging markets and the support it provides to the Asset Owners Forum- South Africa (AOFSA). She also shared her insights on current trends and opportunities for long-term investment for pension funds in the U.S. and Africa. | | | |
Africa's Vast Potential Lures U.S. Investors In Search Of Returns, Impact | |
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Aymeric Saha, CEO of MiDA Advisors, was interviewed by Pensions and Investments. "You as a pension fund trustee have to insist to your consultant or consulting firm that you want to investigate Africa," said Aymeric Saha, chief executive of Washington-based MiDA Advisors. MiDA works with U.S. pension funds, insurance companies, endowments and foundations, and their consultants to educate and expose investment opportunities in Africa.
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U.S. Investors Could Achieve Returns While Addressing
Africa’s Infrastructure Needs
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MiDA Associate Director Yeabsira Zewdie wrote about the opportunities and challenges within the African investment landscape and provided insights on facilitating institutional capital flow in Africa to reduce the financing gap in key sectors like Energy and Infrastructure in the African Business magazine. She highlighted MiDA Advisors' support to thE Prosper Africa's initiative to educate and equip U.S. institutional investors with timely data and analysis of potential investable products on the Continent generating attractive returns while making a significant impact within the community.
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The Intergovernmental Panel on Climate Change (IPCC) released its 6th synthesis report in March 2023, summarising the current state of knowledge of climate change. The report highlights that greenhouse gas emissions generated by human activity have unequivocally caused global warming, and emissions have continued to rise, with some countries and groups contributing far more than others. | | |
As a new era unfolds, how should Africa calibrate? | This note introduces a new report series that will attempt to steer the African narrative towards attuning to the structural changes in train across the globe. Indeed, in the aftermath of the Covid-19 pandemic, as society yearns for a return to the familiar, stability and calm, we question whether the evolving global business cycle will largely revert to the pre-pandemic pattern. Instead, we posit that the world may be on the cusp of a new age unfolding. | | |
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These research reports may not be re-distributed to any other person without Standard Bank Group Securities express written consent.
The reports are from an independent third party. MiDA advisors does not have influence or input into the contents of the report. The reports are distributed solely for information purposes and are not intended for solicitation.
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The information, tools and material presented in these reports are provided to you for information purposes only and are not to be used or considered as an offer or the solicitation of an offer to sell or to buy or subscribe for securities or other financial instruments. SBG Securities may not have taken any steps to ensure that the securities referred to in this report are suitable for any particular reader.
SBG Securities Research may not be distributed to the public media or quoted or used by the public media without the express written consent of the Standard Bank Group.
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Marcyrl attracts new investment from DPI and Amethis
Investment to drive innovation and help expand access to specialty drugs across Africa
DPI Press Release
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