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We hope that our MiDA newsletter finds you all safe and well. We are grateful for this new quarter and look forward to working alongside you to educate, empower and effect new opportunities. MiDA Advisors continues to take steps toward increased relations between U.S. and African markets with some exciting announcements on the way!
This newsletter highlights the exciting launch of the new transaction led by MiDA, our joint publication with Mercer and Standard Bank on investing in African infrastructure, and our upcoming Asset Owners Forum Launch in South Africa. It also highlights new co-investments MiDA announced with US and African institutional investors.
We hope these last few months of the year are both productive and positive for each of you as we look to welcome 2022.
Warm Regards,
Aymeric Saha and the MiDA team
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White House Announces USD $320m Housing Finance Transaction Arranged by MiDA Advisors at Financial Times Africa Summit
Dana Banks, Senior Director for Africa for the White House National Security Council, announced a pioneering investment at the Financial Times Africa Summit. Caisse Régionale de Refinancement Hypothécaire (CRRH) – a West African mortgage refinancing company headquartered in Togo – is using Prosper Africa support to help raise more than $300 million to expand financing for West Africa’s homeowners.
This investment will mobilize private capital from U.S and African institutional investors into West Africa’s housing sector, significantly increasing access to affordable housing across the region. MiDA Advisors is the Lead Transaction Advisor in this transaction under a technical assistance agreement under USAID INVEST.
Read Prosper Africa Fact Sheet Here
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MiDA announced recent U.S. and African institutional capital allocations into Africa focused funds. This represents a significant accomplishment in USAID’s mission to identify and facilitate investment opportunities for U.S. institutional investors alongside African institutional capital in Africa's key sectors and enterprises.
Some of the institutions that co-invested in these funds include:
- Chicago Teachers’ Pension Fund
- Kenyan Pensions Funds (members of KEPFIC)
- City of Philadelphia
- Eskom Provident Pension Fund (EPPF) - South Africa
- City of Hartford Pension Commission
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Infrastructure Financing in sub-Saharan Africa: Opportunities and Impact for Institutional Investors | |
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MiDA would like to thank Council members for your support for the successful publication of the MiDA-Mercer Joint Publication Part II
Part II of the Mercer Publication has launched! For this second publication, we partnered with Standard Bank Group, the leading financial institution in Africa, to survey and analyze in greater detail various case studies presented in this report. Our analysis revealed unique insights on the financing of several projects across sub-Saharan Africa involving institutional investors.
The publication will be available to the general public in the coming weeks - please stay tuned for a new publication virtual Hub on the Standard Bank Group website, along with exciting publication showcase sessions in upcoming events!
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Asset Owner Forum South Africa Official Update
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We are pleased to announce the official launch of the Asset Owners Forum of South Africa will be held on Friday, November 19, in South Africa!
This hybrid event (virtual and in-person) will serve to officially launch the Asset Owners Forum South Africa, a Forum of some of the largest South African pension funds under the auspices of Batseta. This Forum serves as the first effort of pension funds in South Africa collaborating and in alignment with SA government economic development initiatives, to invest in infrastructure and other alternative projects that supports local economic development.
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WE>MI Programmatic Update | |
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MiDA Advisors is proud to be working with our on the ground partner, SAVCA, to implement this critical USAID funded program. The Women Empowerment Mentoring and Incubation (WE>MI) Fund Manager Program inaugural cohort of 12 women-owned firms in Southern African is completing the technical support of the program, and we are gearing up for the investment facility support.
As we prepare for the investment facility phase of this program, we are calling on our partners members to come alongside us to provide your guidance, feedback and support to ensure the success of these women-owned firms that will play key roles in supporting women-owned businesses and communities in Southern Africa.
Please contact us for more information and how to get involved.
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MiDA Advisors Welcomes Peter Karanja to the
East Africa Team
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MiDA Advisors welcomes Peter Karanja to the MiDA team! Based in Nairobi, Kenya, Peter is a Senior Associate and East Africa Transactions Lead. He has specialized skills and experience in financial advisory services. Before joining MiDA, Peter worked as a Finance Advisor at SNV-Netherlands Development Organization supporting county governments, regulatory bodies, private sector, and local communities. | |
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Climate Change Macro Research | |
Climate change has found its way into every area of development in the past few years, and now the financial sector is poised to create positive impact in climate resilience and adaptation efforts. Standard Bank Group's recently published research that sets the scene for the challenges climate change poses on the Continent, and the opportunities available for the financial sector to provide positive solutions.
*This research is an Independent Third Party Research where MiDA Advisors has no influence or input into the contents of the report. This report is being distributed solely for information purpose and is not intended for solicitation.
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The World to Africa Survey is Open
We're excited to participate in a global benchmarking campaign in partnership with Standard Bank, BNY Mellon, AVCA, SAVCA, Global Custodian and the Value Exchange - to help you shape your new path for investing in Africa.
Please take 10 minutes to share your views - and we will send you a detailed scorecard of your responses benchmarked against your global peers.
This survey is available through the end of October.
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Business Collaborative Exchange Event | |
The Business Collaborative Exchange is an innovative initiative conceptualized by ABSIP in SA and NASP in collaboration with the South African Consulate in New York.
The main objective of the business exchange event is to provide an engagement platform for investors to engage and explore investment opportunities in South Africa and the rest of Africa.
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Africa Finance Corporation Plans $500 Million Infrastructure Climate Resilient Fund under newly created asset management division, AFC Capital Partners | |
As part of its drive to address Africa’s vulnerability to climate risk, Africa Finance Corporation (AFC) has created an independent asset management arm, AFC Capital Partners, with a debut offering: the Infrastructure Climate Resilient Fund (ICRF).
Read More
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The Value of Bonds Listed on African Markets Hit CFA536.1bln in H1 2021 | |
The total value of bonds issued on African markets by governments and companies reached $536.1 billion over the first half of this year. The figure is provided by the South African banking group ABSA in its African Financial Market Index.
Read More
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2021 Africa Financial Market Index (“AFMI”) | |
African economies are undergoing a significant period of transition and appraisal, with growing foreign investment interest and much examination of the continent’s potential for mobilizing local resources. Now in its fifth year, the index has become a benchmark for the investment community and Africa generally to gauge countries’ performance across a host of indicators important for financial market development.
Read More
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