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10th Annual AVCA Conference 8th – 10th April 2013

The AVCA Annual Conference provides the private equity and venture capital industry in Africa with the most important platform to discuss the most pertinent opportunities and issues of the year. The 10th annual gathering was held at the Westin Hotel in Cape Town from the 8th to the 10th of April 2013.

William Jimerson, Musa Capital Managing Director was a panelist at the event on the topic “Views on African private equity from the top institutional investors”

Discussions were mainly centered on the below:

  • Private equity in the South African market is the most established on the African continent. What’s more, M&A activity in this market continues to dominate deal flow in Africa. Can – and should the South African model of doing private equity be replicated in other markets across the continent?
  • It may not be a model that can be replicated or which is suitable for other African markets. But what are the lessons that have been learned in the South African private equity industries that are applicable to other African markets?

Other panelists included Thierry Dalais (Chairman, Metier), Gerben Djikstra (Investment Principal, Investec Asset Management) and Soula Proxenos (Managing Partner, International Housing Solutions)

For more information on the conference please visit: http://www.avcaconference.com/

Tech Should Be Integrated In Business For Higher Investment Allure

William Jimerson, executive director at Musa Capital, believes the key to increased African investment lies in the integration of technology in business.

Jimerson spoke to HumanIPO at the African Venture Capital Association (AVCA) Alpha conference last week in Cape Town, South Africa. HumanIPO reported last week on the perspectives of other investors at the conference, emphasising Africa’s need for proper infrastructure to attract more investment.

Coming from an engineering background himself, Jimerson believes technology is a “core industry”, also in Africa. The investor said: “I love tech, but my view is on both sides of the business.” Technology and investment collaboration or raising funds for partners will enhance African business operations, increasing investor attraction. “People need stuff, they need telecommunications,” he pointed out.

To Jimerson, technology investments mean the use of technology as a platform for a broad-based service to satisfy the needs of the market. Adding software solutions to systems which are primarily automated, as well as cell phone banking and other “seamless” platform integration of technology are such examples. “We invest in it as a tool to deliver basic services,” the financial expert explained about the operations of Musa Capital.

As financial needs are quite high on the continent, help from abroad in the form of investments can collaborate tech-wise with the analysis of credit, system improvements and credit assessment, he added.In this way, “first world technology can be adapted to the African market,” he explained.

This will also solve another obstacle posing risk to African investments – the lack of track records resulting in mistrust from potential international investors, as pointed out during a panel discussion at the AVCA conference.

Musa Capital’s main investments in Africa are 75 per cent in Southern African Development Community (SADC) countries of which 82 per cent lies in South Africa, with the rest in West African countries such as Nigeria, Zimbabwe and Zambia. Future investments in Uganda, Senegal and Ghana are also planned.