News Column

Venture Capitalists to Boost Investment in Nigeria

February 16, 2014

Nume Horsfall



The African Private Equity and Venture Capitalists Association (AVCA) has expressed its preparedness to promote investment opportunities in Nigeria.

Speaking at a media briefing to announce its forthcoming annual conference scheduled for March 31st and April 2nd, the Chief Executive Officer, AVCA, Mrs. Michelle Kathryn Essome, noted that private capital in Africa is focused at strengthening investments.

"Private equity and venture capital plays a crucial role in financing the small and medium scale enterprise (SME) sector, the engine of economic growth the world over. Private equity fund managers also play a key role in helping management to establish governance structures and growth plans, leading to more sustainable businesses," Essome said.

With investment figures increasing to about $3 billion in 2013, she noted that private capital in Africa seeks to support hundreds of local businesses looking to build their potential. One of AVCA's key merits, according to her, is to provide leading industry research to support the private capital ecosystem in Africa.

At this upcoming conference, she said AVCA would launch the first ever pan-African survey focused on private equity. The survey would appraise the sentiments of investors from across the globe on private investment opportunities in Africa.

In addition to this, she explained the AVCA was working with the Rockefeller Foundation to launch a report on "impact investing policies in Africa," which would contribute and explore policy barriers across Africa.

Speakers expected at the conference are the Minister of Industry, Trade and Investment, Mr. Olusegun Aganga; and Head of Emerging market Fund Investment Abu Dhabi investment authority, Mr. Christophe Florin, amongst others.


For more stories on investments and markets, please see HispanicBusiness' Finance Channel



Source: AllAfrica


Story Tools