African Equity

“You have to really know that business and what makes it profitable and what’s going to impede those cash flows, which is possibly more of a South African risk.” -Graham Stokoe Three veterans of the African private equity market share stories of successful deals across this continent of opportunity. In this third segment of the three-part Privcap series, “Private Equity in Africa,” Hurley Doddy of Emerging Capital Partners, Graham Stokoe of Ernst & Young, and Runa Alam of Development Partners International, share their expert insights, stories of deal success, as well as reasons why they remain very bullish about the future of African private equity. Doddy discusses his firm’s investment in a Nairobi-based company that provides “triple-play” cable connectivity to a growing market; Stokoe discusses a successful student-housing deal he worked on in South Africa; and Alam tells the story of a consumer-credit company that her firm is helping to roll out a pan-Africa strategy. “Yes, Africa is growing at 6 percent a year, but the emerging middle class is growing much faster than that, and if you find an industry that caters to that, you have a story of a rising tide lifts all boats,” says Alam. This program is sponsored by Ernst & Young. A special thanks to the Emerging Markets Private Equity Association (EMPEA) for their participation. This video was shot at EMPEA’s and FT Business’s global private equity conference, Capital Impact 2011.

www.African-Equity.com – African Equity is an Australian Based Non Government Organisation primarily supporting the Heroes of the Nation orphanage (largest in Kenya) and community development projects in Nyahururu and Nairobi, Kenya