PRIVATE EQUITY IN AFRICA Register
ProgrammeSessionList
Agenda

Monday, 2nd November 2009

08:15
Registration and Refreshments

09:00
Welcoming remarks from the Chairman
Carlos Perry, Chief Operating Officer, EMPEA

09:10
Introductory Remarks - Video Presentation
Tony Blair, Former Prime Minister, United Kingdom

09:20
Keynote Address: The role of private investment in delivering economic and social prosperity in Africa: Rwanda's story
  • Reviewing the success that Rwanda has had in attracting FDI
  • Breaking down the barriers to investment by addressing institutional restrictions and creating a business friendly environment
  • Developing key sectors for best investment returns
  • Outlining plans for the future
H.E. Paul Kagame, President, Republic of Rwanda

09:50
Panel: What private equity investors must know about Africa
  • What are the principal risks of investing in Africa?
  • How can private equity investors protect themselves on the downside?
  • What has characterized private equity-backed success stories to-date?
  • How do the sub-regional markets within Africa differ?
Leader:
Sarah Alexander, President, EMPEA

Participants:
Miles Morland, Co-Founder, Development Partners International & Blakeney Management

Ahmed Heikal, Chairman, Citadel Capital
 
Peter Schmid, Partner & Head of Africa, Actis

10:45
Refreshment Break

11:15
Panel: How the investment climate is improving for private equity in Africa
  • How has African private equity performed and what are the near-term prospects in the context the global financial crisis?
  • How the GP community in Africa is becoming increasingly professionalized
  • Examining progress made on governance and transparency across Africa
  • Identifying opportunities in post-conflict economies
Leader:
Peter Guest, Editor, This is Africa

Participants:
Graham Thomas, MD, Standard Bank

Tom Gibian, CEO, Emerging Capital Partners

Nana Osei-Bonsu, Chief Executive Officer, Ghana Venture Capital Trust

Kem Ihenacho, Partner, Clifford Chance

12:00
Panel: The Risk/Reward Tradeoffs of Private Equity Investing in Africa
  • The risk premium expected by LPs in Africa, in the context of other emerging markets
  • How successful GPs communicate risk/reward tradeoffs to limited partners
  • How Africa’s sub-regions and sectors have performed along the risk/reward continuum
  • Winning strategies to mitigate the most common risks posed to PE in Africa
Leader:
David Wilton, Chief Investment Officer, IFC

Participants:

Tom Barry, CEO, Zephyr Management

Ngalaah Chuphi, Partner, Ethos Private Equity

David Creighton, CEO, Cordiant Capital

Runa Alam, CEO, Development Partners International

12:45
The Economics of the SME Opportunity for Private Equity Investors in Africa
  • Why the SME segment offers strong potential for PE investors in Africa
  • How the economics work in African SME investing in Africa and how they’re changing
  • Case studies placing African SME in the larger emerging market context
Leader:
Chris West, Director, Shell Foundation

Participants:

Shakir Merali, Partner, Nairobi, Aureos Capital

Afolabi Oladele, Partner, African Capital Alliance

Kofi Bucknor, Managing Partner, Kingdom Zephyr Africa Management

13:30
Lunch

14:30
Interview: Getting Out -The Exits Environment in African PE
  • The importance of strategic trade sales as an exit channel in Africa
  • How public markets compare as exit avenues across Africa
  • The potential for new listing vehicles through a pan-regional cross-exchange
Leader:
Peter Guest, Editor, This is Africa

Participants:
Maureen Dlamini, Executive Head – Africa Board, JSE Limited

Christopher Hartland-Peel, Head of African Equity Research, Exotix

15:00
Panel: The LP perspective: What factors determine our willingness/ability to increase our exposure to African private equity?
  • The risk-reward profile of Africa vs. other EM markets
  • The relative attraction of PE vs. marketable securities in illiquid African markets
  • Whether to invest directly in PE transactions or through funds
  • Whether to commit to co-invest with funds on a deal-by-deal basis
  • Should large LPs insist on better terms from GPs in return for early or large commitments?
Leader:
Paul E. Tierney Jr., Co-Founder, Development Capital LLC

Participants:
Ritesh Anand, Investment Manager, The Wellcome Trust

Carlos Heneiné, Managing Director, Quilvest Private Equity

Peter Wilson, Managing Director, HarbourVest Partners

Mona ElNaggar, Managing Director, The Investment Fund for Foundations

15:45
Refreshment Break

16:15
Super LPs: The unique role of the DFIs in African Private Equity
  • How to successfully approach the DFI community for PE funding in Africa
  • What DFIs are focused on: IRR, economic impact, SRI/ESG metrics or all of the above?
  • How the major DFIs differ in focus and objective in African private equity
Leader:
Rod Evison, Managing Director, CDC Group

Participants:
Jurgen Rigterink, Chief Investment Officer, FMO

Holger Rothenbusch, Senior Vice President of Structured Finance Division II, DEG

David Wilton, Chief Investment Officer, IFC

Martin Poulsen, Chief Private Equity Officer, Private Sector and Microfinance Department, African Development Bank

17:00
Debate: What Drives the African Growth Story: Natural Resources, Infrastructure, or The Consumer?
  • Only large-scale opportunities in energy, infrastructure and natural resources make sense for private equity investors in Africa
  • The future is about the consumer – why LPs should be focused on Africa’s growing middle class in the coming five – ten years
Leader:
JP Fourie, Executive Director, SAVCA

Participants:
Louis Van Pletsen, Partner, Head of London Office, Denham Capital Management (UK) LLP

Papa Madiaw Ndiaye, CEO, Advanced Finance & Investment Group

Dirk Harbecke, CEO, African Development Corporation

Chris Derksen, Co-Portfolio Manager, Investec Africa Frontier Private Equity Fund

17:45
Concluding Remarks from the Chairman


Co-Hosts

EMPEA


This is Africa


Lead Sponsors

Actis


Citadel Capital


Zephyr

Legal Sponsor


Clifford Chance


Co-Sponsors


AAC

Aueros


Cordiant


DPI


ECP

Ethos

Standard Bank


Kingdom Zephyr


Media Partners


The Banker



FTfm



FT Mandate


PWM





Affiliate Partner

Mergermarket

Supported by


AGI


AVCA


CCA


SAVCA
Subscribe Recommend to a friend Print this page
Add to Favourites | Contact Us | Add to Outlook | Accessibility
Terms and Conditions | Privacy | © The Financial Times Limited 2008