January 12, 2013
Interviewed by: David Snow
Video Clip
Login to view full video

Africa is the Next Frontier

Tokunboh Ishmael of Lagos, Nigeria-based Alitheia Capital, as well as a board member of the African Venture Capital Association (AVCA) explains why Africa is the next frontier of growth, and how the AVCA will be supportive of investors targeting the region.

Event: Don’t miss the AVCA 10th Annual Conference, Cape Town, South Africa, from April 8th – 10th. Learn more here.

Tokunboh Ishmael of Lagos, Nigeria-based Alitheia Capital, as well as a board member of the African Venture Capital Association (AVCA) explains why Africa is the next frontier of growth, and how the AVCA will be supportive of investors targeting the region.

Event: Don’t miss the AVCA 10th Annual Conference, Cape Town, South Africa, from April 8th – 10th. Learn more here.

<p><b>David Snow, Privcap: </b>You are on the board of AVCA, Africa”s Venture Capital Association. Can you talk about what your main goals are going to be on the board, as it”s still a growing organization?</p>
<p><b>Tokunboh Ishmael, Alitheia Capital: </b>Yes, that”s correct. And I”ve been on the board for a couple of years now. And we”ve had to do a lot of rethinking about how the Association serves its members. And my time on the board– I started from when I was at Aureos, started working closely with Africa and what it was trying to do and, in fact, trying to launch a similar association in Nigeria. But what was clear is that the institutions that were represented were, again, the larger private-equity firms. They were the ones that had the higher-volume voice.</p>
<p>And for me joining the board, with the work that we do– focusing on the small and medium enterprises, focusing on impact investing– my objective is to be able to see that grown and be seen as a serious sector. At the moment, people think of it as charity, which is why you probably asked the question, can you make money? To see it as a serious sector. And we”re already seeing the fruits of that. We”re already seeing some of the large investment banks having been departments, divisions, groups within them that are looking at the sector seriously and making investments.</p>
<p>So it”s about representing the voice of the funds, for me, that particularly are looking at the small and medium enterprises, the missing middle, looking at the impact investments, so serving the voices of those members. As an association, generally we want to make sure that Africa private equity and venture capital is recognized globally and, obviously, serving the needs of the GPs but also serving the needs of LPs that are looking to Africa. Africa is the next frontier. If you”re not in it for investments, you”re losing out. And we want to showcase that.</p>

Register now to watch this video and access all content.

It's FREE!

  • CHOOSE YOUR NEWSLETTERS:
  • I agree to the Privcap terms of use and privacy policy
  • Already a subscriber? Sign In

  • This field is for validation purposes and should be left unchanged.