Private Equity in Africa 2013
08:00 - 08:40Registration and Refreshments
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08:40 - 08:50Introductory Remarks from the Co-Chairs
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Lanre Akinola, Editor,This is Africa, FT Group
Jeffrey Leonard, Chairman,  Emerging Markets Private Equity Association (EMPEA)

08:50 - 09:15Keynote Address
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Arunma Oteh, Director General, Securities and Exchange Commission, Nigeria

09:15 - 10:05Realising Africa’s Economic Promise
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  • What are the global and domestic factors driving the economic opportunities in Africa today?
  • What countries, regions and sectors present the most compelling investment thesis?
  • How do returns driven investors contribute to the realisation of Africa’s economic promise?  
Peter Schmid, Head of Private Equity and former Head of Africa, Actis
Jan Rielaender, Economist, The Organisation for Economic Co-operation and Development (OECD)
Okechukwu Enelamah, Chief Executive Officer, African Capital Alliance
Karim Sadek, Managing Director, Citadel Capital

Adam Green, Senior Reporter, This is Africa, FT Group

10:05 - 10:25Networking Coffee Break
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10:25 - 10:50Keynote Presentation: Evolution of the Political and Economic Landscape
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Gen. Wesley ClarkStrategic Advisor, Vital Capital

10:50 - 11:40Delivering on the Africa Opportunity
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In an increasingly competitive global and domestic economy, how can funds most effectively realise Africa’s returns potential? 

  • How are fund managers increasing the value of investments?
  • What are the main challenges faced by fund managers and LP investors on the Continent?
  • What are the prospects for improving the quality and variety of exit opportunities in 2013 and beyond?
  • What is the best measure of performance?

Ashish Patel, Managing Director, The Abraaj Group 
Graham Stokoe, Private Equity Leader for Africa, EY
Papa Madiaw Ndiaye, Chief Executive Officer, AFIG Funds
Tara O’Connor, Managing Director, Africa Risk Consulting

11:40 - 11:50Introduction: Private Equity’s Role in the Development Landscape
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Dr John Coors, Head of founding family of One Thousand & One Voices and CEO of CoorsTek

11:50 - 12:35Bridging the Financing Gap & Supporting Private Sector Development
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Few factors are as integral to successful development as a thriving private sector. Many of Africa’s companies continue to face significant challenges in attracting the capital they need to grow. How can private equity help to address this challenge?
  • What role can PE play in addressing key challenges holding back private sector development? (i.e. delivering jobs, building capacity, developing financial markets)
  • How can DFIs act as a facilitator to unlock more private capital?
  • What innovative financing models are at play on the Continent, and how are these vehicles opening up African PE to new investors? 
  • What is the outlook for dealflow in Africa overall? What is the outlook for SME deals in particular, as this space is vital to supporting private sector development?
  • What will be the impact of primarily returns-driven groups investing more heavily in African PE?          
Funsho Allu, Chief Operating Officer and Risk Manager, 46 Parallels
Diana Noble, Chief Executive Officer, CDC Group
David Wilton, Chief Investment Officer, Manager Global Private Equity Funds, International Finance Corporation (IFC)
Dr John Coors, Head of founding family of One Thousand & One Voices and CEO of CoorsTek

Nadiya Satyamurthy, Senior Director, Emerging Markets Private Equity Association (EMPEA)

12:35 - 13:30Networking Lunch
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13:30 - 14:15The Risk-Return Profile: Debunking Myths & Successful Mitigation Strategies
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  • How do fund managers evaluate the risk-return profile across a large variety of sectors and markets?
  • What are the real risks to investors on the Continent, and what are the misconceptions about PE in Africa?
  • How should firms proceed when there is an absence of clear legal and regulatory frameworks?
  • What are due diligence best practices across the Continent, and how do these vary by market and region?
  • How are fund managers communicating the positive return story, while also addressing investor concerns around real and perceived risks?
Aaron McKay, Managing Director, Cambridge Associates LLC
Simon Merchant, Chief Executive Officer, Jacana Partners
Ziad Oueslati, Managing Director & Co-Founding Partner, TunInvest-AfricInvest Group
Sulanji Siwale, Managing Director, GEF Advisors Africa

14:15 - 15:00The Rise of the African Consumer
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  • What is the outlook for consumer services industries in Africa?
  • How do consumer services based strategies compare to the traditional FDI focus on extractive services on the continent?
  • Which service sectors provide the most compelling opportunities?
  • As economies and consumer demand grow, what role does PE investment play in helping infrastructure keep pace with demand? (i.e. transportation, telecom, energy)
Ngalaah Chuphi, Partner, Ethos Private Equity
Hurley Doddy, Managing Director, Founding Partner and Co-CEO, Emerging Capital Partners (ECP)
Soula Proxenos, Managing Partner, International Housing Solutions (IHS) 
Sofiane Lahmar, Partner, Development Partners International (DPI)

15:00 - 15:20Afternoon Refreshments
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15:20 - 15:45Keynote Interview: Exits as Entries – Strategic Buyers’ Perspectives
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With business interest in Africa at unprecedented levels, an increasing number of large and international companies are investing on the continent. These may, in turn, play an essential role in driving the evolution of the PE industry.  

  • Why are PE buyouts attractive entry strategies for MNCs looking to get into Africa? 
  • Where are strategic buyers focused?  What countries, regions and sectors are most compelling?
  •  How do strategic buyers view PE’s role in increasing a company’s value?
  •  What are the drawbacks to PE buyouts on the Continent, and what other entry strategies do MNC’s evaluate?
  • How important are development motives to strategic buyers entering Africa?
Interviewer: Lanre Akinola, Editor, This is Africa, FT Group

Interviewee: Jay Ireland, President and CEO, General Electric Africa

15:45 - 16:45What is attracting new and returning LPs to African Private Equity?
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Investor interest in African private equity is at an all-time high, with Sub-Saharan Africa landing the top spot in terms of attractiveness for investors in the 2012 EMPEA LP Survey, yet many remain hesitant to commit to the region.
  • What is the investment thesis that is bringing LP investment to African PE?
  • What role will foreign investors play in driving the growth of the industry? How does this compare to the role of local institutional investors?
  • As African markets mature and local and international regulations evolve, what opportunities and challenges could these present for PE players?
  • Which factors are contributing to the on-going reluctance by international LPs to commit to the region?
  • How can GPs address the main hurdles to attracting more capital from international and local LPs?
Lindel Eakman, Managing Director, UTIMCO
Dale Hunt, Managing Director, Equities, Catholic Healthcare Investment Management Company (CHIMCO)
Alona Ponomareva
, Principal Portfolio Manager, World Bank Pension Plan
Daniel Schoneveld, Principal, Hamilton Lane

Moderator: Jennifer Choi, Vice President, Industry and External Affairs, Emerging Markets Private Equity Association (EMPEA)

16:45 - 17:00Closing Remarks from the Co-Chairs
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Lanre Akinola, Editor, This is Africa, FT Group
Jeffrey Leonard, Chairman, Emerging Markets Private Equity Association (EMPEA)

17:00Networking Reception
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