Showing posts with label Investments. Show all posts
Showing posts with label Investments. Show all posts

Monday, December 13, 2021

PanAfrican Capital Holdings Sets Up The Catalyst Project To Promote African Entrepreneurship

The Catalyst

PRESS RELEASE

PanAfrican Capital Holdings Sets Up The Catalyst Project To Promote African Entrepreneurship

LAGOS, Nigeria, December 13, 2021/ -- In commitment to its vision to deliver exceptional services in chosen markets and create value for stakeholders, PanAfrican Capital Holdings ‘PAC Holdings’ has set up a venture capital project, to be known as The Catalyst (www.TheCatalystAfrica.com), to identify and invest in growth to product-expansion stage companies with convincing business models and market opportunities.

As a proprietary investment company with the focus to offer strategic investment solutions and unlock value across emerging and frontier markets across Africa, PAC Holdings acknowledges the vital role of technology in driving economic growth in Africa.

According to the Venture Capital in Africa Report, “90% of all reported VC deals between 2014 and 2020 were in technology-enabled companies operating across a variety of sectors. Financials accounted for the largest share of VC deals by both volume (22%) and value (26%) from 2014 - 2020, with Information Technology (18%) and Consumer Discretionary (16%) accounting for the second and third largest share of VC deals by volume within the same timeframe.” This trend is expected to continue with more opportunities for technology solutions arising in a post covid world.

Toluwalope Oni, the Global Coordinator of The Catalyst, said, “The Catalyst Project has been set up to facilitate and finance the delivery of technology enabled solutions, as well as promote African entrepreneurship. Our industries of primary focus are pivotal gears of a digital African economy, and these include finance, education, health, agriculture and logistic.”

Some of the objectives for the initiative include driving a culture of innovation and contributing to the delivery of forward-thinking market value across Africa.

“The project’s target is to inject an initial sum of $1,000,000 into ‘growth stage’ businesses that meet its criteria of; a clearly defined minimum viable product, solving a need/gap either on the demand or supply side in Africa, generating revenue enough to cover direct costs, seeking capital to boost expansion required to achieve exponential scale and little or no debt balances in the company’s balance sheet,” the Global coordinator added.

The identified sectors, given current macro-economic realities, represent the key underlying catalyst for Sustainable Economic Growth in emerging and frontier economies. Selected businesses that become successful would benefit from PAC Holdings access to an ecosystem of strategic investors & mentors, and enjoy product/service synergies.

Distributed by APO Group on behalf of The Catalyst.

Media Contact:
On behalf of PanAfrican Capital Holdings Limited
Omolola Ojo
Email: omolola.ojo@panafricancapitalholdings.com

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About PanAfrican Capital Holdings:
PanAfrican Capital Holdings “PAC Holdings” is a Proprietary Investment Company with special focus on Key Sectors across Africa including Financial Services, Hospitality & Entertainment, Real Estate & Infrastructure, Agro-Allied & FMCG, Healthcare, Renewable Energy, and ICT & Media.

With specialist subsidiary companies across chosen sectors. PAC Holdings is geared towards offering strategic investment solutions and unlocking value across emerging and frontier markets. The company’s corporate Head Office is in Lagos, with presence in Accra, Nairobi and Mauritius.  With Over the years, we have created strong strategic alliances with multilateral financial institutions such as African Export-Import bank, Africa Development Bank, Africa Finance Corporation, Development Bank of South Africa, Bank of Industry, Nigerian Export-Import bank and other banks across the continent.

For more information, visit www.thecatalystafrica.com

SOURCE
The Catalyst


Saturday, June 12, 2021

Real Estate Today on Wakaati TV

Until you have your own house, you don't have a home. 
- Ekenyerengozi Michael Chima. 

The N100 million you spend on buying a new Bentley car would be better spent on building or buying a house that will be uours for life.

An expensive posh car cannot last longer than ten to twenty years.
How long will a posh car last? 
10-20 years and it will end up parked in the garage or end ip in the junkyard 

A house will last longer than a lifetime and will be an inheritance from you to your children and even grandchildren. 

Watch REAL ESTATE TODAY on Wakaati TV for the -

5 Reasons Why Real Estate Is a Great Investment

As one of the stars of "Million Dollar Listing Los Angeles," James Harris knows a thing or two about making money in real estate.

1. Real estate provides better returns than the stock market without as much volatility.

2. Real estate has a high tangible asset value.

3. Real estate values will always increase over time. 

4. An investment in real estate can also diversify your portfolio.

5. Last but not least, real estate investing comes with numerous tax benefits.

Wakaati TV on StarTimes DTT Channel 100 and DTH Channel 200 broadcast nationwide in Nigeria, Ghana and 17 other countries in Africa and streaming live worldwide on https://www.wakaati.com 24/7 with over 5 million viewers so far and increasiing every day.


Thursday, May 27, 2010

Increased Cooperation and Co-Financing for Investments in Africa

27 May 2010 12:40 Africa/Lagos

Increased Cooperation and Co-Financing for Investments in Africa / African Financing Partnership Launched by leading Development Financial Institutions (DFIs) Active Across the Continent


ABIDJAN, May 27, 2010/African Press Organization (APO)/ -- Earlier today 8 development finance institutions, who last year invested over USD 8.8 billion in projects across the continent, formally launched the African Financing Partnership (AFP). This collaboration will enable greater cooperation and co-financing, and work towards improving joint assessment and evaluation of private sector projects across the continent. This marks a significant development for effective use of donor resources in Africa and aim to attract greater private sector investment for private sector projects on the continent with strong development outcomes.


The eight participating institutions with strong experience of operating in Africa are the African Development Bank; Development Bank of Southern Africa; Deutsche Investitions-und Entwicklungsgesellschaft (DEG); European Investment Bank; Netherlands Development Finance Company FMO; Industrial Development Corporation of South Africa; IFC, a member of the World Bank Group; and Proparco.



Speaking at the launch, Donald Kaberuka President of the African Development Bank, said “The AFP is a major pillar in the partnership strategy of the African Development Bank. I applaud the Private Sector department for this initiative”. In 2009, he explained, “the DFIs worked collaboratively on projects in Africa, including Main One Cable in Nigeria, to jointly finance over US$ 1 billion in projects under partnership models”, adding that “This year, the target for collaborative co-financing is manifold, including financing projects in countries such as Sierra Leone and Côte d'Ivoire. These projects are in sectors such as infrastructure, power, renewable energy and agribusiness”. “Last year, the AFP was a coordinating platform for the Joint IFI/DFI Action Plan to respond to the financial crisis in Africa and with a target mobilization of US$ 15 billion,” Dr. Kaberuka further explained.


“There is an evident need for partnerships amongst development finance institutions, for efficient utilization of our human and capital resources to meet vast financing needs of private sector projects in Africa” African Development Bank Private Sector Director, Tim Turner stated.


DEG, the German development financing institution, which, in 2009, had its best new business result in Africa since its inception, has the ambition to further increase and enhance its long lasting commitment to the private sector development on the African continent. “This will be supported by an intensified cooperation between likeminded institutions,” explained Winfried Nau, Head New Business Africa at DEG. “AFP will help optimizing the promotion of much needed private initiative for the sake of economic development,” he further stated.


"The European Investment Bank is pleased to be a founding member of the African Financing Partnership. This marks a key step in improving cooperation and increasing aid effectiveness in the spirit of the Paris Declaration for the benefit of Africa. Last year, nearly three quarters of all EIB projects in Africa were financed with other partners, whose involvement and expertise increased both the sector scope and number of investments across the continent" said Plutarchos Sakellaris, European Investment Bank Vice President responsible for Africa.


Jaap Reinking, Director, Global Partners Department said, “FMO takes a strong interest in close co-operation with our financial partners. Cooperation optimizes efficiencies and smoothens processes for our clients. The AFP is an important initiative in achieving such closer cooperation between the participating institutions”.


Ms. Lindi Toyi, Head of Public Private Partnerships at the IDC said, “The IDC is proud to be a Promoting Partner of the AFP and IDC looks forward to working with the other the Promoting Partners within the AFP. The AFP will serve an important platform to mobilise funding in a more coordinated fashion for projects in Africa.”


“IFC is deeply committed to increasing cooperation with our partners through the African Financing Partnership. Working together will enable IFC and its partners to have a greater impact helping Africa fulfill its economic potential and ensure that more Africans can build a better future,” said Thierry Tanoh, IFC Vice President responsible for Africa.


The endorsement by the AFP Promoting Partners indicates their common goal to work together on a mission of poverty alleviation and private sector development in Africa. The partnership will target financing of large-scale projects in infrastructure and industrial sectors leading to economic growth and job creation. Smaller innovative projects as well as investments in financial services, including SME and microfinance projects may also be considered.


In practice the African Financing Partnership will enable one institution to coordinate on behalf of the others, as Lead Promoting Partner, and propose involvement of other institutions, thus minimizing duplication of efforts such as due-diligence, appraisal and excessive demand on the project sponsor. This will lead to greater efficiency, common selection of external advisors and reduced borrowing costs.

The strategic development of the African Financing Partnership will be determined by a committee comprising representatives of all institutions and will act as a platform for co-financing private sector projects in African countries defined as regional members of the African Development Bank. Other development finance institutions or private sector investors could join the initiative at a later stage.



Source: European Investment Bank (EIB)


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