Sandton and Cape Town (South Africa), November 2018. GreenTec Capital Partners team members were in South Africa last week attending the African Investment Forum in Johannesburg and the Africa Early Stage Investor Summit (AESIS) in Cape Town. The two events brought together the who’s who of African finance institutions, investors, and start-ups for pitch events, networking, and a variety of speakers.
The Africa Investment Forum (AIF) 2018, took place November 7-9, 2018 in Johannesburg, South Africa. The event was attended by representatives of global financial institutions such as the AfDB, IFC, and EIB as well as notable Africa heads of state including Nigerian Vice President Yemi Osinbajo; President Akufo-Addo of Ghana; President Alpha Condé of Guinea; President Cyril Rhamophosa among others. Moses Acquah, Dean Hastie, and Thomas Festerling of GreenTec attended. Dean and Thomas has the pleasure of participating as judges at the pitch competition themed ‘Catalyzing Investment for Young SMEs’. Thomas Festerling also participated in a panel session on young SMEs.
Africa’s early stage investor community convened on November 11th and 12th for the Africa Early Stage Investor Summit 2018. This exclusive investor-only event, hosted at Workshop17 in Cape Town, South Africa, united key ecosystem stakeholders from across the continent and beyond, to exchange best practices, learn from peers and recent transactions, and do deals.
Celebrating its fifth year, the summit attracted the highest ever number of early stage African investors from 35 different countries, and more specifically 25 African nations representing 110+ investor organizations to share expertise, experiences, and fostering collaborations to bolster the ecosystem of capital provision for African entrepreneurs. Our speakers and guests represent angel networks, impact funds, leading accelerators, corporate venture arms, industry associations, and public sector agencies. Also in attendance were research organizations, academic institutions, leading accelerators and of course, highly driven entrepreneurs that managed to secure the very few seats available to them provided by the VC4A Venture Showcase – Series A: featuring 8 investor-vetted scale-ups from across the continent looking to raise between $250K and $5M. GreenTec investee AgroCenta was among the start-ups featured in the showcase. Thomas had the pleasure of participating in two panels on exploring alternative funding models and how to boost deal flow in Africa.
Both events presented interesting talks as well as excellent networking opportunities. GreenTec was very pleased to be able to have extended talks with AfDB representatives about GreenTec’s fund, potential portfolio investees as well as other areas of probable collaboration. The opportunity to meet and make contact with other players and investors in the African start-up ecosystem.