2011 AfDB Annual General Meeting Lisbon, Portugal 9 th June 2011 2 - - PowerPoint PPT Presentation

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Aug 22, 2023 315 likes •495 views

2011 AfDB Annual General Meeting Lisbon, Portugal 9 th June 2011 2 Position as reference pan-African public sector investor Long term player Mobilize other financial resources Sustainability as central element Track record is

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2011 AfDB Annual General Meeting Lisbon, Portugal 9th June 2011

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 Position as reference pan-African public

sector investor

 Long term player  Mobilize other financial resources  Sustainability as central element  Track record is the key to poverty alleviation

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 10-20% of annual private sector approvals.  Indirect PE investments main channel (80%+)  Quality of portfolio = sustainability activity.  Transition from rapid growth to consolidation

phase.

 Increasing emphasis on strategic deal

selection.

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Target t Portf rtfol

io Profi file  Diversified  Financially sustainable  Developmental impact targets

Fund

d Manager ager Prof

file

le  Experienced fund managers  New fund managers  Including less established sectors and geographies.

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AfDB Added

d Value  Leverage Shareholder Base  Pan African Presence  Exclusive focus on Africa  Range of products and services  Leverage TA programmes

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 Flags

gship ip Initiativ iatives es

Mobilisation of Financial Resources

 Fund of Funds channel  African pensions industry initiative  Accompany international investors (e.g SWF)

African PE Industry Performance Data
Secondary Transactions

 Enhance

hance Pa Partner tnership ships: : IFIs / DFIs, Other Public sector organizations, Private Sector

 Su

Supp pport

rt Industr

dustry y As Asso sociati ciations

ns: AVCA, EMPEA

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 Mainly in the financial sector  Presence of a trusted partner  Typically smaller investment amount

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20 40 60 80 100 120 140 160 180 1996 1997 1998 2000 2005 2007 2008 2009 2010 Amount t Approved ved in UA Million ion SMEs Renewal Energy Mining Infrastructure Health Generalist Forestry

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USD/m D/m Seni nior Loans/LO ans/LOC Equi uity y Other er Total al 2006 2006 405 22 426 2007 2007 1073 282 17 1370 2008 2008 1340 171 41 1553 2009 2009 1557 213 17 1787 2010 2010 1539 290 8 1838

Strategic Investments: 9 Development Finance

Institutions (earliest 1975) plus 1 other financial institution

Tactical Investments: 6 Financial institutions and

1 Industrial company (Divested)

Direct Investments Indirect Investments (Funds)

Generalist
Infrastructure
SME
Health
Agribusiness

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CENTRAL AFRICA 3% EAST AFRICA 16% NORTH AFRICA 24% PAN AFRICAN 7% SOUTHERN AFRICA 19% WEST AFRICA 31%

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13 AGRIBUSINESS 6% EDUCATION 0% ENERGY 7% FINANCIAL SERVICES 16% HEALTH CARE 2% INFRASTRUCTURE 12% MANUFACTURING 5% MINING 10% SERVICES INDUSTRIES 21% TELECOM 20% TRANSPORT LOGISTICS 1%

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Fund NAME Short Name Sector Signature Commitment (USDm)

South Africa Infrastructure Fund (SAIF) SAIF Infrastructure Jul-97 15 AIG African Infrastructure Fund AIG Infrastructure Sep-99 50 ECP Africa Fund II PCC ECP II Generalist Dec-05 50 Pan African Infrastructure Development Fund (PAIDF) PAIDF Infrastructure Jun-07 50 Maghreb Private Equity Fund II MPEF II Generalist Apr-08 20 Atlantic Coast Regional Fund LLC (ACRF) ACRF Generalist Aug-08 15 Growth Finance (GroFin) GROFIN SMEs Sep-08 20 ECP Africa Fund III ECP III Generalist Nov-08 50 Agri-Vie Fund AGRIVIE Agribusiness Jun-09 15 Pan African Investment Partners II Limited (PAIP II) PAIP II Generalist Jun-09 50 AfricInvest II Fund AIF II Generalist Sep-09 30 Africa Health Fund (AHF) AHF Health Oct-09 15 Aureos Africa Fund, L.L.C. AUREOS Generalist Dec-09 30

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Fund NAME Short Name Sector Signature Commitment (USDm)

Evolution One Fund EVOLUTION ONE Renewable Energy Feb-10 15 African Infrastructure Investment Fund 2 - AIIF II Infrastructure Mar-10 30 Investment Fund for Health in Africa IFHA Health Apr-10 15 Emerging Africa Infrastructure Fund EAIF Infrastructure Jun-10 50 Citadel Capital Joint Investment Fund CITADEL Generalist Jul-10 20 Argan Infrastructure Fund ARIF Infrastructure Jul-10 20 Africa Capitalization Fund ACF Financial Intermediation Jul-10 50 African Agriculture Fund AAF Agribusiness Oct-10 40 Catalyst Fund Catalyst Generalist Dec-10 15 New Africa Mining Fund II NAMF II Mining Dec-10 25 Helios Investors Fund II HELIOS II Generalist April-11 30

TOTAL 24 720

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