Breakout 2
|
Saturday
|
11:25 am
Aldrich 108
Finance

Growing Africa's SME sector through enterpreneurship through acquisition (ETA)

Although Entrepreneurship through Acquisition (ETA)— where entrepreneurs search for and acquire stable, cash-flow positive businesses to grow them over time—is growing in popularity across North America, few “search funds” have been established in Africa. Indeed, there has been limited data to support the case for investing in African search funds and the benefits of this novel asset class. 

Still, ETA remains uniquely positioned to unlock value, attract talent, and accelerate the growth and development of SMEs—particularly family businesses—across the continent. This panel will focus on three key questions: 

(1) Is Africa ripe for the growth of search funds? 

(2) How can the traditional search fund model be adapted to work in/for the African context? 

(3) What other models can we leverage to see more African ETAs? 

(4) Share some success stories and what we can learn from them.

Growing Africa's SME sector through enterpreneurship through acquisition (ETA)

Although Entrepreneurship through Acquisition (ETA)— where entrepreneurs search for and acquire stable, cash-flow positive businesses to grow them over time—is growing in popularity across North America, few “search funds” have been established in Africa. Indeed, there has been limited data to support the case for investing in African search funds and the benefits of this novel asset class. 

Still, ETA remains uniquely positioned to unlock value, attract talent, and accelerate the growth and development of SMEs—particularly family businesses—across the continent. This panel will focus on three key questions: 

(1) Is Africa ripe for the growth of search funds? 

(2) How can the traditional search fund model be adapted to work in/for the African context? 

(3) What other models can we leverage to see more African ETAs? 

(4) Share some success stories and what we can learn from them.

America/New_York
Feb 17, 2024 11:25 AM
Aldrich 108

Other Sessions

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Specials
Saturday
|
10:15 am
Klarman Hall
Reimagining the Africa Growth Story by McKinsey & Company, Africa
Insights from McKinsey's 2023 Reimagining Economic Growth in Africa report
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Reimagining the Africa Growth Story by McKinsey & Company, Africa

Africa’s economy downshifted over the last decade, yet half of its people live in countries that have thrived on the continent. Africa has the human capital and natural resources to accelerate productivity and reimagine its economic growth, which is, more than ever, vital for the welfare of the world. The fireside chat will feature a presentation of key insights from McKinsey Global’ s 2023 Reimagining Economic Growth in Africa report.

America/New_York
Feb 17, 2024 10:15 AM
Klarman Hall
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Keynotes
Friday
|
3:30 pm
Klarman Hall
Undoing the African Debt Trap
What role does the public and private sector play in undoing sovereign debt traps in Africa
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Undoing the African Debt Trap

In 2022, public debt in Africa reached USD 1.8 trillion. While this is a fraction of the overall outstanding debt of developing countries, Africa’s sovereign debt has increased by 183% since 2010, a rate roughly four times higher than its growth rate of GDP in dollar terms. Today, 60% of African countries spend more on repaying their debts than on healthcare, a trend that has been exacerbated by the COVID-19 pandemic, the war on Ukraine and the overall economic slowdown in the past few years. While international organizations have stepped in to support (for example, the G20 assisted 31 out of 36 eligible African countries with its Debt Service Suspension Initiative (DSSI)), the question remains: Why has Africa not been able to break out of this debt trap? And what role does the public and private sector play in moving past this dynamic?

America/New_York
Feb 16, 2024 3:30 PM
Klarman Hall
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Lunches
Saturday
|
12:25 pm
Aldrich 008
Sponsor Informational Lunch: Tlcom Capital
Sponsor informational lunch
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Sponsor Informational Lunch: Tlcom Capital

The sponsor informational lunch will include a company presentation and the opportunity to connect with some of the company's executives.

America/New_York
Feb 17, 2024 12:25 PM
Aldrich 008