CEO of ACA speaks at the 13th annual AVCA Conference
April 27, 2016, Addis Ababa, Ethiopia – CEO of ACA, Cyril Odu, participated in a panel discussion themed “Delivering Alpha in a Time of Uncertainty,” during the13th Annual African Venture Capital Association (AVCA) conference in Addis Ababa, Ethiopia.
The panel, comprising of a diverse group of fund managers, shared various investment strategies for tackling current uncertainties in Africa triggered by economic headwinds such as falling commodity prices and currency volatility.
The Annual AVCA Conference is AVCA’s flagship event, which provides an important platform for private equity and venture capital professionals to discuss the most pertinent investment opportunities and issues facing the continent.
Please click here to view highlights of the conference.
Onitsha Mall opens for business in Southeast Nigeria
April 14, 2016 – African Capital Alliance (ACA) today announced the opening of Onitsha Mall, the premier formal retail shopping center in Onitsha.
Onitsha Mall was developed through a public-private partnership arrangement made between ACA and the Anambra State Government and is built on a 40,000m2 site within a mixed-use precinct in the GRA of Onitsha. Other establishments in this precinct include a Park Inn by Radisson Hotel, a 1,500-person convention center, an office complex and high/medium income residential units.
The first class retail mall is anchored by South African retail giant, Shoprite, and provides 12,000m2 of net lettable space for a retail mix of health, fashion, food, beauty, sports equipment, electronics, entertainment, telecoms and banking. It also boasts of six local and international restaurants, central air-conditioning and 500 parking bays to ensure a comfortable and convenient shopping experience for consumers in Onitsha and its environs. The facility is managed by Broll Nigeria Limited.
Commenting on the opening, Mr. Obi Nwogugu of ACA stated: “Onitsha is a major center of commerce in Nigeria; it has the highest concentration of banking activity when compared to the rest of Anambra and Imo State combined, and it has the third highest number of mobile call volumes after Lagos and Abuja. The mall not only creates jobs and a tax base for the state, but it also improves the quality of life for residents of Onitsha and the surrounding towns.”
The mall was officially opened during a ribbon-cutting ceremony performed by His Excellency, the Executive Governor of Anambra State, Chief Willie Obiano, who thanked ACA for being a credible and capable partner in the development of the landmark mall, stating that it “enhanced the status of Onitsha as the epicenter for commerce in Nigeria.”
Onitsha Mall was funded through ACA’s first real estate fund, a $165 million private equity fund.
ACA facilitates PE workshop for SEC Nigeria
March 24, 2016, Lagos, Nigeria – African Capital Alliance (ACA) facilitated a one-day private equity training workshop for forty management staff of the Securities and Exchange Commission of Nigeria (SEC).
The training was organized in line with ACA’s external impact objective to improve the private equity regulatory climate in the Nigeria.
During the training, ACA provided participants with an extensive overview of the Nigerian private equity industry and discussed ways to create a more regulatory-friendly environment for private equity’s growth in Nigeria.
CEO of ACA speaks at the annual HBS Africa business conference
February 28, 2014 – CEO of ACA, Mr. Okey Enelamah, gave the opening keynote address at the 16th Annual Africa Business Conference at the Harvard Business School. The theme of the event was “Africa Accelerates: Equipping a Vibrant African Economy.” In an inspiring speech, Mr Enelamah recognized Africa’s strong investment prospects and highlighted the need to drive the continent’s growth by strengthening human capital development, creating an enabling environment for businesses to thrive and promoting integrity and discipline in the execution of business opportunities.
The Africa Business Conference at the Harvard Business School brings together over 1500 African business leaders, young professionals, and students to Boston Massachusetts. With over 16 years of continuous growth, the event has become an annual pilgrimage for business leaders and young professionals from Africa with specific interest in Africa.
ACA facilitates PE workshop for pension fund operators
February 2-3, 2016, Abuja, Nigeria – African Capital Alliance (ACA) partnered with the African Private Equity and Venture Capital Association (AVCA) and the CDC Group (the UK Government’s development finance institution) to facilitate a two-day private equity training workshop for the board level executives of the Nigerian Pension Funds.
The workshop, which was organized by the National Pension Commission in Nigeria (PENCOM), was attended by over seventy pension fund operators who were given an extensive overview of private equity and global best practices in its management.