Ambassador Omar Arouna Appointed To Washington DC’s Mayor’s Commission On African Affairs
December 14, 2017 | 1 Comments
By Ajong Mbapndah L
Omar Arouna , immediate past Ambassador of Benin to the United States ,a 25 year Washington DC resident, and a well-known US Africa policy expert has been named by Mayor Muriel Bowser to the Washington, D.C., Mayor’s Commission on African Affairs.
The newly appointed commissioner, is a Managing Partner of the US-Africa Cybersecurity Group LLC. (https://usafcg.com); a District of Columbia legal liability collaborative organization designed to foster the development and implementation of cybersecurity strategies and initiatives in the public and private sectors in Africa and the Founder and CEO of Global Specialty LLC. (GSL) a District of Columbia leading international business development firm focused on developing business opportunities on the African continent.
Ambassador Arouna serves as Executive Vice President of Goodworks, International, a U.S. multi-national consulting firm founded by former U.N. Ambassador Andrew Young. The firm at its height had seven offices in Africa and three U.S. based offices focused on promoting business in Africa and the Caribbean. Clients have included AECOM, Chevron, Delta Airlines, General Electric, Motorola, and Sumitomo Corporation, MGI Management, and Verizon. In addition, he also assisted African governments in improving their relations with U.S. government agencies and, helped governments to reach out to Members of Congress and the White House.
The Mayor’s commission on Africa Affairs is composed of fifteen (15) members appointed by the Mayor with consent of the Council. Members of the Commission on African Affairs who have shown dedication to, and knowledge of the African community, are appointed with due consideration for representation from established public, nonprofit and volunteer community organizations concerned with the African community, and members of the public.
The functions of the Commission on African Affairs are to:
- Serve as an advocate for African persons in the District;
- Review and submit to the Mayor, the Council, and the Office, and make available to the public, an annual report that includes an analysis of the needs of the African community in the District;
- Bring to the attention of the Mayor and the OAA cases of neglect, abuse and incidents of bias against members of the African community in the administration of District and federal laws;
- Review and comment on proposed District and federal legislation, regulations, policies, and programs and make policy recommendations on issues affecting the health, safety, and welfare of the African community;
Ambassador Arouna is expected to be sworn in on Saturday December 16,2017.
Emerging Technologies: new revenue opportunities for African Telcos
December 14, 2017 | 0 Comments
By Mariam Abdullahi*
AFC & Harith launch power giant: Anergi Holdings Limited
December 14, 2017 | 0 Comments
Africa Finance Corporation (“AFC“) and Harith General Partners (“Harith“), acting on behalf of its portfolio company Aldwych Holdings Limited, are pleased to announce final close of the merger of their respective electricity generation assets into a new operating company, Anergi Holdings Limited (“Anergi” or the “Company“). Following a transaction initially signed in June 2016, all Conditions Precedent to the implementation of the merger have now been met, and the inaugural board meeting of the Company was held on 5 December, 2017.
Anergi is a holding company owning equity interests in seven (7) generation assets with a total of 1,786MW (gross) and 554MW (net) generation capacity across five (5) African countries. Anergi also holds near-term investment rights from its founding shareholders, to invest or acquire interests in new projects under development with a further 500MW capacity.
As of December 2017, Anergi owns long-term economic interests in a portfolio of assets diversified by geography and fuel type. These are the 350MW Kpone IPP tri-fuel power plant (Ghana), the 310MW Lake Turkana Wind Farm (Kenya), the 26MW Cabeolica Wind Farm (Cape Verde), the 90MW Rabai Heavy Fuel Oil power plant (Kenya), the 200MW Amandi Gas-fired power plant (Ghana), the 450MW Azura Gas-fired power plant (Nigeria) and the 300MW Kelvin IPP (South Africa). The future equity investment rights held by Anergi relate to other projects at advanced stages of development in Cote d’Ivoire, Djibouti, Nigeria and Mozambique.
Anergi’s sponsors intend for it to operate as a consolidated energy business focused on acquiring, owning and managing controlling interests in African electricity sector assets, commencing with the initially merged assets. The Company will also seek to consolidate its ownership interests in these assets, through mutually beneficial transactions with its existing co-shareholders. Anergi will commence work immediately towards securing a stock market listing on an international exchange at the earliest feasible date. From inception, Anergi will be the leading diversified electricity business operating in Africa.
At its inaugural board meeting, Andrew Alli (President and CEO of Africa Finance Corporation) was appointed Chairman of the Board of Directors of Anergi Holdings Limited, which is incorporated and domiciled in Mauritius. Other board members appointed include Tshepo Mahloele, Oliver Andrews, Alwyn Wessels, Sipho Makhubela and Fola Fagbule.
Andrew Alli said: “we are pleased that the Anergi transaction has come to a final close, and I look forward to working with the board and management to implement the strategy and achieve the operational goals of the business over the next few years”.
Tshepo Mahloele, Chairman of Aldwych Holdings Limited said: “we are excited about this merger and the next phase of growth for our African energy business. As we continue to implement our strategy of creating valuable and permanent operating platforms with significant technical and financial capabilities, Anergi Holdings Limited will be an important part of our future”.
Addis Ababa hosts the biggest finance event of 2017
December 14, 2017 | 0 Comments
The first ever ACCA (the Association of Chartered Certified Accountants) Africa Members’ Convention was held in Addis Ababa, Ethiopia, 6-8 December. The three-day event’s theme centered on: “The impact of socio-economic trends on the future of finance and business in Africa”.
The inaugural event saw significant and relevant issues facing the accountancy profession being discussed. Several influential and renowned finance and business leaders from across the continent were in attendance, including; Ambassador Mumba S. Kapumpa (Corporate Governance Expert, Zambia), Prof. Nii Quaynor, the father of the internet in Africa, Dr. Nigel Chanakira, Chairman Success Motivation Institute, Walter Muwandi, CEO CCG Systems, South Africa, Daniel Asapokhai, Executive Secretary, CEO of the Financial Reporting Council of Nigeria, Prof. Patrick Lumumba and South African public speaker – Vusi Thembekwayo amongst many others.
The ACCA President, Leo Lee and other council members were in attendance along with over 750 ACCA members from 31 countries. The highlight of the 3-day conference was the unveiling of the Member Wall to commemorate ACCA reaching a milestone of 200,000 members worldwide.
Jamil Ampomah, director of ACCA Sub-Saharan Africa remarked, “I am delighted that the ACCA Africa Member Convention was able to bring together the best and brightest of the African accountancy profession. This conference was a fantastic opportunity for finance professionals to share their insights and discuss the topical issues they face.
In times of change globally, which we are certainly seeing now, it is important for local and regional communities to come together and forge a positive and sustainable future. By addressing the future role and relevance of accountancy and finance in Africa, this event has enabled ACCA demonstrate its membership capacity, strength and expansive network across Africa and globally”.
The ACCA Africa Members’ Convention addressed critical issues on the future role and relevance of the professional accountant in Africa, the impact of the shifting paradigms of social expectations and the economic focus supported by rapid digital transformation. Some of the topics discussed at the convention included: Innovation and the role of the accountant in the fourth industrial revolution, Ethics in a digital world; Managing and navigating the new economy; and the future of the profession: opportunities across Africa.
Also discussed was ACCA’s groundbreaking research, “Professional Accountants- the future series”, which highlights digital transformation as a major driver of change impacting business, finance and the accounting profession over the next decade. Delegates agreed that a key aspect of promoting the industry is to understand the increasing expectations of stakeholders, and develop effective approaches and systems to deliver real value to them.
ACCA (the Association of Chartered Certified Accountants) is the global body for professional accountants, offering business-relevant, first-choice qualifications to people of application, ability and ambition around the world who seek a rewarding career in accountancy, finance and management.
ACCA supports its 200,000 members and 486,000 students in 180 countries, helping them to develop successful careers in accounting and business, with the skills required by employers. ACCA works through a network of 101 offices and centres and more than 7,200 Approved Employers worldwide, who provide high standards of employee learning and development. Through its public interest remit, ACCA promotes appropriate regulation of accounting and conducts relevant research to ensure accountancy continues to grow in reputation and influence.
ACCA is currently introducing major innovations to its flagship qualification to ensure its members and future members continue to be the most valued, up to date and sought-after accountancy professionals globally.
Founded in 1904, ACCA has consistently held unique core values: opportunity, diversity, innovation, integrity and accountability. More information is here: www.accaglobal.com
READERS OF GLOBAL TRAVELER HONOR SOUTH AFRICAN AIRWAYS AS “BEST AIRLINE TO AFRICA”
December 14, 2017 | 0 Comments
Fort Lauderdale, FL (December 13, 2017) – South African Airways (SAA), the national flag carrier of South Africa and Africa’s most awarded airline has been selected by the readers of Global Traveler in the U.S. as the “Best Airline to Africa” for the 14th consecutive year in their annual reader survey. The publication presented the award to SAA at a ceremony held on December 12, 2017, at The Peninsula Beverly Hills Hotel in Beverly Hills, California.
The magazine, whose readership consists of discerning, high-frequency travelers, polls readers and reports on their preferences in its annual survey that recognizes the best in business travel. SAA’s Premium Business Class service, with its fully flatbed seats, on-demand audio-visual entertainment system in every seat, an exclusive collection of South African wines and warm African hospitality played a key role in SAA winning the award. These service attributes are complemented by SAA and its regional partners offering an extensive route network in Africa providing business travelers with many choices when traveling to, from and within the continent.
“We are grateful that the readers of Global Traveler, who are true road warriors and expect nothing short of premier experience every time they fly, recognized SAA as the Best Airline to Africa,”said Todd Neuman, Executive Vice President – North America for South African Airways. “This award,which we have received for 14 consecutive years, is proof that business travelers recognize our employee’s commitment to excellent service, both on the ground and in the air, our competitively priced fares, and our comprehensive route network throughout Africa”.
“”Congratulations to South African Airways for yet another GT Tested Reader Survey awards win. For 14 consecutive years, our readers have agreed the airline is best in Africa, a true nod to SAA’s service and quality.” said Francis X. Gallagher, publisher and CEO of Global Traveler.
As the leading carrier from the U.S. to Africa, South African Airways offers the most flights with non-stop service from New York–JFK Airport to Johannesburg and daily non-stop service from Washington, DC-Dulles to Dakar, Senegal, or Accra, Ghana, with continued service to Johannesburg. From its hub in Johannesburg, SAA together with its regional partners SA Express, Airlink and Mango offer easy, convenient connections to more than 75 destinations throughout Africa. SAA’s awarding – winning premium Business Class offers 180 fully lie-flat seating with duvet and full-size pillows, gourmet cuisine designed by renowned South African celebrity chefs, a wine cellar featuring some of South Africa’s finest vintages and extensive programming of on-demand audio and visual entertainment.For further information on South African Airways product and services, please visit www.flysaa.com or for reservations call 1-(800) 722-9675.
African presidents draw strong consensus for inclusive growth at Africa 2017
December 13, 2017 | 0 Comments
Egyptian young businessman Omar Sakr wins ‘elevator pitch’ at the Africa 2017
December 13, 2017 | 0 Comments
Women take to streets to demand end to South Sudan war
December 11, 2017 | 0 Comments
Hundreds of women take to the streets of the capital, Juba, to call for an end to the country’s devastating war.
They marched in silence, yet their message was loud and clear.Hundreds of women covered their mouths with tape on Saturday as they took to the streets in South Sudan’s capital, Juba, to demand an end to their country’s war and the suffering of its people.
Carrying posters and signs that read “Bring back our peace now!”, “Save my future, stop the war” and “Enough of the bloodshed”, women of all ages expressed their anger at a conflict now entering its fifth year.
“We, the women of South Sudan, have decided that we have had enough of this. This war has been going on for a long time,” a demonstrator said after briefly removing the piece of white tape from her mouth.
“Women continue to be raped and killed; they don’t have access to their homes, and there is no humanitarian access for people in need,” she told Al Jazeera.
“We are tired and fed up of this, and we want our leadership to understand that this is their final chance to bring peace to this country.”
South Sudan was founded with optimistic celebrations in the capital on July 9, 2011, after it gained independence from Sudan in a referendum that passed with close to 100 percent of the vote.
The country descended into conflict in December 2013 after President Salva Kiir accused Riek Machar, his former deputy who he had sacked earlier that year, of plotting a coup.
Civil war broke out when soldiers from Kiir’s Dinka ethnic group disarmed and targeted troops of Machar’s Nuer ethnic group. Machar and commanders loyal to him fled to the countryside, and tens of thousands of people died in the conflict that followed. Many starved to death.
A peace accord was signed in August 2015 and Machar returned to the capital in April last year to share power with Kiir.
However, the deal fell apart and fighting continued.
The war has resulted in tens of thousands of people being killed and a quarter of the country’s 12 million population forced from their homes
According to the UN, six million people – half of the country’s population – are in desperate need of humanitarian assistance.
More than 1.2 million are at risk of famine if humanitarian assistance is not delivered by next year.
Al Jazeera’s Hiba Morgan, reporting from the march in Juba, said attempts are under way to “revitalise that [peace] process”.
“There are efforts right now to try and bring together all the warring sides and put an end to the conflict, which the women here say has taken so much from them and their future.”
*Source Al Jazeera
Hitachi Vantara appoints new East Africa Regional Director
December 10, 2017 | 0 Comments
Hitachi Vantara, a wholly owned subsidiary of Hitachi Ltd, has appointed Wycliffe Selebwa as East Africa Regional Director.
As the Regional Director, Selebwa is tasked with working closely together with sales teams and other stakeholders to drive incremental revenue and market share in East Africa. He will also play an important part in helping clients to leverage Hitachi Vantara’s broad portfolio of solutions to influence business outcomes.
“This is an important chapter in Hitachi Vantara’s development as it strategically aligns its operations and strengthens its technology and IoT offerings, and we are confident that Wycliffe will be a valuable addition to the business as it moves forward,” says Alexander Jenewein, General Manager and Managing Director for Sub-Saharan Africa.
Prior to joining Hitachi Vantara, Selebwa held a Business Development role at Oracle. Before this he headed up Oracle’s Cloud Infrastructure sales team for almost five years. His 15 years of experience in the technology industry also includes a seven-year stint as Managing Director and Enterprise Business Lead at Hewlett Packard as well as two years managing Distribution for Microsoft in Southern and Eastern Africa.
He currently holds a degree in Public Administration and Economics from the Moi University in Kenya as well as a post-graduate diploma in Sales and Marketing from the Institute of Chartered Marketing in the UK.
“I am extremely excited to take on this new role with Hitachi Vantara and look forward to driving consistent and sustainable growth and profitability within the region. By focusing on helping customers to reap the full benefits of Hitachi’s entire solutions portfolio, I believe we can help them to exceed the expectations of both their customers and stakeholders,” The East Africa market boasts of tremendous growth in the IT space with all the vendors fighting for significant market share and growing their customer bases. Hitachi will capitalize on its broad products and solution portfolio to stay ahead of the pack says Wycliffe.
The 17th World Conference on Tobacco or Health (WCTOH) to be held for the first time in Africa where tobacco industry interference is endemic
December 8, 2017 | 0 Comments
By Wallace Mawire
Organisers of the 17th World Conference on Tobacco or Health (WCTOH)
) to be held in Cape Town, South Africa, on 7 to 9 March in 2018,
thave announced the attendance of WHO Director-General Dr Tedros
Adhanom Ghebreyesus, South Africa Minister of Health Dr Aaron
Motsoaledi and Michael R. Bloomberg, a leading actor on tobacco
control and WHO Ambassador for Noncommunicable Diseases.
For the past 50 years, WCTOH has been the premier international
forum on tobacco control and next year’s event – the first to be held
on the African continent – is expected to attract over 2000
researchers, scientists, civil society, healthcare professionals,
policymakers and media representatives from around 100 countries. It
is reported that tobacco use is the world’s leading preventable cause
of death killing more than 7 million people each year.
“This conference is being held at a critical time, both in the war on
tobacco and the drive to protect public health,” said WHO
Director-General Dr Tedros Adhanom Ghebreyesus.
“Countries have stepped up action to beat back the tobacco epidemic.
But more is needed. By embracing the Sustainable Development Goals,
governments have committed to promoting healthier and stronger futures
for their citizens. Tobacco control offers one of the surest ways to
achieve such ambitions.”
The theme of the conference is Uniting the World for a Tobacco-Free
Generation with an overarching focus on expediting progress to reduce
tobacco use in all populations around the world – using new research
and innovative approaches in public health, as well as powerful but
under-used policies, including tobacco taxation and those aimed at
preventing industry interference.
Michael Bloomberg will preside over the Bloomberg Philanthropies’
Awards for Global Tobacco Control during WCTOH. The awards recognise
leading organisations in low- and middle-income countries doing best
in class work on the most effective tobacco control policies,
collectively known as MPOWER measures: monitoring of tobacco use and
prevention policies,protecting people from tobacco smoke,offering help
to quit tobacco use,warning about the dangers of tobacco,enforcing
bans on tobacco advertising, promotion and sponsorship and raising
taxes on tobacco.
It is further added that while tobacco use is decreasing in many
countries, smoking rates in Africa are anticipated to rise
dramatically. By 2030 the number of smokers in the region is projected
to increase by 40 percent from 2010 levels, unless there is
significant intervention. Africa continues to be aggressively targeted
by the tobacco industry, as it represents an opportunity for
considerable market growth.
Dr Flavia Senkubuge, President of the 17th WCTOH and a specialist in
Public Health Medicine at the University of Pretoria, South Africa
said: “The developing world continues to be the most urgent
battleground for those working in tobacco control. We are delighted to
have the commitment of three such prominent public health champions at
the inaugural WCTOH conference to be held in the Africa region.”
Professor Harry Lando, Chair of the 17^th WCTOH organising committee
said: “We are confident that the high quality of the science being
presented in Cape Town will complement the advocacy around WCTOH – we
need both, if we are to make bigger strides in tobacco control,
especially in this part of the world.”
Some of the scientific highlights being featured at WCTOH include a
novel study around HIV and smoking in South Africa, e-cigarette use
and young people, and the impact of tobacco taxation and point-of-sale
changes on consumers.
The 17th World Conference on Tobacco or Health (WCTOH) is expected to
unite researchers, academics, non-governmental organisations, civil
society, scientists, healthcare professionals and public officials
working on all aspects of tobacco control from around 100 countries.
Convened by WCTOH’s Advisory Board, the Cape Town Consortium and the
Conference Secretariat (The Union), WCTOH is a call for a collective
resolution to fight tobacco use by working together and integrating
tobacco control into our health and development goals. Held every
three years, WCTOH is the premier international conference on tobacco
It is reported that the conference theme – Uniting the World for a
Tobacco-Free Generation – recognises that tobacco control is a global
issue, crossing all geographic boundaries. The World Health
Organization’s Framework Convention on Tobacco Control (FCTC) stands
as the backdrop for the conference and for our global response to the
tobacco epidemic. It is the only internationally, legally-binding
health treaty of the 21st century. Only by coming together are we able
to create a tobacco-free generation.
The Union is the Conference Secretariat for WCTOH. The Union is a
global scientific organisation with the mission to improve health
among people living in poverty. We do that by conducting scientific
research, working with governments and other agencies to translate
research into better health for people around the world, and
delivering projects directly in the field. The Union is made up of a
membership body of people around the world who help to advance our
mission, and a scientific institute that implements public health
projects within countries. For close to 100 years, they have been
leaders in the fight against some of the world’s biggest killers,
including tuberculosis, lung diseases and tobacco use.
SureRemit targets 250 million immigrants with non-cash remittance service
December 8, 2017 | 0 Comments
By Wallace Mawire
A big argument for the potential of blockchain and cryptocurrencies
has been about how the revolutionary technology can impact the $600bn
cross-border remittance market. Several platforms are already enabling
cheaper and faster transfer of money using cryptocurrencies like
Bitcoin; however, a new product, SureRemit, is focusing on a
particular segment: non-cash remittances.
It is reported that there are over 250 million immigrants across
the world. A significant volume of money sent by these immigrants is
intended to serve specific needs of their friends and family at home
like food, clothing, utility bills and education. Senders utilize a
myriad of formal and informal channels to move money, but while there
have been improvements in recent years, the international money
transfer process is far from convenient.
Cash transfers are heavily regulated in order to prevent money
laundering, fraud and terrorist financing, so the systems and
intermediaries involved are forced to create elaborate compliance
processes that result in high fees and less-than-ideal transaction
flows. Furthermore, after sending money home, immigrants have no
control or visibility over the use of funds.
A new blockchain-based remittance service is being created to address
this. Immigrants all over the world with Remit tokens can purchase
digital vouchers that are redeemable for goods and services directly
from local merchants at their specified destinations. This
cryptocurrency removes the cash layer, reduces the cost of transfers
and provides the sender some control and visibility over how the value
“International remittance transactions can be frustrating, but it
doesn’t have to be, at least for non-cash value transfers which
constitute about 40% of all transfers” said ‘Laolu Samuel-Biyi,
Director of Remittances at SureRemit. “In very many cases, immigrants
and travelers just want to buy food or pay a bill for someone at home.
Those transactions do not have the same risk profiles as cash
transactions, and they should not be subjected to the same costs,
timelines and procedures.”
Remit tokens are being issued in partnership with Stellar. The tokens
generated will be the primary tool for accessing digital shopping
vouchers, utility bill payments and mobile airtime services within the
SureRemit app. SureRemit already has access to over 500 redemption
points of major retail chains within the SureGifts merchant ecosystem
across Africa, with partnerships to acquire thousands of ecosystem
merchant partners in India and the Middle-East in the works. Expansion
into other major remittance corridors are planned for next year.
SureRemit is a platform for global non-cash remittances. Remit tokens
are being issued in partnership with Stellar. The tokens generated
will be the primary tool for accessing digital shopping vouchers,
utility bill payments and mobile airtime services within the SureRemit
app. SureRemit already has access to over 500 redemption points of
major retail chains within the SureGifts merchant ecosystem across
Africa, with partnerships to acquire thousands of ecosystem merchant
partners in India and the Middle-East in the works. Expansion into
other major remittance corridors are planned for next year. Pre-sale
token distribution begins December 8, 2017.
WorldRemit raises $40m to target 5 million customers in Africa
December 8, 2017 | 0 Comments
|Series C funding round brings the total amount raised to $220m|
JOHANNESBURG, South Africa, December 7, 2017/ — Leading digital money transfer service WorldRemit has raised $40m to drive its next phase of global growth, aiming to serve 10 million customers connected to emerging markets. Half of these customers will be in Africa.
As part of the expansion, WorldRemit will enable customers in Africa to transfer money to 148 countries as easily as sending an instant message, using the WorldRemit app. Countries in Africa which now receive remittances through WorldRemit, will become send countries. Most importantly, the new service will make sending money within Africa faster, easier and low cost. According to the World Bank, inter-Africa transfers are amongst the most expensive in the world.
Money transfers to Africa account for more than half of WorldRemit’s total volume of transactions. The company currently handles 74% of remittances to popular mobile money services across Africa like MTN, Ecocash, Tigo Pesa, Vodafone M-Pesa and Airtel Money, making it the global leader in mobile-to-mobile international money transfers.
Ismail Ahmed, founder and CEO at WorldRemit, comments: “This new funding will fuel our growth, and help bring our service to millions more customers across the globe. Africa is a crucial market for us and over the next few years, we will expand our services so customers can send and receive with WorldRemit, getting the benefits of our fast, secure online service.”
Since its last funding round in 2015, WorldRemit has launched 206 new services across the globe and has grown its transaction volume by 400%. Last month WorldRemit became Arsenal FC’s (www.Arsenal.com) first-ever online money transfer partner.
The Series C round was led by LeapFrog Investments (www.LeapFrogInvest.com) – a dedicated equity investor in emerging markets, supporting fast-growth firms that deliver social impact alongside commercial returns. The round also had significant participation from existing investors Accel (www.Accel.com) and Technology Crossover Ventures (TCV) (www.TCV.com).
This latest funding round follows a Series B investment raised from TCV in 2015 and a Series A from Accel and Project A in 2014 – then one of the largest ever Series A rounds in Europe.
WorldRemit (www.WorldRemit.com) was founded in 2010 by a UK-based entrepreneur from Somaliland, Ismail Ahmed, a remittance specialist and former compliance advisor to the United Nations. Personal experience of using money transfer agents convinced Ismail that technology could improve the sending process, enhance compliance and reduce costs to the customer.
In November 2017 WorldRemit became Arsenal FC’s first-ever online money transfer partner in a global sponsorship deal for all Premier League, League Cup and FA Cup games. In June 2017 WorldRemit added Android Pay to its service, offering a new way for WorldRemit’s Android Pay users to safely and securely send money to 130 million mobile money accounts accessible via its network.
WorldRemit has secured $220 million in funding backed by Accel and TCV – early investors in Facebook, Spotify, Netflix and Slack – and LeapFrog Investments.
WorldRemit’s global headquarters are in London, UK with offices in the United States, Canada, South Africa, Japan, Singapore, the Philippines, Australia and New Zealand.
LeapFrog (www.LeapFrogInvest.com) invests in extraordinary businesses in Africa and Asia. We partner with their leaders to achieve leaps of growth, profitability and impact. LeapFrog companies now operate across 33 markets reaching 111 million people with financial services and healthcare. Over 93.8 million of those are emerging consumers, often accessing insurance, savings, pensions, credit and healthcare for the first time. LeapFrog companies provide jobs and livelihoods to over 114,626 people. These companies have grown on average by 43.3 per cent per annum since LeapFrog’s investment. LeapFrog was recently named by Fortune as one of the top five companies changing the world, the first private equity firm ever to be listed.
Accel (www.Accel.com) is a leading venture capital firm that invests in people and their companies from the earliest days through all phases of private company growth. Atlassian, Algolia, Avito, Cloudera, Crowdstrike, Deliveroo, DJI, Dropbox, Etsy, Facebook, Flipkart, Funding Circle, Kayak, QlikTech, Slack, Spotify, Supercell and WorldRemit are among the companies the firm has backed over the past 30 years. The firm seeks to understand entrepreneurs as individuals, appreciate their originality and play to their strengths. Because greatness doesn’t have a stereotype.
Technology Crossover Ventures (TCV) (www.TCV.com), founded in 1995, is a leading provider of capital to growth-stage private and public companies in the technology industry. With nearly $10 billion in capital raised, TCV has invested in more than 200 technology companies over the last 20 years. Selected investments include Altiris, C|NET, ExactTarget, Expedia, Facebook, Fandango, FX Alliance, GoDaddy, Genesys Software, HomeAway, Netflix, NewVoiceMedia, RealNetworks, Redback Networks, RiskMetrics Group, Sitecore, Splunk, Spotify, Thinkorswim, VICE Media, and Zillow. TCV is headquartered in Palo Alto, California, with offices in New York and London