Latest news with #privatecapital
Zawya
4 days ago
- Business
- Zawya
CFA Institute Report Examines Policy Solutions to Capital Formation Barriers in Africa and the Role Private Markets Could Play in this Development
New research from CFA Institute ( Capital Formation in Africa: A Case for Private Markets ( examines the case for mobilizing private capital to support the structural investment needs of sub-Saharan Africa. The research identifies and analyses existing barriers to the development of capital markets and offers a series of policy recommendations for regulators, policymakers, the investment industry, and international institutions active in the region. Structured as a series of market-specific chapters, Capital Formation in Africa: A Case for Private Markets ( covers 11 African economies, with contributions from local investment industry leaders in Botswana, Ethiopia, Kenya, Mauritius, Nigeria, South Africa, Uganda, West Africa (with a focus on Côte d'Ivoire and Senegal), Zambia, and Zimbabwe. Dr. Phumzile Mlambo-Ngcuka, Former Deputy President of South Africa, writes in her foreword to the research: 'The CFA Institute research illuminates the current state of Africa's capital markets but also serves as a call for stakeholders to engage thoughtfully with the markets evolving dynamics. It is my hope that this work will inspire policy reform and innovative solutions that navigate the complexities of capital formation with investor protection and strategic foresight. In doing so, we can shape the future of finance and drive the socioeconomic development of Africa.' Ahmed Rashad Attout, Director of Financial Sector Development at the African Development Bank, also comments in his foreword to the research: 'At the African Development Bank, we are committed to building enduring partnerships with stakeholders who share our vision of a prosperous, inclusive, resilient, and integrated Africa. It is in that spirit that we welcome this important research from CFA Institute. The publication provides a much-needed local perspective on capital market development in Africa. Its conclusions and recommendations provide a basis for advancing the development of the investment solutions needed to build the efficient, dynamic, and integrated capital markets that Africa needs to drive its development agenda.' The research will be launched today in Abidjan, where the African Development Bank is holding its annual meeting, during a panel discussion ( moderated by Olivier Fines, CFA, Head of Policy Research and Advocacy at CFA Institute. Fines adds: 'There is historically a strong correlation in various parts of the world between capital market development and socioeconomic progress. This research seeks to consider the main barriers to capital formation in sub-Sahara Africa and whether private markets, particularly private equity and private debt, can be a catalyst for stronger capital market development in the region. The authors believe private capital is particularly suited to the region's current structural investment needs, including infrastructure and small- and medium-sized enterprise funding. The research also considers the potential for mixed finance projects and offers enduring lessons for sub-Saharan Africa based on the successes of the Asian tiger economies.' Recommendations in the report: For Regulators and Policymakers: Offer regulatory clarity and predictability through clear roadmaps and policy consultations when making significant changes to existing legislation Issue guidance on the regulatory treatment of private assets Develop strong and standardized corporate governance rules to improve corporate governance practices, the bedrock of investor confidence For Governments: Consider forming public-private partnerships to stimulate the growth of financial infrastructure Collaborate with local firms to deliver investor education campaigns and offer grants and scholarships to students and early-career professionals pursuing accredited professional licensing qualifications Consider initiating projects to create endowment-like funds aimed at generating economic growth in various sectors of the economy Coordination between public authorizers and the private sector can make clearer the objective to integrate capital markets within the economic fabric of society For Institutional Investors and the Investment Industry in Sub-Saharan Africa: Allocate resources and provide incentives for professionals to improve their skills; identify areas of skill deficits and recruit talent to address gaps Consider targeting small- and medium-sized enterprises in marketing campaigns that highlight the availability of funding and capital-raising options Develop private markets by aligning long-term and stable financing needs of SMEs and startups with private market's long-term investment horizon Leverage local institutional investors (local pension funds, insurance firms, and sovereign wealth funds) as long-term anchor investors in capital markets Distributed by APO Group on behalf of CFA Institute. For further information or to speak with the research authors, please contact: pr@ Follow CFA Institute on: LinkedIn X : @ CFAInstitute. About CFA Institute: As the global association of investment professionals, CFA Institute sets the standard for professional excellence and credentials. We champion ethical behavior in investment markets and serve as the leading source of learning and research for the investment industry. We believe in fostering an environment where investors' interests come first, markets function at their best, and economies grow. With more than 200,000 charterholders worldwide across 160 markets, CFA Institute has 10 offices and 160 local societies. Find us at About the CFA Institute Research and Policy Center: The CFA Institute Research and Policy Center brings together CFA Institute expertise along with a diverse, cross-disciplinary community of subject matter experts working collaboratively to address complex problems. It is informed by the perspective of practitioners and the convening power, impartiality, and credibility of CFA Institute, whose mission is to lead the investment profession globally. Visit the Research and Policy Center at
Bloomberg
5 days ago
- Business
- Bloomberg
KKR EMEA Co-Heads: Private Capital a Growth Enabler
"Governments are actively talking to us more than ever," says Tara Davies, Co-Head of KKR EMEA. "Having private capital as an enabler of growth and economic development is a positive trend," adds fellow Co-Head Mattia Caprioli. The pair joined The Opening Trade with Anna Edwards, Guy Johnson and Kriti Gupta. (Source: Bloomberg)
Bloomberg
5 days ago
- Business
- Bloomberg
'We Need Private Capital Investments' in Africa, Says UBA's Elumelu
Speaking to Bloomberg's Jennifer Zabasajja at the Qatar Economic Forum in Doha, African tycoon Tony Elumelu stressed the continent's plan to diversify. The chairman of the United Bank for Africa, Tony Elumelu, said that Africa is a "great destination" for investment. "The global south is beginning to look within for opportunities," he explained as Gulf countries show more interest in investing in the African continent. Citing infrastructure problems, particularly for electricity, Elumelu stressed the importance of private capital investments. (Source: Bloomberg)
Bloomberg
7 days ago
- Business
- Bloomberg
AfDB Presidential Hopeful Eyes $4.5 Trillion in Private Capital
Africa should tap domestic private capital to fund development and reduce reliance on costly international borrowing, said a contender for the African Development Bank presidency. The AfDB currently lends around $10 billion annually against regional needs topping $100 billion, said Senegal's Amadou Hott, who is one of five candidates vying to lead the bank as Nigeria's Akinwumi Adesina prepares to step down.
Malay Mail
23-05-2025
- Business
- Malay Mail
Carta receives Financial Services Permission from ADGM's Financial Services Regulatory Authority, unlocking new phase of growth in MENA's Venture Capital and Private Equity Ecosystem
Carta and ADGM representatives at Abu Dhabi Finance Week 2024 RIYADH, SAUDI ARABIA - Media OutReach Newswire - 23 May 2025 - Carta , the software platform purpose-built for private capital, today announced its Financial Services Permission (FSP) from ADGM's Financial Services Authority (FSRA), unlocking a new phase of growth in Middle East and North Africa (MENA). This milestone significantly advances Carta's global mission to make private markets more accessible, transparent, and equitable. As the world's largest fund administrator for venture capital, Carta will support the private market ecosystem in the MENA region with its end-to-end software platform for fund operations, in addition to its cap table and equity management solutions for Dhabi, renowned as the "capital of capital," has shown exceptional growth in the financial services sector. Carta's expansion comes as the UAE establishes itself as a key player in the Middle East, constituting 40% of all funding rounds in the region—a 9% year-on-year increase—according to industry reports . In 2024, assets under management (AUM) within ADGM grew by 245%, with 134 fund and asset managers operating 166 funds by the end of has strategically chosen ADGM as the location for its new Middle Eastern office, strengthening the company's commitment to aligning with regions that demonstrate significant market potential and robust economic policies. Located at Hub71 WeWork, in the heart of the financial district, Carta's new office serves as a strategic base for expanding sales and marketing efforts in the MENA region, a region the company sees as highly promising."The Middle East is the perfect place for Carta expansion," said Bhavik Vashi, Managing Director of Carta APAC & MENA. "The regulatory framework in ADGM is one of the most progressive we've seen globally–exactly the type of environment needed to fuel the private markets, which is why we have made a big bet here."Over the past two years, Carta has been laying the groundwork for its expansion by engaging in conversations with key government-linked institutions, such as ADGM, the Financial Services Regulatory Authority (FSRA), the Abu Dhabi Investment Office (ADIO), and the Abu Dhabi Department of Economic Development (ADDED). These discussions have surfaced ongoing private equity needs that Carta is equipped to solve, offering MENA funds a comprehensive suite of software and services, including quarterly reporting, compliance services, and end-of-year tax and audit Ramamurthy, Chief of Market Development Officer at ADGM said; "We congratulate Carta on receiving their FSP from ADGM. We are thrilled to welcome them to ADGM's dynamic ecosystem, where innovation, growth, and opportunity thrive. Your presence enriches Abu Dhabi's financial landscape, and we look forward to supporting your success in this vibrant and forward-thinking community."Carta currently supports a number of prominent regional customers, including Global Ventures, BECO Capital, Cotu Ventures, Outliers VC, Dubai Future District Fund, and Middle East-based unicorns Foodics and Kitopi. With ADGM license approval, Carta will continue to collaborate with the local VC & PE ecosystem to further enhance the company's service offerings and deliver greater value for the Middle East's growing private #Carta The issuer is solely responsible for the content of this announcement. About Carta Carta connects founders, investors, and limited partners through world-class software purpose-built for everyone in venture capital and private equity. Carta's world-class fund administration platform supports nearly 9,000 funds and SPVs representing over $188B in assets under administration on fund administration, SPV formation, and more. Trusted by more than 50,000 companies, Carta helps private businesses in over 160 countries manage their cap tables, valuations, taxes, equity programs, compensation, and more. Carta has been included on the Fortune Best Large Workplaces in Financial Services and Insurance list, Forbes' list of the World's Best Cloud Companies, Fast Company's Most Innovative list, and Inc.'s Fastest-Growing Private Companies list. For more information, visit DISCLOSURE: This communication is on behalf of eShares, Inc. dba Carta, Inc. ("Carta"). This communication is for informational purposes only, and contains general information only. Carta is not, by means of this communication, rendering accounting, business, financial, investment, legal, tax, or other professional advice or services. This publication is not a substitute for such professional advice or services nor should it be used as a basis for any decision or action that may affect your business or interests. Before making any decision or taking any action that may affect your business or interests, you should consult a qualified professional advisor. This communication is not intended as a recommendation, offer or solicitation for the purchase or sale of any security. Carta does not assume any liability for reliance on the information provided herein. ©2025 Carta. All rights reserved. Reproduction prohibited. Regulated by the Financial Services Regulatory Authority.
