Friday February 22, an informal venture capital association for Eastern Africa was launched.
Among the seven players who came together for the informal launch include Centum, Fanisi, Abraaj, Actis, AfricInvest, Catalyst Principal Partners and TBL Mirror Fund.
The seven funds are now the founding members of the new East Africa Venture Capital Association (EAVCA) after an informal launch last Friday evening in Nairobi.
According to the partners, “Things here may be a little on hold for the upcoming elections on 4 March, but investor interest in Kenya has been thriving, and this also applies to the private equity industry.”
The partners added that the East Africa region is a key area for the private equity and venture capital industry and will aid its spread to sub Saharan Africa.”
The EAVCA’s objectives include representation of venture capital and private equity to the media , the public and other players. Policy and advocacy, Data sharing across industries, training for the East Africa Venture Capitalists and Private Equity analysts and managers and for networking.
EAVC association also appointed Fanisi Capital’s Ayisi Makatiani as its chairman before its official launch later this year.