How to make it in Africa: Pitfalls, challenges, investment opportunities and success stories © Imperial College Business School @Sobedih @SobekV Best Practice Series 2014 1
Imperial college How to make it in Africa :Opportunities for Corporate venturing funds by @Sobedih
Jun 20, 2015
Africa, a continent widely regarded as the poorest, but ironically the richest in resources. With facilities that are improving and better internet and energy access, Africa offers new opportunities for its people and for those who want to invest in Africa's future. In the first decade of the 21st century, Africa's image has changed dramatically, from that of the 'hopeless continent', to the continent of 'lion economies', analogous to the 'Asian tigers'. Five of the twelve fastest growing economies in the world are African, foreign direct investment is five times what it was a decade ago, and there is an emerging African middle class.
In this session, we focus on two main questions. First, what does it take to be a successful entrepreneur in Africa? Second, what does it take to run a successful investment fund in Africa?
In this session, we focus on two main questions. First, what does it take to be a successful entrepreneur in Africa? Second, what does it take to run a successful investment fund in Africa?
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How to make it in Africa: Pitfalls, challenges,
investment opportunities and success stories
© Imperial College Business School @Sobedih @SobekV
Best Practice Series 2014
1
© Imperial College Business School
@Sobedih @SobekV
Best Practice Series 2014
2
How to make it in Africa: Pitfalls, challenges,
investment opportunities and success stories
© Imperial College Business School @Sobedih @SobekV 3
How to make it in Africa
• Sean Ndiho Obedih
• Open Innovation and Corporate Venture capital in Africa.
• Video
• Talent
• Deal sizes/Dominant players
• Exits
• Success stories
• Opportunities.
11 February 2014 My story so far
© Imperial College Business School
@Sobedih @SobekV
How to make it in Africa
4
© Imperial College Business School
@Sobedih @SobekV 5
How to make it in Africa
Talent
© Imperial College Business School
@Sobedih @SobekV 6
How to make it in Africa
Exits: Financial
services was the
most active exit
sector (23%), but
other sectors such
as food and
beverage (9%) and
telecommunications
(8%) also made
good showings,
illustrating the rise
of the African
consumer.
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@Sobedih @SobekV 7
How to make it in Africa
Most active CVC firms.
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@Sobedih @SobekV 8
How to make it in Africa
• MPESA/VODAFONE (Kenya)
• Spotted in 2002,tried in 2004 and Launched in 2007 with
£1M funding from Vodafone&DFID
• Now in Africa, India and Afghanistan
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How to make it in Africa
• Aspen/GSK
• In 2009, GSK took a 16 per cent stake in Aspen,
• granting it the right to distribute GSK products in sub-Saharan Africa. GSK also
handed over a German manufacturing facility along with marketing rights to eight
international products.
• In 2010 Aspen took control of a GSK generic drugs unit in Australia,
• In October it bought a GSK plant in France and thrombosis treatments Arixtra
(fondaparinux sodium) and Fraxiparine (nadroparin) in a deal valued at $1.1bn.
• Those deals and others such as an alliance with Merck & Co helped Aspen become
Africa’s biggest drug maker with 6,000 employees and sales of around $1.9bn in the
year ended June 30 2013, up 27 per cent year-on-year.
• It now says it is the ninth-largest generic drug maker in the world.
• GSK, recently sold 28.2 million shares in Aspen, netting around £425m ($741m).
© Imperial College Business School
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How to make it in Africa
Opportunities: Africa now has more mobile subscribers
than the US or EU
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How to make it in Africa
Informa UK’s terrific Africa Telecoms Outlook projects 334
million African smartphone connections by 2017.
© Imperial College Business School
@Sobedih @SobekV
How to make it in Africa
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