African Renaissance Ventures

Maya Zein Magdi Amin

My first of many blog posts is LIVE on the African Renaissance Ventures Substack. Check it out and please leave feedback or comments, we'd love to hear from you!

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FT Live is going strong! Please join our Managing Partner Magdi Amin, along with Aniko Szigetvari, Lexi Novitske, CFA and Maria Rotilu in a discussion on "The Growth of Venture Capital - Will it Continue?" at 3:00 UK time. Earlier sessions highlighted the importance of investing in future growth in Africa, and particularly in reforming economies. Join and learn more, and ask questions of the panel online and in person!

Excited to join the AlphaQ Venture Capital platform to expand our reach and share the compelling opportunities we're seeing by participating in African innovation and growth!

Save the date! Our Managing Partner, Magdi Amin, heads to London next month for the Financial Times African Summit – the premier forum where policymakers, business leaders, financiers, and visionaries convene to discuss the continent’s challenges and aspirations. This year’s theme, ‘Driving sustainable growth across Africa’, aligns neatly with our thesis at African Renaissance Ventures – investing in companies pioneering innovative approaches to drive economic transformation and growth. VC is essential for empowering the continent’s entrepreneurs and realizing Africa's potential, sustainably. Magdi will discuss the growth of venture capital in Africa alongside Lexi Novitske, of Norrsken22, Aniko Szigetvari of Atlantica Ventures VC Fund, and Maria Rotilu of Openseed VC on Tuesday, 29 October at 2.30pm. Make sure to join if you are attending the summit! FT Live #FinancialTimes #FTAfricaSummit #Africa #VentureCapital #VC #Investing

#Ethiopia's new $3.4 billion Extended Credit Facility from IMF, which backs currency reform and other reforms to support market-driven growth, was announced this morning. A carefully negotiated process, this will trigger financial support from the World Bank and others. From ARV's standpoint, it will address a key impediment to investment in Ethiopia and helps validate our confidence in Ethiopia's medium-term attractiveness as an investment destination. #EastAfrica #AfricaVC https://lnkd.in/eSKRjEFQ

Groundbreaking currency reform in #Ethiopia backed by $13m+ in financing: "FX reform will complement numerous other reform measures taken in recent years to promote the private sector. Among others, such measures have included the opening up of sectors previously closed to private/foreign investors (telecom, logistics, banking, capital markets, wholesale/retail trade), ease of doing business reforms, the start of private sector participation in public sector projects (via PPPs), the introduction of Special Economic Zones, and much more. While reforms in the above areas opened up numerous opportunities for the private sector and for driving future growth, foreign exchange policies remained a serious impediment in some cases and were thus in need of correction. Fifth, FX reform will improve Ethiopia’s attractiveness to foreign investors, thus providing a big boost to FDI inflows and aligning our business environment with those of our neighbors and peers." #AfricanVC

Drones are revolutionizing a variety of fields with their versatility and efficiency, particularly within the African landscape. At the forefront of this innovation is CHARIS UAS in #Rwanda, a company dedicated to creating drones tailored for specific needs. These drones have been instrumental in monitoring the construction of significant infrastructure projects such as the expansion of Kigali Airport. Moreover, CHARIS UAS has pioneered the use of drones in agriculture by employing them to identify and eliminate mosquito larvae in Rwandan rice paddies, effectively preventing the spread of malaria. Their technology extends beyond pest control, offering wide-ranging applications across agriculture, healthcare, environmental conservation, and more, supported by a proprietary data analytics platform for generating valuable insights. In essence, drones represent a pivotal technology in driving the African Renaissance. Eric Rutayisire Muziga African Renaissance Partners Magdi Amin Henok Assefa

Drones are revolutionizing a variety of fields with their versatility and efficiency, particularly within the African landscape. At the forefront of this innovation is CHARIS UAS in #Rwanda, a company dedicated to creating drones tailored for specific needs. These drones have been instrumental in monitoring the development of significant infrastructure projects such as the expansion of #Kigali Airport. Moreover, CHARIS UAS has pioneered the use of drones in agriculture by employing them to identify and eliminate mosquito larvae in Rwandan rice paddies, effectively preventing the spread of malaria. Their technology extends beyond pest control, offering wide-ranging applications across agriculture, healthcare, environmental conservation, and more, supported by a proprietary data analytics platform for generating valuable actionable insights. Drones represent a pivotal technology in driving the African narrative of renewal and progress. Eric Rutayisire Muziga Magdi Amin Henok Assefa