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Proud to see the release of PEVCA's H2 2024 Legal and Regulatory Report! This edition dives into key trends shaping Nigeria’s private equity and venture capital landscape – from regulatory reforms to sectoral opportunities in fintech, agribusiness, healthcare, and renewable energy. Kudos to the Legal & Regulatory Committee and all contributors for their invaluable insights and expertise. Excited to see how this shapes the ecosystem moving into 2025!

This goes to all, but especially finance and accounting experts to join in on the sustainability reporting conversation with elite sustainability reporting expert and consultant Joseph Owolabi, FCCA, PMIIA, MAICD Don't miss it! Join the conversation.

In this Year End Review and Outlook Report, the PEVCA Nigeria Legal and Regulatory Committee analyses Nigeria’s private equity and venture capital landscape in 2024 and 2025.  Curated by the association's Legal & Regulatory Committee, the Report offers a comprehensive overview and actionable insights into Nigeria's #privateequity and #venturecapital ecosystem. The Report's contributors highlight key economic and investment trends; exit strategies; sectoral opportunities including in fintech, agribusiness, healthcare, and renewable energy; regulatory reforms including the CBN’s FX reforms and the SEC’s revised rules for private equity and venture capital funds; the increasing integration of ESG and sustainable finance principles as well as strategies for navigating foreign exchange risks, and tax optimisation. Feature interviews with Adesuwa Okunbo Rhodes of Aruwa Capital Management, and Oluwatosin Ojo, CFA of Sahel Capital spotlight gender-lens investing and agribusiness potential, underscoring the sector's role in driving impact and innovation. The PEVCA LRC extends its sincere gratitude to Adesuwa, Tosin, as well as contributing authors from AELEX, ALN Nigeria | Aluko & Oyebode, Àrgentil Capital Management Limited (ACML), Banwo & Ighodalo, Deloitte, Detail Commercial Solicitors, Duale, Ovia & Alex-Adedipe, EY, G. Elias, KPMG Nigeria, Olaniwun Ajayi LLP, TNP, and Udo Udoma & Belo-Osagie for their participation, expertise and thought leadership, which have enriched the Report. ========== #PrivateCapital #NigeriaInvestments #RegulatoryReforms #ESG #SustainableFinance #LegalInsights #EconomicGrowth #ImpactInvesting #Fintech #Agribusiness #Healthcare #RenewableEnergy #ForeignExchange #ThoughtLeadership Akinola A. | Folake Elias Adebowale | Damilola Adedoyin | Anuoluwapo Balogun | Terry Akaluzia | Fidelis Adewole | Kuburat Abubakar | Adeniyi Duale | Ayodele Adeyemi-Faboya | Tobi Asechemie | Ola Toba | Bukola Bankole | Ololade Agboola | Ajibola Olomola | Benedicta Onyeodi LL.B, ACTI | Lolade Ososami | Solomon Adegboyo | Chinyerugo Ugoji | Blessing Adukwu | Dipo Onabanjo | Joseph Odianosen Eimunjeze | Itoro Uwemedimo Etim | Ayodeji Oyetunde

𝗟𝗮𝗼𝘀: 𝗣𝗶𝗼𝗻𝗲𝗲𝗿𝗶𝗻𝗴 𝗠𝗦𝗠𝗘 𝗖𝗿𝗲𝗱𝗶𝘁 𝗚𝘂𝗮𝗿𝗮𝗻𝘁𝗲𝗲𝘀 🚀 The Laos Credit Guarantee Company (LCGC) is set to transform MSME financing in #Laos! End of September, Deputy Minister H.E. Mr. Bountheung Douangsavanh from the Ministry of Industry & Commerce of Lao PDR led the launch meeting with key stakeholders, including the The World Bank and Bank of Laos. 🌍💼 LCGC will provide the first-ever credit guarantees for MSMEs, partnering with commercial banks to unlock crucial funding for local businesses. This initiative is poised to drive economic growth and increase tax revenues. GOPA AFC is delivering technical assistance in two phases. Phase 1 saw the development of an approved business plan. In Phase 2, we are guiding LCGC’s incorporation, building capacity, defining product features, and onboarding partner financing institutions (PFIs). 💰📈 Supported by World Bank capital, LCGC aims to attract private funding by sharing credit risks with PFIs, creating a catalytic impact. This approach contrasts with traditional government-subsidized MSME credit, which distorts the market and meets only a fraction of the needs. Our team of international experts is committed to achieving the ambitious goals set by this initiative. #AFCFinDev #MSMEfinance Jakob Lutz, Indrajith Wijesiriwardana, Cedric Javary, MetaMeta, GOPA Consulting Group

Last week, I had the privilege to participate in the CISI Nigeria Members Forum, which centered around the theme "Exploring Opportunities in a Volatile Market-Getting the Best of Infrastructure Funding, Risk Management, and Social Responsibility Investing". The event, hosted at the prestigious Radisson Blu, featured insightful talks by industry experts JUDE CHIEMEKA and Obinna Okafor. JUDE CHIEMEKA Acting CEO of Nigeria Exchange Limited (NGX), shared invaluable insights on Infrastructure Funding through the Nigerian Capital Market. His focus on green bonds sheds light on how these debt instruments facilitate financing for environmentally friendly projects, contributing to sustainable development. Obinna Okafor, CEO of Vicosbin Consult Ltd., delivered a compelling presentation on Compliance Risk Management in the Capital Market. He underscored the significance of this often overlooked risk and emphasized its potential to become a costly expense if not effectively managed. The forum provided a platform for robust discussions and networking opportunities, offering attendees like myself a deeper understanding of key market dynamics and avenues for strategic growth. #CISINIGERIA #InfrastructureFunding #RiskManagement #SocialResponsibilityInvesting #NGX #VicosbinConsult #Sustainability #ClimateAction #InvestmentInsights

The Nigerian Investment Promotion Commission (NIPC) has announced significant changes to its service fees, effective October 1, 2024. Key updates include increased fees for business registration, Pioneer Status Incentive applications, and new penalties for application abandonment. For a detailed breakdown of these changes and their implications, please refer to the attached slide. Don’t forget to like, comment, and share this post! Follow us to stay updated and never miss our next update. #RegulatoryUpdate #NIPC #NigeriaBusiness #JacksonEttiandEdu

Step in the right direction.

Jayakrishnan V E Surekha Rao SEBI has notified the SEBI (Alternative Investment Funds) (Second Amendment) Regulations, 2024. Key Points: 1. Encumbrances on Equity: Category I and II AIFs can now create encumbrances on the equity of their investee companies involved in infrastructure projects. This is solely for borrowing purposes.    2. Framework and Conditions:   - Existing schemes (pre-25 April 2024) can create encumbrances if disclosed in the Private Placement Memorandums (PPMs) with associated risks.   - Encumbrances created before 25 April 2024 can continue with proper disclosure. If not disclosed, consent from all investors is required by 24 October 2024. Failing that, they must be removed by 24 January 2025.   - Any other encumbrances must be removed by 24 October 2024. 3. Borrowing Utilization: Borrowings against encumbrances must be used only for the investee company's development, operation, or management, not for investments in other companies. This must be included in investment agreements. 4. Investor Protection: In case of a default by the investee company, AIFs must ensure the fund or its investors are not liable beyond the encumbered equity. These amendments aim to streamline investment in infrastructure projects while safeguarding investor interests. #sebi #aif #amendments #regulations #investment #funding

🇷🇴 🎤 Iulian Sorescu, Partner and Head of Financial, State-Aid and Management Consulting in our #Bucharest office, was invited to speak at the edition "Information is the new oil" as part of the series of events dedicated to #SMEs in Romania, hosted by Ziarul Financiar and IMM Club. 📝 Some key takeaways from his #insightful talk: 💡 Companies can access non-reimbursable funds to increase production capacity, with numerous financing opportunities available right now. The number of projects has grown significantly, budgets may no longer be as generous as in previous years, they will be even more limited in the future. ⏳ NOW is the perfect moment to apply for non-reimbursable funding. 🏢 Large companies apply because they know the rules, while small companies often avoid applying out of fear. 🙏 Special thanks to Liviu Sav, FCCA for the invitation to share our perspective. All contributions can be found at the link here 🔗 https://lnkd.in/dS6YP6sS (Romanian only) #intheknow #StateAid #BusinessGrowth #FinancialConsulting #Romania #ZiarulFinanciar #SupportingBusiness