Private Equity Multiples in Africa Over Time

Median EV/EBITDA multiples of listed equity in Africa have trended downward since the end of 2013. Conversely, median private equity multiples have steadily increased. There is a convergence of private equity and listed equity multiples at around 8x EV/EBITDA. A similar trend was observed after the GFC in the US, where a flight to quality...
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Digital currency could spark African financial revolution

Cryptocurrency, or simply put, digital currency that uses cryptography as security, and blockchain, the technology it runs on, provide opportunities to reach Sub Saharan Africa’s largely unbanked population – a number that stood at 326 million adults in 2011 according to the World Bank. The media is increasingly touting the technology as the key...
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Some SA start-ups not that affected by junk status

Despite South Africa’s political and economic issues, local start-ups with innovative ideas are catching the attention of international investors who spot an opportunity to scale these businesses in overseas markets.   A case in point is GetSmarter, a Cape Town based online education company founded in 2008. It was sold to NASDAQ-listed, 2U,...
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Pension funds can play a pivotal role in African aspirations for 2063

African equities have recently faced strong headwinds, despite the positive fundamental growth prospects presented by the continent, writes RisCura Africa’s Business Development Executive, Gerald Gondo.   If one considers the negative return profiles of a number of the African equity indices over the last two years, it would not be surprising...
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