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Steve Iwenjora Joins Industry Leaders at AVCA 2026 to Discuss Liquidity in African Private Capital

April 29, 2026 by African Capital Alliance
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Steve Iwenjora, Partner at African Capital Alliance (ACA), participated as a panellist at the 22nd Annual AVCA Conference & VC Summit, held in Nairobi, Kenya, where he joined leading private capital professionals to discuss one of the industry’s most pressing priorities: liquidity.

Speaking on the panel titled “Liquidity, Reimagined,” Steve shared perspectives on how fund managers are navigating today’s exit environment, exploring practical approaches to unlocking liquidity through secondaries, continuation vehicles and consolidation-led exit strategies. The discussion also examined the trade-offs, execution challenges and evolving definition of successful exits in African private capital.

The panel brought together distinguished industry leaders, including Stéphane Bacquaert of Adenia, Adewale Odusanya of Verod, Richard Okello of Sango Capital and Alicia Harel of MCB, providing diverse perspectives on the future of liquidity across the continent’s private capital ecosystem.

The AVCA Annual Conference & VC Summit is Africa’s leading private capital gathering, convening investors, fund managers, policymakers and business leaders from across the continent and beyond to discuss the trends and opportunities shaping the future of African investment. This year’s conference focused on rethinking traditional investment models and exploring innovative approaches to capital deployment, value creation and exits.

Participation in industry forums such as AVCA reflects African Capital Alliance’s continued commitment to contributing to conversations that advance Africa’s private capital industry while sharing insights gained from more than two decades of investing across the continent.

Contribution

 

  • Contributing to create modern day economies.
  • Showing ethical leadership in business.
  • Providing positive leadership contributions in our communities.
  • Contributing to policy making and good governance.
  • Going for win-win, sustainable long-term outcomes at all times.
  • Positively contributing to environmental, social and governance issues.

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Excellence

 

  • Being best in class measured against international benchmarks.
  • Seeing Excellence as a habit that requires consistency.
  • Doing-it-right-the-first-time mindset.
  • Displaying a can-do spirit through setting and meeting high performance objectives.
  • Flawlessly executing.
  • Showing sound business judgment and competences.

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Discipline

 

  • Exhibiting constancy of purpose.
  • Showing consistency of action.
  • Exhibiting self-control; self-mastery and confidentiality (emotional intelligence).
  • Playing by agreed rules at all times.
  • Delivering on promises and commitments.
  • Proactively planning ahead of implementation.

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Humility

 

  • Listening, respect for and consideration of others.
  • Having a team/ organization first mindset.
  • Committing to learning and improvement (we are a learning organization).
  • Focusing more on team results than personal visibility.
  • Being self-aware.
  • Willingly rolling up one’s sleeves and getting to work.

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Integrity

 

  • Acting with right intentions that are in the best interest of all parties.
  • Modelling courage by speaking the truth and talking straight with respect.
  • Doing the right thing consistently, irrespective of what is popular or expedient.
  • Being true to all core values even when no one else knows of it.
  • Holding the firm’s interest above our personal interests.

This will close in 0 seconds

Integrity

 

  • Acting with right intentions that are in the best interest of all parties.
  • Modelling courage by speaking the truth and talking straight with respect.
  • Doing the right thing consistently, irrespective of what is popular or expedient.
  • Being true to all core values even when no one else knows of it.
  • Holding the firm’s interest above our personal interests.

This will close in 0 seconds

Humility

 

  • Listening, respect for and consideration of others.
  • Having a team/ organization first mindset.
  • Committing to learning and improvement (we are a learning organization).
  • Focusing more on team results than personal visibility.
  • Being self-aware.
  • Willingly rolling up one’s sleeves and getting to work.

This will close in 0 seconds

Discipline

 

  • Exhibiting constancy of purpose.
  • Showing consistency of action.
  • Exhibiting self-control; self-mastery and confidentiality (emotional intelligence).
  • Playing by agreed rules at all times.
  • Delivering on promises and commitments.
  • Proactively planning ahead of implementation.

This will close in 0 seconds

Excellence

 

  • Being best in class measured against international benchmarks.
  • Seeing Excellence as a habit that requires consistency.
  • Doing-it-right-the-first-time mindset.
  • Displaying a can-do spirit through setting and meeting high performance objectives.
  • Flawlessly executing.
  • Showing sound business judgment and competences.

This will close in 0 seconds

Contribution

 

  • Contributing to create modern day economies.
  • Showing ethical leadership in business.
  • Providing positive leadership contributions in our communities.
  • Contributing to policy making and good governance.
  • Going for win-win, sustainable long-term outcomes at all times.
  • Positively contributing to environmental, social and governance issues.

This will close in 0 seconds