ValuAlliance Money Market Fund Attains an A+(f) on its Annual Fund Risk Rating
ValuAlliance is pleased to announce that the fund risk rating of its Money Market Fund has been reviewed upward from A(f) to A+(f) by Agusto & Co., one of Nigeria’s rating agencies. The rating reflects the Fund’s low exposure to credit, liquidity, and interest rate risks and the strict adherence to regulatory and internal guidelines.
Within the review period (March 2021 – February 2022), the Fund held an average of 30% of net assets in Federal Government of Nigeria (FGN) securities, which are rated ‘Aaa’ on the national rating scale.
Funds rated ‘A+(f)’ are believed to have low to moderate exposure to downside risk (impairment to the net asset value) in the medium term. The Fund’s main objective is to continue providing investors with a steady return on capital, liquidity, and capital preservation by making credible investments in a diversified portfolio of high-quality, short-term money market instruments.
About the ValuAlliance Money Market Fund
ValuAlliance Money Market Fund is an open-end collective investment scheme promoted and managed by ValuAlliance Asset Management Limited (‘ValuAlliance’)- a wholly-owned subsidiary of the African Capital Alliance (ACA) Group.
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Ben Dabrah to speak at the AVCA 2022 Conference
The countdown to the much-anticipated PE industry event, the 18th Annual AVCA Conference, has begun. This year, ACA will be contributing to the conversations at the conference themed “Private Capital in Africa at a Crossroads,” scheduled to hold from April 25th – 29th, 2022, in Dakar, Senegal, as a physical event.
Benjamin Dabrah, Partner and Value Creation Lead, ACA, will join other leaders and private equity experts in a panel discussion, “A Rocky Road: How to Create Value and Secure Exits in Africa,” to explore the challenges of executing vision and creating value amidst global uncertainty.
The Annual AVCA Conference brings together world-class investors, policymakers, and business leaders for interactive sessions, solutions-driven dialogue, and dynamic networking.
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Okechukwu Enelamah Speaks at the Doha Forum
The Qatar Africa Business Forum hosted the 20th edition of the Doha Forum in Qatar on March 26th – 27th, 2022. The two-day event themed “Transforming for a New Era” featured several panel discussions on critical themes, including geopolitical alliances and international relations; the financial system and economic development; defense, cybersecurity, and food security; sustainability and climate change.
During the session “Reimagining Business Models in the Post-Pandemic Era,” Okey Enelamah, Chairman, ACA, in a panel with Choguel Kokalla Maïga, Prime Minister, Mali, Bethlehem Tilahun Alemu, Founder and Executive Director, SoleRebels Phillip Ihenacho, Founder and Partner, Amaya Capital, and Richard Okello Founder, Sango Capital (moderator), explored how business leaders are rethinking urban planning and putting policies in place that may contribute to resilient societies, circular economies, and sustainable urban growth. They also took a critical look at the most significant investment opportunities that exist in Africa.
In response to a question about negative or positive surprises encountered in the evolution of African countries, Okey expressed that in his dealings as a business leader, he has been, on several occasions, pleasantly surprised by the responses of the youth- by way of innovations amongst other things, in the face of adversity and difficulty. On the other hand, he was negatively surprised at how ill-prepared the African continent is for changes happening around it, resulting in a subdued response to the world’s needs across sectors. He cited an example of the low investments made into the energy sector where the continent should ordinarily feature prominently.
He also stressed that post-pandemic, the way forward is a focus on the tech ecosystem and its interface with various sectors to achieve superior growth.
#BreakTheBias: ACA celebrates International Women’s Day (IWD) 2022
The month of “March” is observed annually as the women’s month, and March 8th commemorates International Women’s Day (IWD).
This year, African Capital Alliance (ACA) marked the IWD 2022 with the theme #BreakTheBias, contributing to the conversation “#BreakingtheBias: Transformational Journey- Professional and Personal Experience” in a roundtable event. The event focused on the ACA women sharing their experiences. More importantly, it presented an opportunity to take stock and re-strategize on how to drive better parity within the communities free of bias, stereotypes, labels, and discrimination, as well as empower others.
The keynote speaker, Dr. Ogechi Adeola, Associate Professor of Marketing and Head of the Department of Operations, Marketing and Information Systems at the Lagos Business School, Pan-Atlantic University, Nigeria, talked about her transformational journey and shared insights on navigating through stereotypes and biases. The event culminated with fun and engaging conversations in Q & A style.
International Women’s Day (IWD) is a global movement dedicated to celebrating progress, raising awareness, and showcasing commitment toward strengthening gender equality and empowerment of all women.
Ogedi Onyeama Speaks at the AVCA’s Pension Funds and Private Equity in Nigeria
The African Private Equity and Venture Capital Association (AVCA) and Pension Fund Operators Association of Nigeria (PenOp) in December 2021 launched the inaugural Pensions Funds and Private Equity in Nigeria Study.
This study marks the launch of a broader partnership between AVCA and PenOp, investigating and assessing the role of Nigerian pension funds in empowering local investors in Nigeria’s private equity industry.
Ogedi Onyeama, Head Investor Relations at ACA, was hosted among other esteemed industry experts by AVCA in a webinar to mark the launch. The discussions analyzed the responses from Nigeria’s leading pension fund managers incorporated in the report, exploring their interest and perception of private equity as an asset class.
Ogedi, in speaking to the drivers for the private equity industry in Nigeria, had this to say “Despite recent macro headwinds and what has turned out to be a very challenging environment for raising capital, we hold the firm view that the fundamentals of our market support a really strong medium to long-term growth story, and that there are opportunities to create value and provide very attractive returns to investors through private equity investments.
The growth drivers include the youth demographics of our market, organisation trends that have driven consumption, the infrastructure deficit, underserved consumer demands in many sectors – including Tech, opportunities to bridge the digital divide and drive digital transformation in various sectors and industries/value chains and markets, as well as opportunities created by reforms to build large companies that deliver skill. These drivers present opportunities for private capital to find and back strong management teams in the right sectors and create value for the market and investors.”