AVCA Yearbook 2006.AVCA AVCA American Volleyball Coaches Association AVCA American Veterinary Chiropractic Association AVCA African Venture Capital Association AVCA Almaden Valley Community Association AVCA Automobil Veteranen Club Austria AVCA Apoyo Vital Cardiopulmonar Avanzado Yearbook 2006 [pounds sterling]200 AVCA ISBN ISBN abbr. International Standard Book Number ISBN International Standard Book Number ISBN n abbr (= International Standard Book Number) → ISBN m : 10: 0-9551648-4-2 [ILLUSTRATION OMITTED] The African Venture Capital Association (AVCA) is a not-for-profit Not-for-profit An organization established for charitable, humanitarian, or educational purposes that is exempt from some taxes and in which no one in profits or losses. entity founded to promote, develop and stimulate private equity and venture capital in Africa. It now has 90 members from 23 countries and its headquarters is in Yaounde Ya·oun·dé The capital of Cameroon, in the south-central part of the country. Population: 1,180,000. Noun 1. Yaounde - the capital of Cameroon capital of Cameroon , Cameroon. This is the second time that AVCA has published its Yearbook. One of the key findings of AVCA's research is that an increasing focus on later stage private equity investments in Africa is creating an early stage funding gap. Almost two thirds of funds raised were for later stage investment. Other highlights of the research indicate that the total amount of private equity funds raised in Africa declined by 42.7% in 2005 to $557m, compared to $971.8m in 2004, with the highest proportion of funds raised by South Africa South Africa, Afrikaans Suid-Afrika, officially Republic of South Africa, republic (2005 est. pop. 44,344,000), 471,442 sq mi (1,221,037 sq km), S Africa. . Furthermore, 37.8% of capital in 2005 was provided by government and aid agencies totaling $210.5m, compared to $45.6m in 2004 representing 4.7%. Levels of overall private equity investment in Africa fell by 27% in 2005 to $948.3m, compared to $1.3bn in 2004. South Africa recorded the highest level of investment activity accounting for 81.6% of the total volume of investments. Commenting on the research, Barbara James, managing director of AVCA, says "Whilst early stage investment has dominated the volume of investment activity in Africa in 2005, the amount of funds raised to focus on early stage has declined significantly. This highlights a growing funding gap which we believe needs to be addressed to help sustain economic improvement in Africa. "The proportion of private equity capital being provided by government and aid agencies has increased in the last year. Nonetheless, we believe that there are significant opportunities for more specialist funds--buyout, mezzanine mez·za·nine n. 1. A partial story between two main stories of a building. 2. The lowest balcony in a theater or the first few rows of that balcony. , fund of funds--to be raised for investment in Africa given the developing financial and investment infrastructures across the region. There also remains a lack of private capital in Africa--with the one exception of Nigeria--and we would like to see further incentives for private capital to be invested into the asset class." The research data for AVCA's Yearbook 2006 was compiled by Thomson Financial Thomson Financial A major provider of information, analytical tools, and consulting services to the financial community. The firm, a division of Thomson Corporation, is best known to investors for its First Call segment, which publishes consensus earnings and PricewaterhouseCoopers with additional research in South Africa conducted by the South African Venture Capital Association and KPMG KPMG Klynveld Peat Marwick Goerdeler (accounting firm) KPMG Kaiser Permanente Medical Group KPMG Keiner Prüft Mehr Genau (German) KPMG Kommen Prüfen Meckern Gehen . [ILLUSTRATION OMITTED] |
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