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PanAfrican Capital Holdings Sets up The Catalyst Project to Promote African Entrepreneurship

Dec 13, 2021   •   by   •   Source: Proshare   •   eye-icon 693 views

Monday, December13, 2021 / 01:22 PM / by The Catalyst / Header Image Credit: APO Group

 

In commitment to its vision to deliver exceptionalservices in chosen markets and create value for stakeholders, PanAfricanCapital Holdings 'PAC Holdings' has set up a venture capital project, to beknown as The Catalyst, to identify and invest in growth to product-expansionstage companies with convincing business models and market opportunities.

 

As a proprietary investment company with the focus tooffer strategic investment solutions and unlock value across emerging andfrontier markets across Africa, PAC Holdings acknowledges the vital role oftechnology in driving economic growth in Africa.

 

According to the Venture Capital in Africa Report, "90% of all reported VC deals between 2014 and 2020 were in technology-enabledcompanies operating across a variety of sectors. Financials accounted for thelargest share of VC deals by both volume (22%) and value (26%) from 2014 -2020, with Information Technology (18%) and Consumer Discretionary (16%)accounting for the second and third largest share of VC deals by volume withinthe same timeframe". This trend is expected to continue with more opportunitiesfor technology solutions arising in a post covid world.

 

Toluwalope Oni, the Global Coordinator of TheCatalyst, said, "The Catalyst Project has been set up to facilitate and financethe delivery of technology-enabled solutions, as well as promote Africanentrepreneurship. Our industries of primary focus are pivotal gears of adigital African economy, and these include finance, education, health,agriculture and logistic".

 

Some of the objectives for the initiative includedriving a culture of innovation and contributing to the delivery offorward-thinking market value across Africa.

 

"The project's target is to inject an initial sum of$1,000,000 into 'growth stage' businesses that meet its criteria of; a clearlydefined minimum viable product, solving a need/gap either on the demand orsupply side in Africa, generating revenue enough to cover direct costs, seekingcapital to boost expansion required to achieve exponential scale and little orno debt balances in the company's balance sheet", the Global coordinator added.

 

The identified sectors, given current macro-economicrealities, represent the key underlying catalyst for Sustainable EconomicGrowth in emerging and frontier economies. Selected businesses that becomesuccessful would benefit from PAC Holdings access to an ecosystem of strategicinvestors & mentors, and enjoy product/service synergies.


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Proshare Nigeria Pvt. Ltd.

Proshare Nigeria Pvt. Ltd.

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