Archive | Venture Capital RSS feed for this section

Kuranga & Associates VC Fund (Update)

12 Apr

David O. Kuranga, Ph.D.

The author is the Managing Director and Principal of Kuranga and Associates, a full-service investment, political and economic risk consultancy, and asset management firm that specializes in Africa. He is also the author of The Power of Interdependence with Palgrave Macmillan Press.

We are in the process of wrapping up our seed round for our SME Venture Fund for Nigeria. Kuranga and Associates Venture Capital is a new 30 million dollar Venture Capital Fund for Nigeria specializing in Small to Medium-size Enterprises (SMEs). The fund expects to hold its first closing in 2013. SMEs have a vital role to play in developing economies as they account for a large percentage of the overall growth in the economy. For a myriad of reasons it is difficult for international capital investors to access privately owned businesses across Africa. The goal of Kuranga & Associates Venture Capital is to help remove this obstacle and provide international capital for talented African entrepreneurs starting in Nigeria. Kuranga and Associates is currently forming strategic partnerships with individual and institutional investors.

Our target investors and institutional partners seeking high-yielding investments also have a desire to make an impact through socially responsible investing (SRI). The fund targets a capital of $33 million USD (first closing at $18 million USD). Along with our partners, the fund seeks to acquire additional individual and institutional investment commitments. The growth of the SME sector in Nigeria far outpaces the growth found in many of the conventional financial markets. Individual investors that are seeking to diversify their portfolio to include high-yielding investments in Africa should take a close look at our fund. For details contact us by email or phone.

David O. Kuranga; Ph.D. Managing Director
Kuranga & Associates Global Consultancy
Phone: 212.363.0936
david.kuranga@kaglobal.net
https://kurangaandassociates.wordpress.com
http://us.macmillan.com/thepowerofinterdependence/DavidOladipupoKuranga

Kuranga & Associates Venture Capital

7 Nov

Kuranga & Associates Global Consultancy
Office: 646.481.6263
New York, NY
david.kuranga@kaglobal.net
https://kurangaandassociates.wordpress.com/

Kuranga and Associates Venture Capital Fund

25 Sep

Kuranga and Associates is launching a new 30 million dollar Venture Capital Fund for Nigeria specializing in Small to Medium-size Enterprises (SMEs). The fund is currently in fund-raising stage and expects to hold its first closing by the beginning of 2013. SMEs have a vital role to play in developing economies as they account for a large percentage of the overall growth in the economy. For a myriad of reasons access to credit is a major obstacle for talented entrepreneurs across Africa. The goal of Kuranga & Associates Venture Capital Fund is to help remove this obstacle for talented African entrepreneurs starting in Nigeria. Kuranga and Associates is currently forming strategic partnerships with individual and institutional investors. For more information about the fund contact Kuranga and Associates MD, David Kuranga directly by email: david.kuranga@kaglobal.net, or phone: 646.481.6263.

Kuranga & Associates Global Consultancy
Office: 646.481.6263
New York, NY
david.kuranga@kaglobal.net
https://kurangaandassociates.wordpress.com/

Calling Investors

5 Jul

We are looking for any individual or institutional investors interested in investing in a new VC Fund focused on SME’s in Nigeria. Investments will be targeted at renewable energy, agriculture, and firms that have a solid history of profitability and growth. The minimum investment is 1,000,000 USD for individuals and 5,000,000 USD for institutional investors. If you or anyone you know is interested and would like further details, please contact me directly.

David O. Kuranga, Ph.D.
Managing DirectorKuranga & Associates Global Consultancy
Office: 212.363.0936
New York, NY
david.kuranga@kaglobal.net
https://kurangaandassociates.wordpress.com/
http://us.macmillan.com/thepowerofinterdependence/DavidOladipupoKuranga

Boko Haram: Mali Connection?

14 Jun

David O. Kuranga, Ph.D.

The author is the Managing Director and Principal of Kuranga and Associates Global Consultancy, a political and economic risk management firm that specializes in Africa. He is also the author of The Power of Interdependence with Palgrave Macmillan Press.

According to the President of Niger Mahamdou Issoufou, the rebellion in Mali has direct links to the terrorist organization Boko Haram operating in Nigeria. Like Boko Haram the rebel faction Ansar Dine in Mali is an Islamic fundamentalist group that has links to Al Qaeda in North Africa. Their common ties likely mean that the two groups have members that train together and are likely sharing weapons and other resources. It has also been reported that Boko Haram has fighters in Mali. The link has led to speculation as to whether the impending multilateral intervention in Mali will lead to increased activity in Nigeria and whether militants will cross from one territory to the other.

The link between Boko Haram, Al Qaeda, and Ansar Dine seems more functional than ideological. The groups are working together along the lines of their common interests. However in totality their alliance does not appear to be as cohesive as has been speculated. The agenda of Boko Haram is as political as it is religious and ideological. It appears that they have financial backing from elite elements from the north of Nigeria. Ansar Dine financial backing is largely from Qatar in the Middle East. Aside from the mutual benefit from training and weapons, they do not appear to have any substantive intersecting interests with Ansar Dine. Still since the collapse of the regime in Libya, more weapons and munitions have been floating around the Sahara region than ever before. Military action in Mali will see the weapons move to other territories perhaps even back into Libya where local lords have carved out territories under their control.

One of the likely beneficiaries of the multilateral intervention in Mali may indeed be Boko Haram. If their strategic Al Qaeda ally Ansar Dine is defeated, their weapons and much of their support could come to Northern Nigeria where Boko Haram has come under increasing crackdowns on their hideouts by security forces in Nigeria. Al Qaeda in Algeria may also get a boost of both weapons and fighters after the multilateral intervention in Mali. Mauritania along with Niger are also both likely to have greater security threats along their western and northern fronts respectively pending the multilateral intervention in Mali. All three states have held meetings in Nouakchott, Mauritania and have stepped up patrols along their border with Mali. Along with Nigeria, all three of Mali’s neighbors are under increased security risk that will not go away with the collapse of the rebellion in Mali. Just as the governments of surrounding countries are increasing their vigilance to guard against the threat coming from Mali, investors and firms operating in these countries need to also take steps to guard against the rising political risks they face as a result of these developments.

See my previous article on this topic.

Kuranga and Associates Global Consultancy is a political and economic risk management firm with a principle practice area of Africa. To learn more about Kuranga and Associates go to www.kaglobal.net. © Copyright 2012 David Kuranga. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

David O. Kuranga, Ph.D.
Managing Director

Kuranga & Associates Global Consultancy
Office: 212.363.0936
New York, NY
david.kuranga@kaglobal.net
https://kurangaandassociates.wordpress.com/
http://us.macmillan.com/thepowerofinterdependence/DavidOladipupoKuranga

Is the PDP Era Coming to an End?

29 May

David O. Kuranga, Ph.D.

The author is the Managing Director and Principal of Kuranga and Associates Global Consultancy, a political and economic risk management firm that specializes in Africa. He is also the author of The Power of Interdependence with Palgrave Macmillan Press.

In Nigeria, the ruling party, the Peoples Democratic Party (PDP) remains in control of the apparatus of the state. They are expected to continue an agenda of deregulation and privatization. Politically there are few challenges to the PDP’s hold on power over the next few years. However the gains made by the opposition in the 2011 election should still be considered troubling. If they are able to consolidate these gains in yet another electoral cycle they may be able to unseat the PDP from power for the first time since 1999. While the national flag bearer and presidential candidate for the main opposition coalition the Action Congress of Nigeria (ACN), Mallam Nuhu Ribadu, did not fear well in the 2011 presidential election their prospects for 2015 are much brighter. It is expected that the popular ACN Governor of Lagos State, Babatunde Fashola, will make a run for the presidency. Lagos is the largest city and the most populous state in Nigera. In addition to Fashola, former labour union leader and current ACN Governor of Edo State, Adams Oshiomhole, may also run or perhaps team with Fashola to defeat the PDP in 2015.

Fashola is credited with revitalizing Lagos State with infrastructure, security, investment, sanitation facilities, and urban renewal projects not seen throughout much of the country. He is one the few political bright spots, running a state that is seen largely as accountable and progressive with lower levels of corruption than in much of the country. Oshiomhole won his first term as governor after contesting his initial loss due to rigging by the ruling party in his state. In a judicial review of the election he was declared winner and hailed nationally as an opposition leader ready to stand firm in the face of corruption from the ruling party. Oshiomhole already had national recognition as head of the umbrella National Labour Congress (NLC) of Nigeria. As head, he led several successful national strikes to prevent hikes in the price of fuel that crippled the economy and brought the country to a standstill forcing political leaders to cave. A union of these two nationally recognized and widely popular opposition leaders will be the biggest test of the strength and ability of the ruling party to hold on to the presidency.

With Fashola currently in is second and final term as governor of Lagos it is very possible, if not likely that this faceoff between the ruling party and the most popular leaders in the opposition is on the horizon. While it is unlikely that the PDP will be dislodged from power at the local levels or within the national assembly as a whole, it is a strong possibility that the party will lose the presidency in 2015. Currently there are no PDP leaders with the same stature and popularity as these two main opposition governors. It is not clear if President Jonathan will run again. With the debate over zoning in the ruling party that surrounded his selection as the party’s candidate in 2011, based on an unwritten agreement among party leaders was that the presidency would rotate between the north and the south. With the selection of Jonathan, a former governor from the south, sources within the party reveal that it was decided that a northern candidate will be selected in 2015 to contest the presidency for the ruling party. Internal fighting within the party and leaders jostling to become the chosen candidate of the ruling party, may further work to undermine whoever is eventually selected. Given this reality, it is not advisable to assume that PDP will continue to rule in Nigeria beyond 2015. Depending on the performance of the current administration, the long era of PDP rule in Nigeria may be in its final days.

Kuranga and Associates Global Consultancy is a political and economic risk management firm with a principle practice area of Africa. To learn more about Kuranga and Associates go to www.kaglobal.net. © Copyright 2012 David Kuranga. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

David O. Kuranga; Ph.D.
Managing Director
Kuranga & Associates Global Consultancy
Phone: 212.363.0936
david.kuranga@kaglobal.net
https://kurangaandassociates.wordpress.com/            http://us.macmillan.com/thepowerofinterdependence/DavidOladipupoKuranga

Nigeria Catches Up With South Africa

29 May

David O. Kuranga, Ph.D.

The author is the Managing Director and Principal of Kuranga and Associates Global Consultancy, a political and economic risk management firm that specializes in Africa. He is also the author of The Power of Interdependence with Palgrave Macmillan Press.

Nigeria is currently on record as Africa’s second-largest economy, and one of the fastest growing economies on the continent and in the world. However, it is only a matter of a year or two before Nigeria becomes Africa’s largest economy. Presently it is roughly equal to South Africa. Nigeria is expected to rebase its economy in 2012 in order to provide an accurate measure of its actual size. When neighbouring Ghana rebased its economy in 2010 it was found to be 60% larger than had previously estimated jumping from USD 18 to USD 31 billion. Nigeria is expected to have a similar jump once the rebase is completed this year. Rebasing adds different weighting on sectors that have changed over the last 30 years. In Nigeria the telecommunications industry, banking industry, and real estate and infrastructure sectors will receive different weights due to the growth in these sectors over the last few decades. According to Renaissance Capital, Nigeria could eclipse South Africa by 2014 and is presently likely to be roughly equal in size already at over USD 400 billion. According to projections by Price Waterhouse Coopers, Nigeria not only will be the largest African Economy in the next few years but will also eclipse major European Economies like Italy and Spain by 2050 and become one of the top 20 largest economies in the world.

Kuranga and Associates Global Consultancy is a political and economic risk management firm with a principle practice area of Africa. To learn more about Kuranga and Associates go to www.kaglobal.net. © Copyright 2012 David Kuranga. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

David O. Kuranga; Ph.D.
Managing Director
Kuranga & Associates Global Consultancy
Phone: 212.363.0936
david.kuranga@kaglobal.net
https://kurangaandassociates.wordpress.com/             http://us.macmillan.com/thepowerofinterdependence/DavidOladipupoKuranga

MD Director David Kuranga Speaks at Murdock Symposium

13 Mar

Kuranga and Associates Managing Director, David Kuranga, spoke at the Murdock Capital Investment Opportunities in Energy Symposium on Friday March 2. He spoke on behalf of Nova Capital Africa Analytics, a division of Nova Capital Investment Bank that works with Kuranga and Associates in developing research products for investors in Africa.

See Video Link Below:

http://webcast.murdockcapital.com/InvestOp010NovaCapital.htm

Kuranga and Associates Global Consultancy is a political and economic risk management firm with a principle practice area of Africa. To learn more about Kuranga and Associates go to www.kaglobal.net. © Copyright 2012 David Kuranga. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

David O. Kuranga; Ph.D.
Managing Director
Kuranga & Associates Global Consultancy
Phone: 212.363.0936
david.kuranga@kaglobal.net
https://kurangaandassociates.wordpress.com/