Fie Insights

Public Private Partnerships (PPPs) are always structured as Special Purpose Vehicles (SPVs) for reasons outlined in our previous article on the Fundamentals of PPPs. An SPV’s financial performance is analyzed on its own merit, it carries its own risks and it does not affect other investments made by the parties who have invested in it....

In our previous thought leadership, we explored why developing economies in Africa should tap into private sector and sovereign funds to finance their Nationally Determined Contributions (NDCs). Development of climate resilient infrastructure will play a key role in climate risks mitigation and adaptation going into the future; hence there is a need to widen the...

Over the past decade, governments across Africa have been working towards transitioning their countries into developed economic status. This development race is characterized by increased investment in transport and energy infrastructure; as well as other public utilities such as hospitals, schools, waste management systems, and public recreation facilities. However, funding for these mega projects across...

Global VC funding has been cooling off in 2022, following an aggressive rally in the past two years. However, Africa has largely been an outlier in this trend by evading the slowdown; until the month of July. The month of July experienced a 20% drop from the amount raised in the same month in 2021;...

Since 2020, investment flows into the startup ecosystem in Africa has been at an all-time high; hitting USD 5.2 billion in 2021; as reported by the  African Private Equity and Venture Capital Association (AVCA). Ticket sizes for later-stage investments have consistently crossed the USD 100 million mark; and we are starting to see the capital...

According to the Africa focused startup funding data platform The Big Deal, Kenya bagged more than 90% of all the startup funding that was invested in Eastern Africa from 2019 to May 2022. At USD 1.9 billion, Kenya received more than 10x the amount received by Tanzania over the same period at USD 152 million....

Venture capital funding activity in Africa has been on a steep rise in the past couple of years, with the startup ecosystem raising about USD 4.9 billion in 2021; according to the Africa Investment Report 2021 by Briter Bridges. The figure was about 3x the amount raised in 2020 and 2019 at about USD 1.7...

In 2021, MarketForce made a 100% strategic acquisition of Digiduka in order to enhance their value propositions to their target customers; and achieve quicker scale for their merged operations. The deal was announced in June 2021; a month before MarketForce closed their pre-series A funding round of USD 2 million from a group of venture...

In 2021, the total value of merger and acquisitions (M&A) deals in Africa was about USD 58 billion. This fades in comparison with the global M&A deals value of USD 5.9 trillion the same year. With a GDP of USD 3.4 trillion, Africa has not yet attracted super huge M&A deal sizes. However, as specific...

Under the mission of the Glasgow Finance Alliance for Net Zero, every company, bank, insurer, and the investor will need to adjust their business models, develop credible plans for the transition to a low-carbon, climate-resilient future, and then implement those plans. Private finance can help fund private sector initiatives and turn billions committed to climate...

According to World Bank, there is great interest globally on the role of small and medium size (SME) enterprises in employment creation, income generation and economic development. They represent about 90% of businesses and more than 50% of employment worldwide. Formal SMEs contribute up to 40% of national income (GDP) in emerging economies. In Kenya,...