The World Health Organization (WHO) recently declared the coronavirus (COVID-19) as a pandemic. As the number of novel coronavirus (COVID-19) cases continues to climb, and health officials consider the means of counteracting its spread, investment professionals in East Africa are keen to understand the impact this outbreak may have on their firms and portfolio companies, and what measures they should consider taking to potentially mitigate that impact.

As investors and businesses attempt to navigate these unprecedented times, the East Africa Private Equity and Venture Capital Association (EAVCA) invites you to a webinar series exploring what it takes to continue performing through uncertainty.

The series of webinars will be broadcast twice a week and will feature a host of experts discussing the most pressing topics facing the private equity and venture capital industry today.

To launch this series, EAVCA will initially host a two-part web panel titled “Doing Deals in Uncertain Times: Insights on COVID-19 Disruption” that will bring together the perspectives and counsel from leading regional advisors.

Part 1 will be hosted on Friday 27 March at 11.00am (EAT) and will cover the following:

  • Effects of COVID-19 on the private equity and venture capital industry.
  • How PE/VC firms can take care of their teams and ensure continuity of critical processes
  • Assessing sectors that are likely to be most affected by a prolonged duration and severity of COVID-19 and how to best support portfolio companies.
  • Impact on valuing investments and doing deals.
  • What typical transaction features will mitigate any worsening in performance?

Part 2 will be hosted on Tuesday 31 March at 11.00am (EAT) and will cover the following:

  • Emerging opportunities for private equity and venture capital amidst the panic
  • Cash flow and liquidity for COVID-19 resilience
  • Negotiating losses in times of crisis
  • Strengthening supply chains in East Africa in the face of COVID-19 disruption
  • Best Practices in PE and special situation strategies.

For more information please email esther@eavca.org.

 


 

Speakers

Andia Laura Chakava (Moderator)

Andia Laura Chakava is an African gender lens investing expert. She is the Investment Director at the Graca Machel Trust to drive the organization’s gender lens investing initiative and is leading the team to create a Pan African women’s investment fund.

Andia is one of the first female fund managers in the East Africa region and has been instrumental in the set up of two fund management companies from scratch in Kenya (Old Mutual Investment Services and Alpha Africa Asset Managers) where she served in each as Managing Director. She is also the founding Chairperson of New Faces New Voices Kenya chapter (women in finance network) and is the founding principal of AC Advisory. She is passionate about facilitating intra Africa investment, championing women’s economic empowerment and creating strategic alliances to promote gendered financial impact.

She is a non-executive director of Sterling Investment Bank, East African Educational Publishers and is a former board member of Echo network Africa.

She has over 16 years’ experience in fund management and over 6 years of driving women economic empowerment goals. In 2014 and 2018 she was named Africa’s most influential woman in financial services by CEO magazine and in 2018 won the National Diar Inclusion and Diversity Business Executive champion award in Kenya. In 2019 she was named as a ‘woman to watch’ by Forbes magazine in 2020.

She holds a Master of Business Administration in Finance with merit from Cass Business School in London and an honours degree in Economics from York University in Toronto. She enjoys travelling, imparting knowledge and bikram yoga.

Edward Burbidge

Edward founded Burbidge Capital (now I&M Burbidge Capital) in September 2010 and has run the business as Chief Executive Officer since then. Edward previously worked in the City of London for over 10 years initially as a fund manager with Deutsche Bank Tilney Private Wealth and later as an investment banker with Arbuthnot Banking Group Plc, working with a number of corporate clients in developing markets.Edward is a CFA Charterholder, member of the UK Society of Investment Professionals and the East Africa Society of Investment Professionals. He also sits on Nairobi Securities Exchange’s Business Development and Public Education Committee, and is a member of His Excellency President Uhuru Kenyatta’s Taskforce for Parastatals Reforms.

Gladys Makumi

Gladys Makumi leads the Financial Advisory Team in Deloitte East Africa. She has over 15 years of experience in advisory engagements ranging from financial due diligence, business valuations, financial modeling, and transaction advisory to post mergers advisory services.

Her wealth of experience spans from financial services (“FSI”), manufacturing, healthcare, manufacturing, agro-processing, business and consumer services, aviation to telecommunications sectors, having advised various local and international clients ranging from blue chip companies, private equity firms and small and medium enterprises.

Frank Mwiti

Frank is the EY East Africa Markets Leader responsible for the top line growth of the firm across our Advisory, Transactions, Assurance and Tax services in line with EY’s significant investment plan and growth ambitions. Together with the Africa Markets executive group, he ensures that the EY brand continues to build renown in our chosen markets and sectors and that our client experience becomes more distinctive.

He has over 19yrs experience in Strategy, M&A, Governance and Execution of large complex transformational programs in Banking, Private Equity, Technology, Manufacturing, Energy and Telecommunications. Prior to joining EY, he was Managing Director of a Management Consulting firm in London (UK) that designed, implemented and remediated complex cross-border projects for global multinationals, hedge funds and PE firms; was an Associate Director at UBS Investment Bank (UK) and held Management roles in Assurance and Advisory at EY (UK) and PwC (UK and Kenya).

Frank Holds Executive Management qualifications on Business Strategy and Artificial Intelligence from MIT SLOAN (US) and on Data Science from University of California San Diego (US) and General Assembly (UK). He also holds an LLB from the University of Nairobi and is a Certified Public Accountant of Kenya (ICPAK).

Kairo Thuo

Through his many years of practice, Kairo CPA (K), CPA (T) ACII, LLB (Hon) has developed extensive experience in all areas of taxation in East Africa and has also been involved in tax matters involving other countries in Africa. His experience involved all areas of taxation and was also involved in establishment of specialized tax service lines in direct and indirect taxation including customs, international tax and transfer pricing.

Amongst many of his key achievements Kairo remains the only individual to-date to be recognized by the Kenya Revenue Authority in the annual taxpayers’ awards for contribution towards tax education in Kenya having also been recognized by the IFC for outstanding tax advice contribution in the Kenya and Uganda Railways concession process. He also contributed to capacity enhancement for the East Africa Law Society and the Institute of Certified Public Secretaries of Kenya.
Kairo is also Director at Kenya, Power & Lighting Company (KPLC), Special Economic Zones Authority, ICEA-Lion Group and NCBA Bank Plc.