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- Tony Colman

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Published in: Economy & Finance, Business

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  • 1. EXITS BUSINESS DEVELOPMENTS IN AFRICA
  • 2. UK EXAMPLE OF INSTITUTIONAL INVESTMENT INTO VENTURE CAPITAL AND THE ROLE OF PPP
    • Tony Colman
    • Member of UK parliament
    • IDC 2000 -2005
    • Associate Director Africa Practice
  • 3. UK GOVERNMENT SUPPORT FOR VENTURE CAPITAL
    • 24% of new jobs from venture capital companies and 1% from the economy as a whole.
    • Venture capital companies account for 2 million jobs in UK (10% of UK private workforce).
    • UK pension funds invest 1% in venture capital.
    • UK insurance companies only 3% of UK venture money (only 152 million pounds)
  • 4. UK GOVERNMENT SUPPORT
    • Venture capital trust.
    • Enterprise investment scheme.
    • Government underwriting of first 200k pounds of bank loan.
    • Business link
    • -support of SME
  • 5. NEW (Since 1997)
    • 1. 7 regional development agencies
    • (50k pounds -2 million pounds).
    • 2. Community investment tax credit …25% tax credit for investors local difficult areas.
    • 3. PFI/PPP.
    • Funding of DBFO from local government pension funds.
    • Small /medium businesses involved.
    • 4p’s -Pathfinders
    • Transparency
  • 6. COMMISSION FOR AFRICA
    • UK has in 2005 G8 and EU presidencies.
    • Role of private sector to deliver prosperity with DIFID.
    • Project Development
    • DEVCO
    • INFRACO
    • TAF
    • Credit and capital markets
    • -EAIF
    • -GUARANCO
    • -CDC
  • 7. COMMISSION FOR AFRICA
    • ROLE OF PRIVATE SECTOR THROUGH AVCA AND MARKET TREASURY
    • Diaspora Funds
    • VCT
    • EIS
    • All within International development tax relief (IDTR)
    • Remittances
    • Into social housing and venture capital.
  • 8. COMMISSION FOR AFRICA
    • Role of private sector in PPP.
    • AU NEPAD business round table.
    • African investment advisory
    • NEPAD Infrastructure Facilitation Fund (NIFF).
    • Endorsed by world bank and NEPAD at bending the arc Conference July 2005.
    • African pension funds.
    • African national and local governments.
    • African business.
  • 9. AFRICAN INVESTMENT RULES
    • African investor survey –Allan Kamau.
    • WTO –Singapore issues (public procurement, trade facilitation, competition, investment rules)
    • UNCTAD /AU NEPAD movement.
    • Single approach within AU
    • -certainty
    • Sustainable investment commission proposed in UK.
    • 6% benchmark for venture capital -60% for Africa
  • 10. SOCIALLY RESPONSIBLE INVESTMENT
    • APPG SRI UK parliament.
    • From 2000, all UK pension funds start yearly their policy as a “Statement of investment principle on social on Social, Ethical and Environment Grounds”.
    • UKSIF
    • EUROSIF
    • AFRICASIF? –In conjunction with AVCA.