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Issue

03

PE Monthly
Publication
TZ PE UPDATE

TZ PE Update is a monthly publication


providing updates and news on the
development of Private equity and
Venture capital industry in Tanzania,
and across the region

Photo: FSDT The Gathering event, discussing Venture Capital The Update is published by Tanzania
Funding-Incubating Companies for IPO and Listing, held on 20th July Venture Capital Network
2017 in Dar es Salaam
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TO GET A COPY? SUBSCRIBE BY SENDING US YOUR EMAIL ISSUE # 3, JULY 2016

Local Headlines
Tanzania inflation slows down to 5.2% in July
2017
The Annual Headline Inflation Rate for the month of
July, 2017 has further decreased to 5.2% from 5.4%
recorded in June, 2017. This decrease in headline
inflation explains that, the speed of price change for
commodities in the year ending July, 2017 has further PE & VC Updates
decreased compared to the speed of price change
recorded in June, 2017. African start-ups raised between USD 129m to USD
367m in 2016
Acacia starts negotiations with the Government
over tax bill Partechs report says there was an uptick in startup
investment on the continent. In 2016, the report says, African
The government of Tanzania has started negotiations startups raised $366.8 millionmuch higher than the $129
with Barrick Gold Corporation, majority shareholder of million reported by Disrupt Africa
Acacia mining, to resolve the tax dispute of USD 190
billion PE exist hit record high in 2016

Bank of Tanzania cuts discount rate further The number of exits achieved by PE houses in Africa has
showed an upward trend with a record number of 48 exits in
2016.
The Bank of Tanzania (BoT) has once again cut its
M&Es dominate EA deals rising to USD 1 billion
discount rate by three percentage points in a deliberate
attempt to improve liquidity in commercial banks and M&As dominated regional deals in the first 7 months of 2017
spur growth of credit to the private sector. as disclosed value of such transactions went up by 45% to KES
113.5 billion
TVCN PE UPDATE | Issue 03 2

Ethiopian Kenya news Uganda news Upcoming


news events
Aureos fund to UDC to list
Ethiopia exit Deacons government- Training
merges aviation stake owned firms on
Workshop
industry Aureos East stock market
Creation of Africa Fund, , has how VC works
FAST FACTS
Ethiopian agreed to sell its in Tanzania to
5.53% stake in UDC plans to be held at
United Republic of Airlines Group NSE listed rejuvenate ailing Serena hotel
Tanzania has created a retailer, Deacons and defunct
GPD (USD): 44..9 billion fear of East Africa, to on 24th August
public
monopoly and Centum
companies 2017
Population: (Census 2012) 44.9 million
conflict of Investments in an
undisclosed deal. before listing Register to
GDP growth rate: 7% interest in the
them on the info@tvcan.org
aviation
stock market.
GDP per capita: $864.86 industry


MONTHLY VC JARGON Important links
SUMMARY
www.avca-africa.org
Tanzania Venture Capital Network is
EBITDA
http://www.eavca.org
a not for profit initiative established Earnings before interest, tax, depreciation
to promote the growth and and amortization (EBITDA) is a measure http://empea.org
development of private equity and of a company's operating performance. http://tavca.com
venture capital industry in Tanzania Essentially, it's a way to evaluate a
company's performance without having to www.sokoinsight.com
The Network focuses on; factor in financing decisions, accounting www.ssc.co.tz
decisions or tax environments
Training

Research and Insights

Events and networking

Awareness

Advocacy

Call us on: +255 656 006 106

Email: info@tvcan.org

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