Andile Khumalo’s Post

#GLOBALSOUTHALERT: #MORTGAGEE (TYPICALLY A LENDER SUCH AS A #BANK) NOT A #TRUSTEE FOR THE #MORTGAGOR (#BORROWER) –"It is well settled that a mortgagee is not a trustee of a power of sale for the mortgagor. Once the power has accrued, the mortgagee is entitled to exercise it for his own purposes whenever he chooses to do so. It matters not that the moment may be unpropitious and that by waiting a higher price could be obtained. He has the right to realize his security by turning it into money when he likes. [ See: Cuckmere Brick Co. Ltd Vs Mutual Finance Ltd [1971] Ch. 949 ] ; FOR FURTHER DETAILS, CLICK LINK: https://lnkd.in/egccdq4d TAGLINE: "#TREASURE THE #PEARL , RIDE #SPECIAL #MOBILITY." LINK: https://lnkd.in/dQeAywjs VISION STATEMENT: "WHOLE BUSINESS SECURITIZATION (#WBS) FOR #AFRICA AND #BEYOND

#GLOBALSOUTHALERT – : #BANK STANDS TO LOOSE FOR FAILURE TO KEEP PROPER RECORD OF CUSTOMER ACCOUNT TRANSACTIONS – "Any bank which fails to keep proper records of accounts cannot sustain an ascertainable claim against a customer. ( See: Ezekiel Osugo Angwenyi & Another Vs. National Industrial Credit Bank Limited (2007) eKLR ]" FOR MORE DETAILS: https://lnkd.in/dd5Bkx7c In Excellent Assorted Manufacturers Ltd & Anor Vs DFCU Bank Limited & Anor, Pg 81, Hon. Mr. Justice Boniface Wamala had the following important observation on that point as cited below: . "It appears to me that the use of the URA receipt to explain this transaction is an attempt by the 1st Defendant to use any available documents that appear to be proximate in time to explain certain transactions even when there is no nexus between the documents. I find this trend unacceptable. Simply because a payment was done around the time the queried transaction was effected cannot be used as evidence to explain the query. Relying on a decision to which this court was referred by Counsel for the Plaintiffs, I agree that a Court of law cannot determine issues of accounts based on guesswork. TAGLINE: "#TREASURE THE #PEARL , RIDE #SPECIAL #MOBILITY." LINK: https://lnkd.in/dQeAywjs VISION STATEMENT: "WHOLE BUSINESS SECURITIZATION (#WBS) FOR #AFRICA AND #BEYOND."

#Corporate #venturecapital, once the preserve of more developed markets, is increasingly making its mark in #Africa. Anza Capital is one local #investment #business whose strategy aligns with global #trends in corporate venturing. 

#Corporate #venturecapital, once the preserve of more developed markets, is increasingly making its mark in #Africa. Anza Capital is one local #investment #business whose strategy aligns with global #trends in corporate venturing. 

Despite the #GlobalChallenges we face, including rising inflation, geopolitical tensions, and supply chain disruptions, #Opportunities continue to emerge in #MenaRegions. The #VentureCapital landscape has encountered hurdles such as declining valuations, slower funding cycles, and a growing focus on profitability over rapid growth. Regions like MENA, Southeast Asia, and Africa are showcasing #Resilience and promise, attracting both local and international #Investors. Their untapped potential, coupled with #Strategic #Efforts to drive #Innovation, has positioned them as #Dynamic #Hubs for #Economic #Growth and #Transformation. 🌏🌹🌏 #GlobalEconomy #Inflation #VentureCapital #Geopolitic #EmergingMarkets #Innovation #MENA #SoutheastAsia #Africa #SupplyChains

Successful exits on the horizon for Africa’s VC sector https://lnkd.in/edrrNttt Despite a challenging 2023 for Africa's venture capital (VC) ecosystem, marked by political challenges, sluggish growth, and reduced access to funding, the sector is now poised for recovery. As investor withdrawals shook the market, African VCs demonstrated the power of collaboration with portfolio companies and aligned co-investors, highlighting pathways to successful exits. According to Southern African Venture Capital & Private Equity Association (SAVCA) CEO Tshepiso Kobile, who addressed over 200 key industry stakeholders at the 2024 SAVCA VC Conference, “Synergy with Collaboration” is the driving theme for fostering growth in the VC space. The discussions provided a valuable glimpse into the evolving funding landscape and the importance of co-investment in ensuring successful outcomes.

Africa's venture capital (VC) sector is primed for growth despite the challenges of recent years. Successful exits are on the horizon, driven by collaboration and a focus on impact.   Heleen Goussard, Director of RisCura's unlisted investment business, highlights that "VC funds are, by nature, impact funds. We need to get better at understanding and quantifying what our impact is, as LPs are data-driven and require this data to invest."  This is crucial as Africa's VC industry matures and exit opportunities expand. Read more here: https://lnkd.in/dt4kzr3C  #VentureCapital #AfricaVC #ImpactInvestment #InvestWithCare #SAVCA2024 #RisCura

Romania’s First Regional Investment Fund for Business Acceleration, Ready for Launch, by Nine O’Clock Romania’s first regional investment fund for business acceleration, an initiative of the West Regional Development Agency (WRDA / ADR Vest), is set to begin. The first stage of selecting the manager for the financial instrument dedicated to accelerating businesses has been initiated. The financing is provided through the West Regional Program 2021-2027. “This is a very important moment for the entire West Region of Romania, because one of the pillars of our regional development policy in the current financial cycle is to finance and invest in early-stage companies that have a technological component. We are talking about the well-known business accelerators that have a ‘seed money’ component, and secondly, we are talking about venture capital funds. Our target is to have a unicorn in our region by 2027. To achieve this, we are planting seeds now, which we will nurture and grow in the coming years. This type of investment does exactly that – it helps the development of companies that have ideas and knowledge but lack resources, and this is where we step in to help them grow,” said Sorin Maxim, General Director of West Regional Development Agency - West RDA. #newsfromcompanies #NINEOCLOCK #Romanianews #Romania #dezvoltatinvest #regiopor #regiuneavest #adrvest #investitii #fondurieuropene #educatie #tietz #bastilia #resita #carasseverin #dezvoltaminvest #dezvoltamimpreuna #ModernizămRomânia #Digitalizare #TechInnovation #Fintech #Networking #CommunityBuilding https://lnkd.in/dq5cKEEu

Despite global economic challenges, recent evidence shows companies can successfully scale in Africa and achieve significant exits. TLcom Capital LLP, a VC firm, has almost doubled its previous round of funding to $154 million, attracting investment from the US and Europe. This further demonstrates resilience in the African tech market, with VC firms raising over $655 million for Africa's tech industry since November. Key African markets such as Nigeria, Kenya, South Africa, and Egypt significantly benefit from this trend. TLcom's funding round follows other notable fundraising efforts, including Partech's Africa fundraising of $300 million in February and Norrsken22 raising $205 million five months ago | Maurizio Caio Chan Zuckerberg Initiative #AfricaTech #VentureCapital #Investment #TechInAfrica #ScalingUp #VCfunding #TLcomCapital #EmergingMarkets #AfricanEconomy #Entrepreneurship https://lnkd.in/dfas29QF

Venture capital plummets in Africa, down to $4.5B in 2023, indicating market challenges and a shift in investor focus towards resilient sectors. #AfricaTech #VentureCapital #MarketTrends