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East Africa Capital Partners (EACP)

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East Africa Capital Partners (EACP)

Overview:

East Africa Capital Partners (EACP) is a technology, media and telecommunications sector focused Venture Capital Fund Manager investing in the greater Eastern Africa region.

The central hypothesis is that Eastern Africa's ICT Sector is set to undergo a period of sustained growth that will provide above average returns on carefully selected investments in technology, media & telecoms growth equities. This strategy is based on a number of key underlying drivers:
1
The region as a whole has seen sustained macro economic growth with average real GDP growth for the region in excess of 6% and a consensus that it is likely to remain so in the medium term;

2
Political recognition by all the governments in the region of the importance of ICT to future economic growth, backed by concrete government steps to promote the sector as an engine of that growth;

3
Development of key enabling ICT infrastructure that will make the region globally competitive, such as the construction of regional fiber optic backbones and at least 2 international maritime fiber optic cables servicing the region;

4
Positive Steps towards regional integration that will create an addressable market of in excess of 350m consumers;

5
Clear indications from the success of the mobile phone industry (amongst others) that African consumers are eager adopters of technology and are rapidly migrating towards being a consumer society. There is consensus from many quarters that the region has global comparative advantages that are helping position it as global outsourcing hub.

Based on this underlying vision EACP have raised the ATMT Fund 1, LLC, which is a US$ 100m Fund targeting investments that will service infrastructure bottlenecks in the ICT sector in Eastern Africa. The Fund was made possible through a commitment of US$ 50m from OPIC (The Overseas Private Investment Corporation of the US Government) with the rest being provided by a variety of private equity investors. EACP are now in the process of actively investing these funds in the region.

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