Invest Like The Best
Episode 146 Investing in Africa
Invest Like The Best

Episode 146: Investing in Africa

Invest Like The Best

Episode 146

Investing in Africa

George Rzepecki is the Founder and Managing Partner of Raba, an Africa-focused investment firm. We cover all aspects of investing in the continent, including unique potential rewards, the largest unique risks, and the most exciting trends in the continent.

[00:01:18] – (First question)– Interest in emerging markets and the tech landscape in Africa

[00:04:57] – Similarities across all of the different metro markets across Africa

[00:08:05] – Why has the continent lagged behind the rest of the world

[00:10:49] – What is the history and landscape of capital in the African continent

[00:13:32] – The market opportunity given the demographics

[00:15:44] – US investment/involvement in Africa

[00:18:06] – Kinds of companies that he likes to invest in

[00:23:26] – Initiatives and investments that could help lift the population out of poverty: finance

[00:29:33] – The public marketplace landscape in Africa

[00:31:49] – Capacity on the private side

[00:34:24] – How the valuation of deals compares to other markets

[00:36:13] – Unique risks in the investments they are making

[00:38:28] – Most exciting trends or changes he is seeing

[00:40:22] – The professional investor environment

[00:43:25] – How to learn more and get involved

Investing in Africa

Introduction

Patrick
My guest this week is George Rzepecki, the Founder and Managing Partner of Raba, an Africa-focused investment firm. George is making investments across Africa in early-stage companies. Africa represents a fascinating opportunity, a huge and diverse population, and enormous room for per-capita GDP growth. In our conversation, we cover all aspects of investing in the continent, including unique potential rewards and the largest unique risks. Please enjoy our conversation.

George
I'd say, Africa, for me, and just emerging markets generally, really kicked off in 2006. I was working at Goldman Sachs, and I raised my hand as one of the analysts there to pursue an opportunity to work in our Bangalore, India office. I was really amazed by just the magnitude of the difference of what was happening in that city, in that part of the world, whether it was new roads and infrastructure, the busyness of the place. It really captured a lot of my attention, and it was just really cool. I thought, wow, such a different experience than what I was used to growing up in the U.S.

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