We are humbled by the investor’s confidence in the team and in what we do.
PAPE Fund Managers (PFM) has its origins in the establishment in 2005 of Pan-African Capital Holdings (PTY) Limited (PACH), an investment holding and econometric research company. The principals at PACH decided in 2008 to pursue a captive fund model and were successful in attracting the interest of RMB Ventures to invest alongside PACH in the first fund capitalized at ZAR250m (PAPE Fund 1). Fund 1 invested in 7 portfolio companies and has had 6 exits to date.
The success of the first fund provided a platform the second fund to be launched in 2012 (also with RMB Ventures and PACH), capitalised at ZAR300m with a total portfolio of 4 companies and 1 exit to date.
Africa’s access to electricity varies by region: North Africa is almost entirely (99%) electrified.
In Sub-Saharan Africa (SSA) excluding South Africa, electrification rates in most countries are below 30%; and South Africa is predominately 86% electrified.Since 2014, the number of people without access to power in SSA has declined, as electrification efforts have surpassed population growth.The IEA’s World Energy Outlook, which states that – over 550m people on the continent are without access to electricity.