Listen here, or download the 12 MB mp3 file.
Chairman Thomas Gibian talks about how he helped Emerging Capital Partners become the first private equity firm to raise more than $1.8 billion to invest in companies across the African continent through seven funds. He sets the stage by discussing how the private sector was the engine of growth in China and India, and shares how some of the lessons have been applied to Africa. He talks about where the growing markets are in the African continent, and the promising future for entrepreneurs there. Gibian spoke at the 2011 Stanford Africa Forum on entrepreneurship and development.
Substitute the word “impact” for “social performance,” and current debates in the investment community sound exactly like the ones the microfinance industry had 10 years ago. The investor community can learn from microfinance’s successful efforts to set standards for non-financial returns—the “other bottom line.”