This panel unpacks the full continuum of capital and the critical role of liquidity in sustaining Africa’s venture cycle. It explores how exits can take multiple shapes — from M&A to IPOs, including the dynamics of local vs. global listings and the growing potential of dual listings. By examining where venture capital hands off to private equity, strategics, or institutional investors, the discussion will demystify what successful exits look like and who drives them — founders, boards, or investors. In highlighting exits, the panel reframes liquidity not as a single outcome but as leverage that fuels the next wave of growth.
This panel unpacks the full continuum of capital and the critical role of liquidity in sustaining Africa’s venture cycle. It explores how exits can take multiple shapes — from M&A to IPOs, including the dynamics of local vs. global listings and the growing potential of dual listings. By examining where venture capital hands off to private equity, strategics, or institutional investors, the discussion will demystify what successful exits look like and who drives them — founders, boards, or investors. In highlighting exits, the panel reframes liquidity not as a single outcome but as leverage that fuels the next wave of growth.
Experience APS’ distinctive welcome reception coloured by art.
This intimate fireside chat will bring together the CEOs of Flutterwave and Moniepoint – two of Africa’s few unicorns – for a candid conversation about what it really takes to scale to a billion-dollar company.
Regulation can either accelerate or constrain how capital recycles through Africa’s innovation ecosystem. This panel explores the regulatory role in shaping exit options — from M&A and strategic acquisitions to local and global listings. It will examine how capital markets in Nigeria, Kenya, South Africa, and beyond are evolving, and what reforms could unlock more accessible pathways to liquidity. By bringing together regulators, stock exchange representatives, and ecosystem players, the conversation aims to surface candid perspectives on what’s working, what needs to change, and how regulation can actively support sustainable exits across the continent.
This roundtable—organised into three breakout groups—brings together LPs, including DFIs, Family Offices, and Corporate LPs, and GPs for a candid, solutions-driven discussion on strengthening alignment in African venture capital. Through interactive breakout sessions, participants will explore the practical challenges and emerging opportunities shaping effective partnerships across the continent. The discussions will centre on three themes: what happens after the signed LPA and how to build trust for long-term partnerships; ESG approaches for funds and their portfolios; and what family offices are optimising for, along with how fund managers and DFIs can engage them more effectively.
Launch of the Stears x Ventures Platform: Exit Index
A data-backed reflection on capital flows into Africa’s innovation ecosystem — who is deploying, what LPs expect today, and how fund managers must adapt. Furthermore, rather than viewing Africa in isolation, this keynote will draw on comparative data from Latin America and India — highlighting trends in VC inflows, exits, fund sizes, and ecosystem maturity — to situate Africa’s trajectory within the broader evolution of emerging markets. By showing how peers navigated macro turbulence before scaling, the keynote frames Africa’s current challenges as part of a proven growth journey, setting the stage for deeper conversations on DPI, sustainability, and institutional readiness.
Hosted by
