High profile keynote speakers, panellists, and investors opened the African Private Equity and Venture Capital Association’s (AVCA) 15th annual conference in top-performing North African economy, Morocco, on Monday. Morrocco is Africa’s biggest tourism destination, with tourism receipts topping $7 billion in 2017. The Moroccan economy grew by an estimated 4.4 percent in 2017, second only to Egypt, which grew 5 percent, according to data compiled by BusinessDay. Michelle Kathryn Essomé, Chief Executive Officer, AVCA, said “AVCA’s landmark annual global gathering comes at a time of consistent private equity deal activity and demonstrates that there is confidence in African private equity despite challenges in previous years. We believe in the power of private capital, and we will continue to serve as the catalyst and voice for PE in Africa.

Source: The North Africa Journal April 25, 2018 15:56 UTC