A Guide to Venture Capital

							SOLICITATION FOR NEW FUND MANAGER FOR EAST AFRICAN VENTURE CAPITAL FUND

Africa Venture Capital Association (AVCA) and the East African Development Bank (EADB)
are seeking applications from qualified individuals interested in taking a leadership role in a
new venture capital fund for East Africa.
This Fund will be the first of its kind, a $40 million equity-oriented venture capital fund. It will
invest $100,000 to $2 million equity capital in small and medium sized enterprises (SMEs)
including funds for (i) expansion of existing companies, (ii) modernization of existing
companies, and (ii) start-ups by exceptionally qualified entrepreneurs with well thought out
business plans. Such companies and entrepreneurs will be able to tap into this a new source
of equity capital without having to pledge all of their assets and incur debt service obligations.
The fund sponsors are seeking a proven leader around whom to develop a small professional
team to be based in East Africa. The key qualifications of the team leader would include (i) a
desire to pioneer a new concept, and (ii) a belief that with exceptionally hard work and
sensitivity to local conditions the inherent entrepreneurial spirit in the region can be tapped to
develop a profitable portfolio of successful SMEs.
1. Issuance Date:                    April 23, 2007
2. Closing Date:                     May 14, 2007
3. Compensation:                     This position would pay a competitive salary as well as a
                                     carried interest, treating the individual as a general partner in
4. Place of Work:                    the Fund. (Nairobi, Dar es Salaam, Kampala)
                                     East Africa
5. Qualifications                a) Experience in one or more or the following: i) demonstrated
                                     entrepreneurial in growing new companies; ii) private equity
                                     or venture capital or corporate finance, preferably related to
                                     SMEs; iii) Board-level or senior management experience,
                                     preferably in East Africa.
                                 b) Advanced degree in relevant field such as: MBA, masters or
                                     PhD in finance, accounting, marketing. Individuals with only
                                     a Bachelor-level degree but with professional qualifications
                                     and exceptional work experience may also be considered.
                                 c) Evidence of understanding the factors that make for a
                                     successful company, especially corporate governance
                                     issues and financial discipline, and understanding of the
                                     challenges of growing new companies in East Africa
5. Address Questions to:             Barbara James: email bjames@avcanet.com
                                     UK phone : +44 (0) 7730 420 713
                                     Geoffrey Kitakule: email gkitakule@eadb.org
                                     Uganda phone: +256-412-230-021-5
6. Submit Application to:            EADB@avcanet.com or mailed to:
                                     East African Development Bank
                                     5 Carlos Place, London, W1K 3AP, England
7. Submission requirements a)
                                     Completed Application (Summary and Experience Tabs)
                                 b) Curriculum Vitae (max 3 pages)
                                                         d1646c73-e7e5-405d-9319-dad6d045418e.xls



SOLICITATION FOR NEW FUND MANAGER FOR EAST AFRICAN VENTURE CAPITAL FUND
Summary of Experience and Qualifications

PERSONAL DETAILS
1   Name
2   Email
3   Phone
4   Fax
5   Address
6   Current Employer
7   Current Position
8   Location (City, Country)

SUMMARY OF EXPERIENCE                          TOTAL            In East Africa         In Africa   Other Emerging Markets   In US or Europe
                                                 Number of
                                        Number Companies Number of Number of Number Number of Number of Number of Number Number of
                                        of Years or Deals  Years      Companies of Years Companies Years      Companies of Years Companies
1 Entrepreneurial Experience
2 Venture Capital or Private Equity
  or Corporate Finance Experience

3 Board and Senior Management
  Experience

SUMMARY OF QUALIFICATIONS                     Country            University           Year          Majors/Thesis/Relevant Activities
1   PhD
2   MBA
3   Other Post Graduate Degrees
4   Undergraduate Degree
5   Other Professional Qualifications

                                        Enclosed
SUMMARY OF ATTACHMENTS                  Yes/No
1 Completed Application
2 Curriculum Vitae (max 3 pages)




                                                                        Page 2 of 4
d1646c73-e7e5-405d-9319-dad6d045418e.xls                                                            Experience


SOLICITATION FOR NEW FUND MANAGER FOR EAST AFRICAN VENTURE CAPITAL FUND
Details of Experience

       1 ENTREPRENEURIAL EXPERIENCE
                                    Stage/           Invest-   Number of Your Position/
         Company and Sector Country Years            ment size Employees Responsibilities
 e.g. African Textiles Ltd -     UK        Startup USD 25k        35      CEO: Fund-raising, general
      textile weaving and                  1987-                          maangement
      exporting                            1990
  1.1

  1.2

  1.3



     2 VENTURE CAPITAL OR PRIVATE EQUITY OR CORPORATE FINANCE EXPERIENCE
                                  No of            Board
   2.1 Name of firm      Country  years  Job Title member? Your Responsibilities
 e.g. Access Capital             Ghana     2 years Analyst        No      Deal Origination, Negotiation,
                                                                          Structuring, Valuations, Value
                                                                          enhancement, Board, Exit
2.1.1

2.1.2

2.1.3

                                           Stage/    Invest-   Number of
  2.2 Deals                      Country   Years     ment size Employees Type of Exit
e.g.    Floriculture Exporting   Uganda    Startup USD 200k 200           Sale to Strategic Buyer
        Business
2.2.1

2.2.2

2.2.3

*Add more columns as necessary




                                                    Page 3 of 4
d1646c73-e7e5-405d-9319-dad6d045418e.xls                                                    Experience



    3 BOARD AND SENIOR MANAGEMENT EXPERIENCE
                                 Stage/ Invest-  Number of Your Position/
  3.1 Company and Sector Country Years ment size Employees Responsibilities
 e.g. Habib Bank            US         Expansi None        2000
                                       on
                                       2002 -
3.1.1

3.1.2

3.1.3



   4 STATEMENT
Describe how your experience qualifies you to make investment decisions about investing equity in
SMEs in Africa, and guide new entrepreneurs in growing their companies:




                                             Page 4 of 4