Connect Story:
One Day in Africa
Hiroki Ishida
Manager, Asia Africa Investment and Consulting Pte. Ltd.
(Full-time Class of 2012)
The image some people have of Africa as a continent where it is hot and there is poverty and fighting, is not necessarily incorrect. However, my experience in Nairobi, Kenya, has been different.
Nairobi lies at an altitude of approximately 1,700 meters and the weather is pleasantly cool throughout the year. A lot of construction is underway, most of them done by mainland Chinese companies. Keiko, my wife, is fortunately enjoying our life in Kenya.
My company manages a fund called “Toyota Tsusho Creating Shared Value (CSV) Africa”. Although there are many financial players in Kenya and other African countries already, this is Japan’s first venture development fund in Africa.
I am in charge of sourcing, due diligence, valuation and monitoring on the ground. So far the fund has invested in a large-scale agricultural business in Zambia and a leather-good sewing business in Ethiopia.