Allocator Media Podcast

Private Equity Thinking In Egypt's Public Markets – Yasser El Halaby 17.07.2026 17min

Why would a private equity investor pay 9-10x EBITDA for an unlisted business when a comparable listed company trades on 5-6x EBITDA? In this episode, Yasser El Halaby, CEO at Cairo-based Compass Capital, explains why his firm sees the market's mispricing of risk as one of Egypt's biggest investment opportunities. Rather than trading stocks, Compass invests in public companies with a private equity mindset – building concentrated positions, aligning with major shareholders and taking a long-term ownership approach. Yasser also discusses Compass' evolution from a deal-by-deal private equity firm into a multi-strategy alternatives manager, investing across public equities, commercial real estate and M&A advisory. Enjoy!Learn more about Yasser El Halaby | Compass CapitalLinkedIn: https://www.linkedin.com/in/yasser-el-halaby-aa326539/ Website: https://compass-cap.com/ Learn more about Chipo Muwowo | Allocator Media PodcastLinkedIn: https://www.linkedin.com/in/chipomuwowo/Website: https://allocator.media/ Hosted on Acast. See acast.com/privacy for more information.

The Case For Special Situations Investing On The JSE – Richard Cheesman 10.07.2026 21min

Prior to founding Urquhart Partners, Richard Cheesman built a reputation anonymously, running one of South Africa's largest corporate finance Twitter accounts. This was 2017, around the time of the Steinhoff scandal. That online work, and Richard's deeply analytical mindset, so impressed the founder of one of the country's largest hedge funds that he offered Richard a job. In 2019, Richard joined the firm. He left in 2024 to launch Urquhart Partners. In this episode, Richard shares the details of this cool story. He also makes the case for special situations investing. His strategy is focused on JSE corporate actions such as takeovers, spin-offs, restructurings and liquidations. Enjoy!Learn more about Richard Cheesman | Urquhart PartnersLinkedIn: https://www.linkedin.com/in/richard-cheesman-43063014/Website: https://urquhartpartners.com/Learn more about Chipo Muwowo | Allocator Media PodcastLinkedIn: https://www.linkedin.com/in/chipomuwowo/Website: https://allocator.media/ Hosted on Acast. See acast.com/privacy for more information.

Why Africa Must Fund Its Own Energy Future – Dr Herta von Stiegel 03.07.2026 36min

How do you go from tourist to investor? In this episode of the podcast, Dr. Herta von Stiegel shares how trips to Africa as a holidaymaker soon turned into philanthropy, and then into a mission to join others in developing and financing the continent's energy future. She talks about how smart capital allocation can support long-term energy security, the vital role that domestic African pension funds can play in that, and more. Enjoy! Learn more about Dr. Herta von Stiegel | Ariya Capital GroupLinkedIn: https://www.linkedin.com/in/herta-von-stiegel-j-d-b51b2a13/ Website: https://www.ariyacapital.com/ Learn more about Chipo Muwowo | Allocator Media PodcastLinkedIn: https://www.linkedin.com/in/chipomuwowo/Website: https://allocator.media/ Hosted on Acast. See acast.com/privacy for more information.

Frontier Africa: Deep Value at the Bottom of the Capital Cycle – Johan de Bruijn 25.06.2026 32min

The best investment opportunities often emerge after everyone else has left. (Yes, you read that right). In this episode, Johan de Bruijn, Co-Founder and Portfolio Manager at 337 Frontier Capital, breaks down the capital cycle driving today's opportunity within Frontier Africa public equities. He explains why today's opportunity reminds him of the early 2000s, how he uncovers overlooked businesses capable of compounding in dollars, and the hard-earned lessons that shape his investment decisions today. Enjoy!Learn more about Johan de Brujin | 337 Frontier CapitalLinkedIn: https://www.linkedin.com/in/johan-de-bruijn-2a4aa937/ Website: https://www.337frontier.com/Learn more about Chipo Muwowo | Allocator Media PodcastLinkedIn: https://www.linkedin.com/in/chipomuwowo/Website: https://allocator.media/ Hosted on Acast. See acast.com/privacy for more information.

Sango Capital And The Power Of Resilience – Richard Okello 19.06.2026 31min

Sango Capital was created to be a bridge between global capital and African opportunity. In this episode, Co-Founder and Managing Partner Richard Okello (formerly of Bridgewater Associates and Makena Capital Management) talks about the journey since 2011. He explains his philosophy and approach to capital allocation, why he thinks sustainable impact comes only from commercially viable businesses, and what he's learned about people and resilience. Enjoy! African Allocator is an Allocator Media Ltd company. Learn more about Richard Okello | Sango CapitalLinkedIn: https://www.linkedin.com/in/richard-okello-8201b09 Website: https://www.sangocapital.com/Learn more about Chipo Muwowo | Allocator Media PodcastLinkedIn: https://www.linkedin.com/in/chipomuwowo/Website: https://allocator.media/  Hosted on Acast. See acast.com/privacy for more information.

Within Crises, There Are Opportunities – Abir Leheta 12.06.2026 22min

How do you grow a logistics business when disruption becomes the norm? In this episode, Abir Leheta, Co-CEO of Egytrans NOSCO, a listed Egyptian transport and logistics group, discusses navigating crises, the strategic logic behind the 2025 NOSCO acquisition (one of the first non-cash share swap deals on the EGX), and more. Enjoy! African Stock Hunter is an Allocator Media Ltd company.Learn more about Abir Leheta | Egytrans-NOSCOLinkedIn: https://www.linkedin.com/in/abirleheta Website: https://www.ir.egytrans.comLearn more about Chipo Muwowo | Allocator Media PodcastLinkedIn: https://www.linkedin.com/in/chipomuwowo/Website: https://allocator.media/ Hosted on Acast. See acast.com/privacy for more information.

Wealth Creation, One Cow At A Time – Kagiso Tloubatla 09.06.2026 28min

For generations, Africans measured wealth in cattle long before modern finance arrived. Could fractional ownership of this familiar, everyday asset be the bridge between traditional wealth and modern investing? Since 2017, this has been the core idea driving SV Capital, a Johannesburg-based alternative real assets manager. In this episode, Co-Founder & COO Kagiso Tloubatla explains why everyday, asset-backed investments can generate resilient returns, create economic opportunity, and reconnect wealth creation with assets Africans already know and value. Enjoy! African Allocator is an Allocator Media Ltd company. Learn more about Kagiso Tloubatla | SV CapitalLinkedIn: https://www.linkedin.com/in/kagiso-tloubatla-b0097462/ Website: https://www.svcapital.co.za/Learn more about Chipo Muwowo | Allocator Media PodcastLinkedIn: https://www.linkedin.com/in/chipomuwowo/Website: https://allocator.media/ Hosted on Acast. See acast.com/privacy for more information.

Spotting Frauds, Fads, And Broken Balance Sheets – Andre Steyn 05.06.2026 17min

Andre Steyn, CEO and CIO of Steyn Capital Management, explains how forensic accounting and investor psychology create opportunities on both the long and short side. From spotting frauds, fads, and broken balance sheets to finding dominant businesses trading at attractive valuations, Andre shares the lessons behind his quality-value approach, and why African equities may be one of the most overlooked opportunities in global markets. Enjoy! African Stock Hunter is an Allocator Media Ltd company. Learn more about André Steyn | Steyn Capital ManagementLinkedIn: https://za.linkedin.com/in/andre-steyn-a7b565b Website: https://steyncapitalmanagement.com/Learn more about Chipo Muwowo | Allocator Media PodcastLinkedIn: https://www.linkedin.com/in/chipomuwowo/Website: https://allocator.media/ Hosted on Acast. See acast.com/privacy for more information.

Emerging Fund Managers Are Not Allowed To Fail – Nyeji Mhango 29.05.2026 26min

Nyeji Mhango is the Founding Partner and CEO of wCap, a Zambia-based investment firm providing private credit to high-growth, women-led businesses in underserved Southern African markets. In this episode, she walks through wCap's evolution from venture capital to private credit, why the SME financing gap in Africa demands bespoke lending solutions over one-size-fits-all products, and what emerging fund managers must do to build trust with LPs from the ground up. Enjoy! African Allocator is an Allocator Media Ltd company. Learn more about Nyeji Mhango | wCapLinkedIn: https://zm.linkedin.com/in/nyeji-mhango-801351a Website: https://wcapltd.com/Learn more about Chipo Muwowo | Allocator Media PodcastLinkedIn: https://www.linkedin.com/in/chipomuwowo/Website: https://allocator.media/ Hosted on Acast. See acast.com/privacy for more information.

Why Liberty Kenya Is Choosing Margin Over Market Share – Kieran Godden 22.05.2026 20min

Kieran Godden trained as an actuary. He moved from South Africa to Kenya over four years ago where today, he leads Liberty Kenya Holdings Plc. The firm is a full-spectrum insurer listed on the Nairobi Securities Exchange and part of the Standard Bank Group. In this conversation, why digitalisation is core to its strategy, Kenya's highly competitive insurance industry, the value of return on equity (ROE) over simple topline growth, how the war in Iran might impact Liberty Kenya over the medium to long-term, and more. Enjoy! African Stock Hunter is an Allocator Media Ltd company. Learn more about Kieran Godden | Liberty Kenya Holdings PLCLinkedIn: https://ke.linkedin.com/in/kieran-godden-06a60315 Website: https://www.liberty.co.keLearn more about Chipo Muwowo | Allocator Media PodcastLinkedIn: https://www.linkedin.com/in/chipomuwowo/Website: https://allocator.media/ Hosted on Acast. See acast.com/privacy for more information.

African Capital Investing In Africa Sends A Powerful Signal – Dr Slim Feriani 15.05.2026 25min

Dr Slim Feriani is a Founding Partner and CEO at Alternative Path Partners, a new Africa-focused multi-asset investment firm. Over the years, he has held roles in academia, government and asset management. He most recently served as CEO of Djibouti's sovereign wealth fund. In this conversation, Dr Feriani explains APP's investment thesis, why Africa demands a multi-asset approach, and why “capital choreography” not capital scarcity is the real African investment challenge. Enjoy! African Allocator is an Allocator Media Ltd company. Learn more about Dr. Slim Feriani | Alternative Path PartnersLinkedIn: https://uk.linkedin.com/in/slim-feriani-7072ba2 Website: https://www.alternativepathpartners.com/Learn more about Chipo Muwowo | Allocator Media PodcastLinkedIn: https://www.linkedin.com/in/chipomuwowo/Website: https://allocator.media/ Hosted on Acast. See acast.com/privacy for more information.

Invest Where Others Aren’t Paying Attention – Luni Libes 08.05.2026 29min

Luni Libes, CEO at Africa Eats, discusses his company’s Berkshire Hathaway-inspired model, why traditional venture capital often struggles in Africa, and how public markets can unlock scale. He also explores the power of “boring” food and agriculture businesses, founder networks, and the long-term opportunity across Africa’s fast-growing economies. Enjoy! African Stock Hunter is an Allocator Media Ltd company. Learn more about Luni Libes | Africa EatsLinkedIn: https://www.linkedin.com/in/lunarmobiscuit/ Website: https://www.africaeats.com/Learn more about Chipo Muwowo | Allocator Media PodcastLinkedIn: https://www.linkedin.com/in/chipomuwowo/Website: https://allocator.media/  Hosted on Acast. See acast.com/privacy for more information.

The Capital Cycle Approach to Investing, with Django Davidson, Founding Partner, Hosking Partners 19.09.2025 25min

Django Davidson is a founding partner at Hosking Partners, a London-based investment manager running a global equity strategy with a capital cycle approach. In this conversation, Django explains what the capital cycle approach to investing actually is, why he's bullish about platinum group metals (PGMs), and what true contrarianism means to him. Enjoy!Learn more about Django Davidson | Hosking PartnersDjango Davidson: https://www.linkedin.com/in/django-davidson-332b9867/Website: https://www.hoskingpartners.com/Learn more about Chipo Muwowo | African Allocator PodcastLinkedIn: https://www.linkedin.com/in/chipomuwowo/Website: https://www.africanallocator.com Hosted on Acast. See acast.com/privacy for more information.

Building Nigeria’s Pension Future, with Dave Uduanu, Chief Executive Officer, Access ARM Pensions 12.09.2025 17min

Dave Uduanu is CEO of Access ARM Pensions, one of Nigeria’s largest pension fund administrators (PFAs). In this episode, he explains more about Access ARM’s allocation strategy, some notable trends within the Nigerian pensions industry, and why he expects more industry consolidation in the years to come. Enjoy!Learn more about Dave Uduanu | Access ARM PensionsLinkedIn: https://www.linkedin.com/in/dave-uduanu-cfa-925a131b Website: https://access-armpensions.com Learn more about Chipo Muwowo | African Allocator PodcastLinkedIn: https://www.linkedin.com/in/chipomuwowo/Website: https://www.africanallocator.com Hosted on Acast. See acast.com/privacy for more information.

Overlooked and Undervalued, with Steven Quattry, Portfolio Manager Next Gen Emerging Markets, Morgan Stanley Investment Management 21.08.2025 34min

Steven Quattry is a Portfolio Manager at Morgan Stanley Investment Management, where he leads the Next Gen Emerging Markets Fund focused on large, fast-growing yet overlooked markets. In this episode, he talks about the fund's top-down macro investment approach, compelling opportunities in countries like Nigeria and Egypt, and why amidst noisy global politics, he's focused on dollar-dominated returns. Enjoy!Learn more about Steven Quattry | Morgan Stanley Investment ManagementLinkedIn: https://www.linkedin.com/in/steven-quattry Website: https://www.morganstanley.com/im/ Learn more about Chipo Muwowo | African Allocator PodcastLinkedIn: https://www.linkedin.com/in/chipomuwowo/Website: https://www.africanallocator.com Hosted on Acast. See acast.com/privacy for more information.

The $6.8 billion man, with Roland Gräbe, Chief Investment Officer, Old Mutual Multi-Managers 04.07.2025 44min

Roland Gräbe is Chief Investment Officer at Old Mutual Multi-Managers, a South African investment firm with $6.8 billion in assets under management. As an asset allocator, Roland oversees OMMM's allocations to various asset managers both locally and internationally. In this episode, he talks how growing up in an academic household shaped his career path, why it's hard to find truly skilled investment managers, and the key ingredients that make a good investment outcome. Enjoy!Learn more about Roland Gräbe | Old Mutual Multi-ManagersLinkedIn: https://www.linkedin.com/in/roland-gr%C3%A4be-cfa-a58a7b4 Website:  https://ommultimanagers.co.za Learn more about Chipo Muwowo | African Allocator PodcastLinkedIn: https://www.linkedin.com/in/chipomuwowo/Website: https://www.africanallocator.com Hosted on Acast. See acast.com/privacy for more information.

The growth (and challenge) of ETFs in Africa, with Nerina Visser, Director at ETFSA Portfolio Management Company 20.06.2025 51min

Nerina Visser is Director at ETFSA Portfolio Management Company, a South African investment firm that specialises in exchange traded products. In this episode, she talks about her unusual journey into the investment industry, how the South African exchange-traded fund (ETF) industry differs from other African markets, and why regulators are key to unlocking growth in the African ETF industry. Enjoy!Learn more about Nerina Visser | ETFSA Portfolio Management CompanyLinkedIn: https://www.linkedin.com/in/nerina-visser-cfa-26a2272 Website: https://etfsa.co.za Learn more about Chipo Muwowo | African Allocator PodcastLinkedIn: https://www.linkedin.com/in/chipomuwowo/Website: https://www.africanallocator.com Hosted on Acast. See acast.com/privacy for more information.

Multi-Asset Investing in Southern Africa, with Mike Adsetts, CIO, Momentum Investments 06.06.2025 41min

Mike Adsetts is Chief Investment Officer at Momentum Investments, a South African multi-asset manager. In this episode, he talks about strategic and tactical asset allocation strategies, how liquidity and regulation impact investment decision-making, and why he's still a firm believer in ESG investment principles. Enjoy!Learn more about Mike Adsetts | Momentum InvestmentsLinkedIn: https://www.linkedin.com/in/mike-adsettsWebsite: https://www.momentum.co.zaLearn more about Chipo Muwowo | African Allocator PodcastLinkedIn: https://www.linkedin.com/in/chipomuwowo/Website: https://www.africanallocator.com Hosted on Acast. See acast.com/privacy for more information.

Capital Allocation across African Infrastructure, with Vuyo Ntoi, Co-MD, African Infrastructure Investment Managers (AIIM) 26.05.2025 38min

Vuyo Ntoi is Co-Managing Director at African Infrastructure Investment Managers (AIIM), one of the continent’s leading sustainable infrastructure investors. In this episode, he shares how AIIM is allocating its new $954 million pan-African infrastructure investment fund, why local knowledge is key to investment success, and how he navigates short-term market noise vs. long-term strategy and conviction. Enjoy!Learn more about Vuyo Ntoi | African Infrastructure Investment Managers (AIIM)LinkedIn: https://www.linkedin.com/in/hlompho-vuyo-ntoi-196b232 Website: https://aiimafrica.com Learn more about Chipo Muwowo | African Allocator PodcastLinkedIn: https://www.linkedin.com/in/chipomuwowo/Website: https://www.africanallocator.com Hosted on Acast. See acast.com/privacy for more information.

Valuations, Volatility, and Vision: Ayo Salami on African Equity Markets Today 25.04.2025 1t 1min

Ayo Salami is Chief Investment Officer at Emerging Markets Investment Management (EMIM), a London-based investment manager. In this conversation, he reflects on his journey from academia to fund management, provides a historical view of the present moment in African listed equity valuations, and explains why domestic African capital sources are key to the next decade of African development.Learn more about Ayo Salami | Emerging Markets Investment ManagementWebsite: https://emim.com/Learn more about Chipo Muwowo | African Allocator PodcastLinkedIn: https://www.linkedin.com/in/chipomuwowo/Website: https://www.africanallocator.com Hosted on Acast. See acast.com/privacy for more information.