Building Africa One-Investment-At A Time

Anandi Alpha Reign (AAR) is the first women founded and led Alternative Investment firm licensed in Botswana that specialises in private debt solutions and advisory services.

The Firm is focused on the African continent, with particular emphasis on the Southern African Development Community (SADC).

OUR MISSION

To be a globally recognized investment firm providing companies with the capital to build leading brands in Africa.

We believe that Africa is a continent with enormous potential for growth and we are committed to helping companies realize that potential. We are confident that our approach will enable us to build a successful investment firm that makes a positive impact on the continent.

OUR VISION

To impact more than 1000 Small and Medium Enterprises, a 100 million lives and create over 10 million jobs in 10 years.

Values

1

Transparency

Being radically honest and taking accountability of our actions

2

Mastery

Bringing our best efforts to the table by continuously learning and being consistent

3

Teamwork

Aligning individual skill sets to achieve a common goal in a collaborative and coordinated manner. Treating colleagues, partners, investors and clients with the upmost respect

3

Leadership

Providing guidance and empowering others to succeed

Anandi Alpha Reign Credit Fund (AARCF1)

A woman-led sector agnostic debt fund that provides senior and mezzanine credit to Small and Medium Enterprises in the Southern African Development Community (SADC) region.

Fund Overview

Experienced investment team bridging the gap in financing thriving medium-sized businesses in SADC.

AAR is a sector agnostic credit fund that provides private debt solutions to Small and Medium-Enterprises in SADC.

The companies we invest in fit any or more of the criteria defined in the 2X challenge. AAR is also aligned to the 2X challenge.

The Fund’s impact strategy is focused on UN Sustainable Development Goals 1,3,5,8 and 9 (Poverty alleviation; Good Health, Gender Equality, Economic Growth and Innovation).

Advisory Services

Advisory and Capital Markets

AAR works with various business owners to review and validate business models and financial forecasts to create the right incentives for a successful fund-raising phase. The Firm’s partnership with a sizable network of regional and international investors coupled with our strong relationships with local investors and domestic banks gives us a competitive edge in the market place.
AAR’s advisory and capital markets mandates are handled with the utmost degree of client confidentiality. We also ensure each transaction is allotted the requisite amount of resources necessary to bolster the prospects of timely and successful close-out.

The Firm works closely with our clients to source the most optimal financing options for capital injection at the best possible terms looking at the following funding options:

Equity

Debt

Strategic Positioning

AAR strategically positions transactions in the marketplace for maximum advantage.

Efficient Close-out

Promotes timely close-out of transactions, ensuring efficiency in the process.

Value Creation Opportunities

Identifies options that enhance value creation opportunities, contributing to long-term shareholder value.

Business Valuations

The Firm deploys specialized skills and experience in business analysis, modelling and forecasting to provide valuation services which help our clients assess the true value of their business interests for multiple purposes including capital injection, restructuring, divestitures, consolidations, etc.

The Firm’s services extend to providing valuation advice on capital assets, existing models and valuation reviews, through to negotiations. AAR has developed a guided approach, which allows our clients insights into the basis and the underlying assumptions of our valuations.

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Value Proposition

On the ground knowledge

AAR’s understanding and practical operating knowledge of local and regional markets positions us to provide practical financial advice to clients at the point of initial investment, as well as during ongoing business operations.

The Firm has a strong network of private and public-sector relationships that give us a competitive edge in appropriately dissecting local markets and positioning clients to leverage hidden opportunities in target markets.

Technical Expertise

AAR’s advisory capabilities cover a broad range of finance and business needs providing independent and objective advice in the areas of advisory, capital markets and structuring. The Firm’s partners have garnered experience from some of the leading investment banking, accounting and professional services firms both locally and regionally.

Professional Network

AAR is also able to interface with key industry stakeholders to provide our clients with up-to-date market intelligence and promote collective buy-in, where necessary.

Team

Taolo Modisi

Founding Partner

Taolo Modisi is the Founding Partner of Anandi Alpha Reign. Taolo currently serves as a Non- Executive Director at Botswana Insurance Fund Managers (BIFM), the largest fund by assets in Botswana with over $2.5 billion under management. Taolo, also serves as a Non-Executive Director to the BIFM Unit Trust. Taolo previously served as an advisor and consultant to the United Nations Economic Commission of Africa advising on asset consultancy, which included Pension Fund Reforms. Prior to founding Anandi Alpha Reign, Taolo headed up Debt Capital Markets for Southern and Central Africa in Standard Bank Group Johannesburg, South Africa, which included over eleven different countries across sub-Saharan Africa. There she managed and led a team of professionals.

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Carol-Jean Harward

Founding Partner

Carol-Jean (CJ) Harward is a Founding Partner of Anandi Alpha Reign. CJ is an investment professional with over sixteen (16) years’ work experience across equities, credit opportunities (structuring) and fixed income, having worked at the World Bank, International Finance Corporation (IFC), Barclays Bank, African Alliance Asset Management and Ninety One (formally Investec Asset Management), amongst others. CJ is currently an Investment Director at Norsad Capital a fund that focuses on providing private debt solutions to companies in sub-Saharan Africa. Prior to this CJ worked for the IFC Investment team focusing on structuring private debt and private equity instruments for the European and Central Asia region. CJ also served as the Head of Debt (Structured Finance) at Barclays Bank where she structured lending instruments for large corporates in Botswana.

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Matshidiso Masire

Chairperson and Environmental and Social Governance (ESG) specialist

Matshidiso Masire is a member of the Advisory Board of Anandi Alpha Reign. She is currently the Regional Director for the Bill and Melinda Gates Foundation in Southern Africa. Before that, she was the Chief Executive Officer of The Sir Keitumile Masire Foundation and founder of Bridging Dialogue.

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Romain Py

Advisory Board Director and member of the IC

Romain is a member of Anandi Alpha Reign’s Advisory Board and also sits on the Investment Committee. Romain is a Partner at Arjun Infrastructure Partners. He was formerly the CIO for African Infrastructure Investment Managers (the former Macquarie-Old Mutual JV). At AIIM, he led the origination and investment activity across the continent, managing a 20-person team.

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Joubert Van Wyk

Advisory Board Director and member of the IC

Joubert Van Wyk is a member of Anandi Alpha Reign’s Advisory Board and also sits on the Investment Committee. Joubert has 25 years of experience in Investment Banking, and his specific banking sector-related transaction experience includes having advised the National Bank of Greece in respect of the successful disposal of the Bank of Athens.

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Fiona McHarg

Compliance Officer

Ms McHarg is the latest addition to the Anandi Alpha Reign team. She is a Governance, Risk and Compliance specialist.

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Anandi Alpha Reign was one of the nine most promising female fund managers selected to The Women Empowerment Mentoring and Incubation (“WE>MI”) Fund Manager Inaugural Program, which was funded and supported by The United States Agency for International Development (USAID), with the programming conducted in partnership with MiDA Adisors and local partner The Southern African Venture Capital and Private Equity Association (SAVCA).

Contact

Taolo Modisi
Founding Partner
Phone: +27 011 593 2019
Email: tmodisi@alpha-reign.com
Johannesburg, 377 Rivonia Boulervard
Sandton
South Africa 2191
MON-FRI 09:00 - 17:00, SAT-SUN 10:00 - 14:00
Carol-Jean Harward
Founding Partner
Email: Harwardcj@anandicapital.com
Gaborone, Plot 2571 Nyerere Drive
Extension 9
Botswana
MON-FRI 09:00 - 17:00, SAT-SUN 10:00 - 14:00

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Taolo also worked for Investec Bank, as a Senior Consultant in the Specialized Finance Africa team. She has significant experience in Debt Capital Markets, Debt Products, Lending and Investment Banking, and has placed $ billions of issues and advised various Sovereigns, Multinationals, State-Owned Entities, Banks, and Corporates. Her transactions have received awards from The Banker and EMEA Finance Magazine. Taolo has originated several firsts in various countries in sub-Saharan Africa, she originated the first commodity-linked note in Africa (ex-South Africa), the first issues for government, corporate and commercial paper in several countries across the continent.

Taolo is also a Founding Trustee of the Gaositwe Chiepe Foundation a foundation formed in the name of her Grandmother who was the first female Cabinet Minister in Botswana and first African female Ambassador to the UK. Taolo completed a 13-month-long Leadership Program with Stanford University Graduate School of Business, under Stanford Seed that enrols the most promising Business Leaders of established businesses in South Asia and Africa. Taolo has a Bachelor of Science in Finance from Waynesburg University in Pennsylvania, U.S.A. Taolo also studied at Columbia University and New York University during summer vacations, she began her studies for her bachelor’s degree at Franklin University in Lugano, Switzerland.

CJ is the founder and Chairperson of Women First Fund- an angel investor group with c.80 high profile Batswana women with a mandate to invest in micro to small women owned businesses in Botswana.

She is also an Independent Director and Chairperson of the Investment Committee of Choppies Enterprise Limited and is a former vice-Chairperson of the Botswana Bond Market Association. She holds a Bachelor of Finance degree from University of Botswana, an MBA (Finance) from University of New Brunswick in Canada and is a Certified International Investment Analyst (CIIA®) charter holder. She has been with the Fund since inception and will be one of the key contacts.

She has over 20 years of experience in Economic and Social Development (ESG) and in providing strategic and operational leadership in uniquely challenging environments having worked for leading companies like Coca-Cola, International AIDS Vaccine Initiative, and Virgin Management Limited, amongst others.

Ms. Masire is a turn-around strategist who has been responsible for high-level advocacy, operational effectiveness, financial compliance, implementing new operating systems and integration of new structures and strategies for growth and resource mobilization (both from donors and national primary resources). She has acquired a firm knowledge of working through government systems and processes to influence policy decisions and program actions at national, regional and continental levels.

She also demonstrates hands-on experience with working with civil society organizations both individually and as networks and steering them towards desired objectives. Having created policies, research, advocacy and coordination for many businesses and charity programs, she has vast experience in drafting and implementing ESG policies, which will be a crucial, and much-needed addition to the Board and the Fund. Ms Masire holds a Master of Science in Management of Public Service and a Bachelor of Science in International Relations.

He was a member of AIIM’s Executive Committee and supervised the successful deployment of AIIF2 and AIIF3, and partial realization of AIIF2 (5 exits out of 8 assets). Before that, Romain was the Head of European Transactions for J.P. Morgan Asset Management’s Infrastructure Investment Group and was one of the founding team members in Europe.

At JPMAM, Romain was responsible for leading the investment activity in Europe, across all sectors, including regulated utilities (gas, electricity and water), renewables and transportation (airports, roads and ports). He led several transactions, including the acquisition of Electricity Northwest in the UK, Cairns & Mackay airports in Australia and Dragados SPL (now renamed Noatum) in Spain.

He was a member of the risk committee and served on the boards of various infrastructure companies. Before that, Romain worked at HSBC and Société Générale, where he structured and executed over $30bnof infrastructure transactions in both advisory and arranging capacities across the EMEA region and the Americas. Romain holds an MSc in Corporate Finance from EM Lyon Business School and an MSc in International Economics from Paris-Dauphine University

 He advised the Government Institutions Pension Fund in Namibia on the acquisition of a strategic 25% stake in Capricorn Group, the holding company of Bank Windhoek. He also advised and negotiated the acquisitions of Commercial Bank in Malawi and Uganda Commercial Bank for Stanbic Africa, the merger with Lesotho Bank (1999) with Standard Bank Lesotho, and the acquisition of an additional 55.29% stake by Stanbic Africa in Banco Standard Totta de Moçambique.

He also led the privatisation and listing of National Bank in Malawi on the Malawi Stock Exchange. He has guided and advised boards and executive management teams in respect of mergers and acquisitions, divestitures, listings on eight African stock exchanges, privatizations, restructurings, strategic investments, valuations, fairness opinions, considering due diligence reports and other aspects of corporate finance advisory. He has also advised on the analysis, innovative structuring and funding of Broad-Based Black Economic Empowerment (B-BBEE) transactions. Furthermore, he managed the private placing of shares of African companies to international institutional investors, prepared companies for listing, written prospectuses, and structured and priced public and private offers to deliver on divestiture programmes or plans.

His work has spanned the management of the entire transaction project cycle as advisor to boards, for both listed and unlisted private sector companies, as well as governments and state-owned enterprises. The development of project staff has been a key feature of his career. Joubert has experience in a wide variety of business sectors including banking, agribusiness, aviation, general industrial/manufacturing, education, health, property, applied electronics, insurance, mining, packaging, power, health and telecoms. He has worked and spent much time in over 18 African countries, where he is well versed in business principles and conditions, including reading political nuances and navigating these diplomatically. With his specialist background, Joubert has built a solid reputation of critically analysing problems and finding innovative and practical solutions. Experienced investment team bridging the gap in financing thriving medium-sized businesses in SADC.

Fiona started her career in 2010 and has experience in a number of industries including Stockbroking, Advertising, Accounting, Fund Administration and Compliance Consultancy where she served in several roles including Finance, Administration and Compliance.

She has carried out compliance work in a number of industries regulated by BERA, The Master of the High Court, BICA, NBFIRA and REAC. She was recently instrumental in building Botswana’s first Compliance Consultancy from the ground up before joining Anandi Capital in February 2021.

She has a bachelor’s degree in finance from the University of Botswana and is currently pursuing a course in Compliance and Risk Management.