African Venture Capital Association Appoints Essome as CEO
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The African Venture Capital Association, a Kenya-based industry group representing private-equity and venture-capital companies, appointed Michelle Kathryn Essome as its chief executive officer.
Sub-Saharan African funds raised $1.1 billion in the first half of 2011, more than the entire amount raised during 2009, the Nairobi-based association, known as AVCA, said in an e-mailed statement today.