Andrej Machacek

Co-Founder & Managing Partner

Progression Africa, East & Southern Africa


Andrej is a Slovakian and British national. Prior to setting up Progression Capital Africa he worked as an Investment Manager at Grassroots Capital, managing the US$120m Global Microfinance Equity Fund since 2008. Andrej was a member of the investment committee and the board of the AfriCap Microfinance Investment Company during AfriCap’s transition period between May ‘10 and Mar ‘11. Before this Andrej spent 2 years at a venture capital incubator firm, assisting entrepreneurs in refining their business models and in helping them achieve commercial scale. As a Vice President in Deutsche Bank’s Global Markets division, Andrej spent 5 years working with the bank’s Capital Markets, Leveraged Finance, Financial Sponsors and Mergers & Acquisitions departments, providing the bank’s clients with traditional as well as structured equity and debt funding solutions through public as well as private capital markets and advising corporates on how to manage their foreign exchange, interest rate, commodity price and other balance sheet and P&L risk exposures. Andrej obtained his Bachelor of Arts degree in Economics and Management from Balliol College, Oxford and an MBA from Harvard Business School. He is an Open Society Foundation and Dulverton Trust scholar.

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