Renaissance Sub-Sahara Africa Conference Sparks Global Investor Interest
LONDON--"An amazing economic transformation is underway in Sub-Saharan Africa, unlike anything the investor community has seen in the region's 40-year post-colonial history," Renaissance Group CEO Stephen Jennings said today. "High growth rates, low inflation, reduced debt and fewer regional conflicts have combined to produce one of the most exciting investment opportunities anywhere in the world."
Jennings' spoke at the opening session of one of the largest Africa investment conferences ever held, where African ministers and regulators joined with chief executives of 35 top regional corporations and more than 400 investors, financiers and analysts. The two day event, "Sub-Sahara Africa: Unlocking Investment Potential," is organised by Renaissance Group, the high-opportunity emerging markets financial group.
Participants include Dr Ngozi Okonjo-Iweala, Chair of Renaissance Group's African Advisory Boards and Managing Director (Designate) of the World Bank; Dr Mo Ibrahim, Chairman, Mo Ibrahim Foundation; Mr Babatunde Fashola, Governor of Lagos State; Mrs Diezani Allison-Madueke, Minister of Transportation Nigeria; and Ng'andu P. Magande MP, Minister of Finance & National Planning, Zambia.
Several hundred one-on-one investor presentations are being made by top executives from 35 listed companies covering the banking, insurance, telecom, mining, food processing, oil & gas, hospitality, IT, utilities and construction sectors, among others. National bourses are now fully operational in 16 Sub Saharan Africa with a combined market capitalization of $100 billion.
Neil Harvey, CEO Renaissance Group Africa & Middle East, said, "The major investor interest at this conference reinforces our view that Sub-Saharan Africa's economic progress is real and sustainable. The scale and diversity of the presenting African businesses shows that a continent wide resurgence is taking place. In each unique Sub-Saharan country, market forces are unleashing human and physical resources, allocating capital and creating unprecedented value."
About Renaissance Group (www.renaissancegroup.com)
Renaissance Group is an independent group of investment banking, asset management, merchant banking and consumer finance companies, specialising in high-opportunity emerging markets. The Group began operations in Sub-Saharan Africa in 2006. It is creating the region's leading financial services platform, establishing pan-regional investment banking, stock broking, research and asset management operations through its offices in Lagos and Nairobi. Renaissance Group has already invested US$500 million in Africa, including a share in ETI, a leading West African banking franchise already operating in 16 countries. It also led the international US$300 million equity offering by Nigeria's United Bank for Africa in April 2007 and the US$300 million equity offering by Nigeria's Access Bank in July 2007.
Contacts
The PBN Company for Renaissance Group
Stuart Leasor, +44 7703 537721
stuart.leasor@pbnco.com
Jennings' spoke at the opening session of one of the largest Africa investment conferences ever held, where African ministers and regulators joined with chief executives of 35 top regional corporations and more than 400 investors, financiers and analysts. The two day event, "Sub-Sahara Africa: Unlocking Investment Potential," is organised by Renaissance Group, the high-opportunity emerging markets financial group.
Participants include Dr Ngozi Okonjo-Iweala, Chair of Renaissance Group's African Advisory Boards and Managing Director (Designate) of the World Bank; Dr Mo Ibrahim, Chairman, Mo Ibrahim Foundation; Mr Babatunde Fashola, Governor of Lagos State; Mrs Diezani Allison-Madueke, Minister of Transportation Nigeria; and Ng'andu P. Magande MP, Minister of Finance & National Planning, Zambia.
Several hundred one-on-one investor presentations are being made by top executives from 35 listed companies covering the banking, insurance, telecom, mining, food processing, oil & gas, hospitality, IT, utilities and construction sectors, among others. National bourses are now fully operational in 16 Sub Saharan Africa with a combined market capitalization of $100 billion.
Neil Harvey, CEO Renaissance Group Africa & Middle East, said, "The major investor interest at this conference reinforces our view that Sub-Saharan Africa's economic progress is real and sustainable. The scale and diversity of the presenting African businesses shows that a continent wide resurgence is taking place. In each unique Sub-Saharan country, market forces are unleashing human and physical resources, allocating capital and creating unprecedented value."
About Renaissance Group (www.renaissancegroup.com)
Renaissance Group is an independent group of investment banking, asset management, merchant banking and consumer finance companies, specialising in high-opportunity emerging markets. The Group began operations in Sub-Saharan Africa in 2006. It is creating the region's leading financial services platform, establishing pan-regional investment banking, stock broking, research and asset management operations through its offices in Lagos and Nairobi. Renaissance Group has already invested US$500 million in Africa, including a share in ETI, a leading West African banking franchise already operating in 16 countries. It also led the international US$300 million equity offering by Nigeria's United Bank for Africa in April 2007 and the US$300 million equity offering by Nigeria's Access Bank in July 2007.
Contacts
The PBN Company for Renaissance Group
Stuart Leasor, +44 7703 537721
stuart.leasor@pbnco.com
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