Moscow’s Renaissance Capital, seeing Africa as “a golden opportuunity for investors”, is hosting a three-day annual one-to-one pan-Africa investor conference in Lagos which opened on February 11.
“Against the current backdrop of global market instability, Africa remains a source of tremendous growth and opportunity”, RenCap said in a statement.
The current fourth Pan-Africa Investor Conference “draws hundreds of high-calibre international and local investors and some of the foremost corporate names from across the continent, for exclusive 1:1 meetings, discussion and insight”, the Russian investment bank said.
The statement quoted RenCap chief executive John Hyman as saying: “Seven years after entering Africa, and building the largest on-the-ground presence of any international investment bank, we are here today to help accelerate the world’s realisation that Africa’s day has arrived. The calibre of investors this year is unprecedented, reflecting the global investor community’s focus on African, and in particular Nigerian, growth stories.”
Yvonne Ike, RenCap’s chief executive for West Africa, said: “At Renaissance Capital, we firmly believe that Africa is experiencing a rapidly evolving growth revolution, much of this revolution will catch people by surprise. Nigeria will lead this growth revolution.”
The conference was opened by globally renowned Nigerian economist Ngozi Okonjo-Iweala, who is her country’s co-ordinating minister for the economy and finance minister, and a contributor to The Fastest Billion: The Story Behind Africa’s Economic Revolution, a book brought out by RenCap.
Other speakers at the event are Sanusi Lamido Sanusi, governor of the Nigerian Central Bank, Oscar Onyema, chief executive of the Nigerian Stock Exchange, Bismarck Rewane, managing director of Nigeria’s Financial Derivatives Company Limited, and Nick Blazquez, chief executive of Diageo Africa, the African operation of Diageo, a London-headquartered multinational alcoholic beverages company.