By Andrei Skvarsky.
Russia’s Renaissance Capital has opened its fifth annual pan-Africa investor conference in Lagos.
This year’s conference brings together about 400 guests, including 200 investors representing global and frontier funds. The delegates also include senior managers from some of Africa’s largest companies and senior government figures, among them Nigerian Finance Minister Ngozi Okonjo Iweala, the Moscow-headquartered bank said in a statement.
The programme of the three-day forum includes site visits across Nigeria, Kenya, Ghana and other African countries, and about 650 meetings.
“In the mid-2000s, we were confident Africa would become one of the most promising points on the world’s economic map; and after eight years of building our business in Nigeria, South Africa and Kenya, we are still confident we made the right decision,” the statement quoted RenCap chief executive Igor Vayn as saying.
“The progress achieved by major African economies, and in particular Nigeria, is very impressive, and we believe these are only the first steps in a huge, growing story for the next decades.”