Session I – Finance
How are we making successful investments in Africa?
The African investment landscape has not been impervious to the consequences of geopolitical events, 2016 saw a slowdown in deal activity (largely due to currency volatility in countries such as Nigeria and Egypt), there were a number of notable and interesting deals that show private equity investors in Africa are still willing to back companies where they see long-term growth opportunities.
A fall in commodity prices last year, which started in 2014 (principally about oil, coal and iron ore), had an even more dramatic impact on the macro economic landscape in sub-Saharan Africa. The region’s three largest economies (Nigeria, Angola and South Africa) saw their GDP growth slow and, in some cases, even contract as a direct result of this, leading to falls in the value of their local currencies.
There are a lot of emerging markets competing for investment, and for Africa the shine has come off recently. What has altered the economic and political landscape? Where is investment flowing now, and where are the new opportunities—and risks—appearing?
Panel: How are we making successful investments in Africa? What are the lessons learnt?
- Mr. Tutu Agyare, Managing Partner, Nubuke Investments
- Dr. Pontus Engstrøm, CEO, MTI Investments
- Mr. Adam Ikdal, Managing Partner, Boston Consulting Group
- Mr. Yomi Ademola, Head West Africa, Rendeavour
Panel: Doing business with African currencies
- Mr. Jean-Claude Ngaboyisonga, FX Sales Scandinavia, Global Payments, INTL FCStone
- Ms. Gaimin Nonyane, Head of Economic Research, Ecobank
Moderator: Mr. Lanre Akinola, Editor, African Business magazine