In a recent press release by Renaissance Capital, a leading emerging and frontier markets investment bank, the firm disclosed that it will hold its 10th Annual Pan-Africa 1:1 Investor Conference on 15-16 May 2019 at the Lagos Continental Hotel in Lagos, Nigeria. The Firm will mark this anniversary event with special insights and extensive coverage.
The conference serves as a platform for closed-door 1:1 meetings between top global and local investors from across the globe and corporate representatives to discuss investment opportunities in Nigeria and other fast-growing economies on the continent.
More than 200 scheduled 1:1 meetings will bring together local corporates and international and Africa-based investors with total AUM of ca. US$150bn.
Speakers earmarked for the event include, Yewande Sadiku, Executive Secretary / CEO of the Nigerian Investment Promotion Commission (NIPC) who will take the keynote address of the opening ceremony and Charles Robertson, Global Chief Economist, Renaissance Capital, to give a talk on Nigeria’s structural reform and diversification from oil dependency as key to industrialisation.
Speaking about the event, Temitope Popoola, CEO, Nigeria, Renaissance Capital, commented thus: “We are delighted to welcome all participating corporates and investors to the 10th edition of our annual conference, particularly those who have travelled from countries outside of Nigeria to be a part of the event. We expect discussions at this year’s event to be driven by expectations for the new political environment considering the recently concluded elections.
Renaissance Capital remains committed to Africa, which is evidenced by our growing share of market and deal pipeline in each of our core regions in the continent, particularly Nigeria. We successfully priced a debut US$450mn 9.50% five-year Reg S/144A bond offering for Ecobank Transnational Incorporated, a leading Pan-African bank and we are currently involved in several landmark transactions with key clients.”
Charles Robertson, Global Chief Economist, Renaissance Capital, also said: “We do believe that further improvement in the business climate and a strong welcome to foreign investors are necessary for Nigeria to lift the investment rate. With some rapid reforms, a better value currency, accelerating growth – Nigeria could become an overweight again.”
The firm further noted that the Annual Pan-Africa 1:1 Investor Conference in Lagos, Nigeria, will be combined with bespoke investor trips to the most exciting investment destinations in West Africa and dedicated site trips on the back of the event. It will be preceded by two-day trips to Accra, Ghana and Abuja, Nigeria and followed by a focused investor site visit in Nigeria.
About Renaissance Capital:
Renaissance Capital is a leading emerging and frontier markets investment bank providing access to 50 markets across the globe, with operations in Africa, Central and Eastern Europe, North America and Asia. Founded in 1995, the Firm has established market-leading positions in each of its core businesses – equity and debt capital markets, M&A, markets business division, including equity & equity derivatives, fixed income, FX & FX derivatives, commodities and REPO & financing; as well as research and prime brokerage. It has one of the largest EEMEA distribution and execution platforms, with Sales and Trading teams present in London, Moscow, New York, Johannesburg, Cape Town, Lagos, Nairobi and Cairo. Renaissance Capital is owned by ONEXIM Group.
Renaissance Capital published its IFRS financial results for FY2018 (ending 31 December 2018) on 15 April 2019. During the reporting period, net profit was consistent YoY at USD13.5mn. Operating income was steady at USD141.2mn.
Renaissance Capital was named as the Most Innovative Investment Bank in Emerging Markets in 2018 by The Banker’s Investment Banking Awards. The Firm also recorded an impressive set of results in the 2018 Extel Survey for the third consecutive year, with strong placings in a range of categories for individual analysts and the Firm overall.
In the 2018 Financial Mail awards for African equity research, the Firm’s local team was ranked fourth, and individual analysts achieved top positions in their respective categories. The Global Finance magazine 2018 awards named Renaissance Capital as the Best Bank in Frontier Markets.
SOURCE; NIPC INTELLIGENCE