EA pension funds, insurance firms meet to boost investment next month
14th April 2010
Email
Print
Comments
Officials from Tanzania pension funds,
insurance companies and other long term investors are among East African
executives who will meet in Nairobi, Kenya next month to discuss
opportunities for investment in private equity
A statement issued by four institutions
said that besides Tanzania, other representatives would come from Kenya,
Rwanda, Uganda and Burundi.
It said that the meeting organised by the
Commonwealth Secretariat, African Development Bank, African Venture
Capital Association and Aureos Capital is scheduled from May 18 to 19,
2010 and would also bring together representatives from regulatory
bodies and other stakeholders.
"Sub-Saharan Africa is one of the biggest
growth stories in emerging markets private equity," said David
Ashiagbor, an economic adviser at the Commonwealth Secretariat.
Ashiagbor added that fundraising activity
by private equity fund managers in sub-Saharan Africa almost tripled
from USD800m in 2005 to over USD2.2bn in 2008, and reached USD1bn in the
first half of 2009.
Martin Poulsen, Chief Private Equity
Officer of the African Development Bank, co-sponsor of the meeting,
noted that the growth in fundraising has been led by development finance
institutions, international commercial banks, pension funds and even
private investors.
"Raising funding from African
institutional investors companies remains a challenge. This needs to be
addressed - and we hope this roundtable will help to unlock the untapped
potential from African investors," he said.
He said specifically, the Nairobi meeting
aims to introduce participants to private equity as an asset class,
familiarise participants with the private equity industry in Africa and
provide the opportunity to meet with fund managers, investors and other
stakeholders, and provide them with an understanding of the structure of
private equity funds, operations and governance.
Among the speakers include participants
from the International Finance Corporation (IFC), Washington DC, CDC
Capital Partners, London, South Suez Capital, Johannesburg and, the
Emerging Markets Private Equity Association (EMPEA) based in Washington
DC.
IBM pact with govt to ‘bring’ Silcon Valley revolution to Tanzania
SOURCE:
THE GUARDIAN
No comments:
Post a Comment