Africa investor to host Ai CEO Institutional Investment Summit at the New York Stock Exchange as a US-Africa Obama Summit follow-up
Washington DC, USA; 6 August 2014: Africa investor (Ai), a leading international investment and communications group, today welcomed the announcement from President Obama’s US-Africa Business Summit that the pledged US $14 billion in direct investment will be poured into the continent. Ai will be following up this meeting in the US with a select group of US and African institutional investment leaders at the New York Stock Exchange on September the 22nd at the 7th Africa investor (Ai) CEO Institutional Investment Summit.
Africa investor welcomes the realisation that it is critical that US business partners with African business on direct investments and localises to ensure that they optimise the success of their investments in Africa. Commenting on the Obama Business Forum, Hubert Danso, CEO and Vice Chairman of Africa investor, said: “In addition to forging business partnerships, there is a critical need to delineate and further harness US and African institutional investment capital and the untapped investment potential of African and US institutional investors, representing several trillions of US dollars for unparalleled high growth and regional integration projects in Africa. It is therefore vital that we double our efforts, better inform and partner US institutional capital and co-develop capital market and private equity transactions.”
“Africa investor estimates that Africa’s largest pensions funds’ assets will exceed US $7 trillion by 2050, ready to support investment across Africa, which, coupled with the several trillions available with US institutions today, could be a difference maker for growth and job creation, both in the US and Africa.”
The 7th Ai CEO Institutional Investment Summit, held in partnership with the New York Stock Exchange, will focus on facilitating transactional investment partnerships between select African and US institutional investors, and sovereign wealth and pension funds, to invest in Africa’s fastest growing sectors and capital markets. The transaction-focused Ai CEO Summit will convene Africa investor partners from African and US pension and sovereign wealth funds, as well as leading CEOs from listed companies in Africa to investigate co-investment opportunities.
Africa investor Capital will also host a series of one-on-one investor meetings during the Summit.
The 7th Ai CEO Institutional Investment Summit partners include: NYSE Euronext, GE Africa, Ecobank, Auerbach Grayson & Co, ASEA, UNOSAA, Global Partnerships Forum, ACP Business Climate Facility and The Bunengi Group. The Ai invitation-only Summit and the Ai Index Series Awards will take place at the New York Stock Exchange, in New York, USA, on the 22nd of September 2014.
Note to Editors
For more information on the Africa investor (Ai) CEO Institutional Investment Summit and Awards, contact Catherine Wright on +27 11 783 4043 or firstname.lastname@example.org.
About Africa investor – www.africainvestor.com
Africa investor is a specialist investment and communications group advising governments, international organisations and businesses on communication strategies for capital market and foreign direct investments in Africa. Africa investor publishes Africa investor, the leading international newsstand magazine for Africa’s investment decision makers; maintains the Africa investor 40 Investors’ Index, hosts the Ai Index Series Summit & Awards and the Africa investor Infrastructure Projects Summit & Awards, among other events.
About the Africa investor Index Series
Africa investor Research provides a family of products and services that support our clients’ investment processes in major asset classes across Africa. Our goal is to leverage our deep understanding of Africa’s financial markets to turn data-driven insights into tools that our clients can use to meet their investment process needs. Ai produces weekly, value-traded adjusted, market capitalisation-weighted indices. Its Ai100 and Ai 40 Investors’ indexes capture the top 40 and 100 of the largest and most liquid publicly traded stocks across Africa ranking them by market capitalisation and by liquidity as measured by the average daily value traded in US Dollars. The Ai40 and Ai100 indices can be found on Bloomberg and Reuters and are licensed to fund managers.