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| 7/10/2008 |
| INTERNATIONAL INVESTORS SHOW KEEN INTEREST IN NIGERIAN COMPANIES AT RENAISSANCE/NSE LONDON ROAD-SHOW |
Lagos - International investors from across the world today demonstrated the growing attraction of the Nigerian market when they attended the Renaissance Capital/NSE second annual road-show in London for private companies that intend to list on the Nigerian Stock Exchange in the near future.
With 20 Nigerian companies on show, the event at the Mandarin Oriental Hotel in London showcased the best of the Nigerian corporate world and demonstrated that international interest in the Nigerian investment opportunity is not limited to the more commonly highlighted financial services sector.
Roland Nash, Head of Research at Renaissance Capital said; "Nigeria is the most exciting market that the firm is operating in today, the potential I see and the excitement I get from investors is enormous. We believe that the market could grow from US$80 Billion today to US$350 Billion by 2012".
Giving the keynote address Wale Tinubu, Group CEO of Oando PLC said; "Our rapid growth would not have been possible without listing - that the is message we are here to communicate in London today." He added; "We have a fundamental opportunity to build an exchange that is representative of the Nigerian economy."
Host Andrew Cornthwaite, CEO of Renaissance Nigeria and Deputy CEO of Renaissance Capital said "There is more to Nigeria than just the banks. We have a wide range of companies here to showcase to the international investor community. Some are world class already, some are just start ups and some just need a little more mentoring."
The event was attended by over 100 investors from across the world in a demonstration of the level of interest in the potential of non-banking Nigerian companies.
Renaissance Capital, the frontier market specialist, is the only international investment bank with operations on the ground in several sub-Saharan countries including Nigeria, Kenya, Ghana, Zambia, Zimbabwe and South Africa and continues to expand across the region. The firm combines this local presence on the ground with Renaissance Group's global expertise in investment banking, asset management, merchant banking and consumer finance.
About Renaissance Capital (www.rencap.com)
Renaissance Capital is a leading investment banking firm in the CIS, Central Asia and Sub-Saharan Africa. Renaissance Capital has market-leading positions in each of its core businesses - M&A, equity and debt capital markets, securities sales and trading, research and derivatives. Renaissance Capital is part of the Renaissance Group.
About Renaissance Group (www.renaissancegroup.com)
Renaissance Group is an independent group of investment banking, asset management, merchant banking and consumer finance companies, specialising in high-opportunity emerging markets. The Group began operations in Sub-Saharan Africa in 2006. It is creating the region's leading financial services platform, establishing pan-regional investment banking, stockbroking, research and asset management operations through its offices in Lagos and Nairobi. Renaissance Group has already invested US$500 million in Africa, including a share in ETI, a leading West African banking franchise already operating in 16 countries. It also led the international US$300 million equity offering by Nigeria's United Bank for Africa in April 2007 and the US$300 million equity offering by Nigeria's Access Bank in July 2007. |
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