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| 9/8/2009 |
| Renaissance Capital hosts international investors, leading CEOs at Nigerian investment conference |
Lagos, September 8, 2009 – Renaissance Capital opened its Nigeria investor conference here today with senior government ministers, CEOs of many of the country's top companies and more than 100 investors from all over the world in attendance.
The conference, an opportunity for global institutional investors to gain a first-hand look at Nigeria's listed corporations, continues through Friday, September 11 in Lagos. The investors in attendance manage in excess of $250 billion in emerging markets assets.
"Investors are beginning to recognize that in the coming years the vast majority of global growth will come from emerging markets, and growth will be particularly strong in Africa," said Renaissance Capital Africa CEO Andy Lowe. "Our largest institutional investor clients are saying: show us where the greatest opportunities are, and that is exactly what we are doing this week in Lagos."
Renaissance Capital has arranged more than 200 one-on-one meetings between senior executives of the country's top corporates and international as well as Nigerian investors.
Speakers at today's plenary session include Central Bank of Nigeria Deputy Governor Tunde Lemo, Minister of State Finance Remi Babalola and regulators including NAICOM's Fola Daniel, PENCOM's Muhammad K. Ahmad and SEC's Daisy Ekineh. CEOs and other top executives from Dangote Group, Honeywell Group, MTN, Nestle, First Bank, Diamond Bank, Fidelity Bank and many others will also attend. Renaissance Group CEO Stephen Jennings is also in Lagos for the event.
"Nigeria remains one of the most exciting investment opportunities anywhere in the world. The equity market has been on a rollercoaster ride this year, but we see 35% upside in the market by the end of 2009 and significant economic growth in Nigeria in 2010," said Matthew Pearson, Renaissance Capital Head of Africa Research.
Renaissance Capital held an international investor conference in Harare, Zimbabwe in June and is planning a similar event in Nairobi, Kenya in October 2009.
About Renaissance Capital (www.rencap.com)
Renaissance Capital is a leading investment banking firm in Russia, Ukraine, Central Asia and Sub-Saharan Africa. The Firm is active across the African continent and maintains offices in Lagos, Nairobi, Harare, Lusaka and Accra. 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.
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