Paving the way for capital inflows into Africa

Africa Investor (Ai) hosted The CEO Investment Climate Summit alongside the World Bank annual meeting in Washington DC on 23 September 2011 followed by The CEO Institutional Investment Summit and Index Series Awards held at the New York Stock Exchange (NYSE) on 26 September 2011.

Ronald Kent, Group Executive Vice President of the New York Stock Exchange

The successful summits were attended by the likes of Sir Bob Geldof, Jean Ping, as well as heavyweights of the African trade and investment sector – including Julius Steyn and his delegation from the World Trade Center Africa Initiative.

Africa investor (Ai) is a leading international investment research and communications group. The Summits once again proved to be the premier platform for bringing together African capital market leaders. A delegation from the World Trade Center Africa Initiative attended the Investment Summit at the NYSE on Wall Street, as well as the Investment Climate Summit on Frameworks for Africa’s Investment Growth held at The Ritz Carlton Hotel in Washington DC.

CEO Investment Climate Summit

Julius Steyn - Explanation of the WTC Africa Initiative

At the CEO Investment Climate Summit on 23 September 2011 in Washington, Mr. Julius Steyn (President World Trade Center Africa Initiative) and Sven Boermeester (Media Director Africa World Trade Center Africa Initiative) addressed a full house of over 200 top-level people from private investors, African Ministers of Finance, Development Finance Institutions, donors, the African Union, to African Policy makers. The purpose of this presentation was to increase trade with Africa through the education of the World Trade Center Africa Initiative’s enterprises.

CEO Institutional Investment Summit

Held in association with NYSE Euronext at the New York Stock Exchange, this Summit attracted over 250 of the best of the continent’s business and government leaders, as well as high-level investors from the US and around the world. The Summit was opened by Duncan Niederauer, CEO of the New York Stock Exchange and featured the Africa Investors/United Nations African Heads of State Investment Dialogue and Networking Luncheon. In honor of the occasion, African Capital Market Leaders and Other African Offcials rang The Closing BellSM over the Trading Floor.

African capital market leaders ringing the NYSE Closing Bell

Attendees included private sector leaders and the heads and CEOs of some of Africa’s most important and active stock exchanges and companies. African blue chip companies, Sovereign Wealth Funds and professional emerging market investors, decision makers from stock markets, listed companies, sovereign wealth funds, fund managers, stockbrokers and analysts who follow African equities were also present to discuss regulation and investing in African capital markets. Some notable fgures included Zin Bekkali, CEO of Silk Invest; Tshepo Mahloele; Dele Babade, Head of Ecobank Capital; Philisiwe Buthelezi, CEO of National Empowerment Fund, Ekow Afedzie, CEO of the Ghana Stock Exchange; and Sunil Benimadhu, CEO, Mauritius Stock Exchange and Chairman of the ASEA; as well African Union head Jean Ping.

Jean Ping, head of African Union

In his The Future of Trade in Africa address to the key target markets, Mr. Julius Steyn (President World Trade Center Africa Initiative) – described the session as follows: “The impact of 1% increase in trade with Africa on the continent’s economy is signifcant – it is 16% more than the continent needs to alleviate poverty and three times more than the annual financial aid it receives.

World Trade Center Africa Initiative offers opportunities for large Institutional Funds to participate in this growth market. World Trade Center Africa Initiative combines its currently growing presence in 12 sub-Saharan countries with its on-the-ground security of commodity sources, its focus on SME and supply logistics to provide Short Term high yield vanilla Trade Finance opportunities using ICC URDG 758. The objective is to increase trade while reducing the participation risk for Institutions Funds, through a spread of African sovereign risk and fully collateralised trade transactions.”

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