Africa investor, an international investment and communications group, says it has finalised arrangements plans to host the 7th Africa investor CEO Institutional Investment Summit in New York, United States of America.
Ai said in a statement on Wednesday that the summit, which it is organising in partnership the New York Stock Exchange, would take place on the floor of the NYSE on September 22.
According to the statement, the summit 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 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,” the statement said.
The Chief Executive Officer, Vice-Chairman, Ai, Hubert Danso, was quoted in the statement as saying it was important for US businesses to partner with their African counterparts on direct investments in order to ensure that their investments in Africa were optimised.
US President, Barack Obama, had said while making a pledge of $14bn direct investments in Africa at the recent US-Africa Business Summit that as Africa continued to grow, would continue to collaborate with the continent.
Danso 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 investor which amounts to several trillions of US dollars for unparalleled 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 $7tn 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.”
Punch
