Investors, including the United States pension funds and endowments, will meet at the Africa investor CEO Institutional Investment Summit 2015 to discuss business opportunities in African countries and other parts of the world.
Holding in New York this week, the summit will be held alongside the United Nations General Assembly Summit on Sustainable Development Goals.
According to a statement by African investor, the organiser of the summit, the participating institutions at the summit include: Institutional Limited Partners Association, World Pensions Council, and IFC Asset Management.
The statement quoted the Chief Executive Officer, Ai, Mr. Hubert Danso, as saying, “Africa is set to see the highest global growth in the coming years and, coupled with Ai Research estimates that Africa’s pension fund assets are set to exceed $7tn by 2050, this holds exciting possibilities for Africa’s untapped capital market and private equity investment opportunities.”
Commenting on the summit, Danso said, “For Africa to realise its economic potential, it is critical that long-term industries, such as infrastructure, energy and transport provide the groundwork for private equity market growth and job creation in Africa.
“We are, therefore, delighted to convene this first US and African long-term institutional investment leaders’ meeting, following President Obama’s Africa trip, which highlighted Africa’s economic and entrepreneurship potential.”
He added, “This summit will engage the US and African institutional investment community in co-investment opportunities that will support both the US and Africa’s economic growth.”
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Source : Punch