Rencap maintains its view of Egypt being the best investment destination in North Africa post highly successful economic reforms.
Renaissance Capital, a leading emerging and frontier markets investment bank, will hold its North Africa Investor Conference on 9-10 April 2019 at the Cape Grace Hotel in Cape Town, South Africa. This is one of the Firm’s spring season run of investor events across its core geographies.
The conference aims to bring together Egypt’s leading corporates and South Africa’s key institutional investors. Participating companies represent a variety of sectors such as consumer, healthcare, banking and financial services, manufacturing and real estate.
The event will host top South African and international institutional investors with aggregate assets of c. $20bn and provide an efficient networking platform for corporates and investors, as well as access to senior managers, public officials and Renaissance Capital’s top research analysts, who will share their insights on the region’s outlook.
One of the conference’s focal themes will be Egypt as an investment-driven growth story. The opening ceremony of the conference will include a keynote address by Mr. Mohamed Farid Saleh, Chairman of the Egyptian Stock Exchange on the role of capital markets in Egypt’s economy.M
Current projections for the global GDP growth rate anticipate this to increase nearly fourfold over the next four decades, with the share of northern countries (especially the OECD) likely to drop from 54% in 2010 to less than 32% by 2050. This presents African countries with an opportunity to attract more investments given their current efforts in building the proper infrastructure.
Mohamed Farid Saleh, Chairman of the Egyptian Stock Exchange
We are looking forward to this year’s conference and stimulating engagement with corporates and investors. I am convinced that against this fast-evolving global geopolitical and economic backdrop, the participants will have a great deal to share, discuss and debate. Renaissance Capital is especially bullish on Egypt as a reform-led growth story that is seeing increased investor participation in both equities and fixed income. The region remains one of our core markets, where we continue to actively grow our capabilities across all areas of operations, including investment banking, research and trading.
Amr Helal, CEO, North Africa, Renaissance Capital
Renaissance Capital operates in the MENA region from its office in Cairo, Egypt, established in 2017. The Firm is actively expanding the team and its client offering to grow its North Africa operations. The most recent hires include Risana Zitha, who was appointed as Head of Investment Banking, Africa, and Nancy Fahmy, who was appointed as Vice President, Financial Services Research.
*Charles Robertson “Thoughts from a Renaissance man – Egypt: Still the best reform story in EEMEA”, March 2019
