EAC trio to court investors in London KAMPALA, Uganda - East African Community (EAC) Presidents will be in London on October 20 to court top institutional investors. Institutional investors are the giants of the international money market sitting on several hundreds of billions of dollars of their clients money. They are represented by pension funds, mutual funds, money managers, insurance companies, investment banks, commercial trusts and endowment funds. According to a press release, President Museveni, will showcase the 14 projects at The Global African Investment Summit (TGAIS). The Summit, chaired by former President of Nigeria, Olusegun Obasanjo, is seeking to direct funds nto projects across five nations – Uganda, Ghana, Rwanda, Tanzania, and Togo. Paul Sinclair, the TGAIS event Director said, “The Global African Investment Summit will see government delegations from Africa present bankable investment opportunities to an audience of institutional investors, fund managers, PE firms and large corporations.” Ghana’s President, John Mahama President Paul Kagame of Rwanda, President Jakaya Mrisho Kikwete of Tanzania, President Faure Gnassingbé of Togo and President Yoweri Museveni of Uganda. The Lord Mayor of the City of London, Alderman Fiona Woolf will attend. All three EAC countries have large infrastructure projects on the drawingboard or in early days of implementation mostly in the energy, and transport sectors. TGAIS is run in partnership with four African state houses and is the only platform that brings together the public and private sectors to discuss specific transactions, access to finance and bankable projects in Sub Saharan Africa requiring investment and technology transfer. The leaders will travel to the event with finance ministers, sector specific ministers and CEOs from state owned enterprises to address and hear from the global financial markets. In attendence will also be project implementers, consultants and law firms about co-financing and executing their most pressing projects in agribusiness, natural resources, power, and critical Infrastructure. According to the organisers, firms including PricewaterhouseCoopers (PwC), Goldman Sachs, Santander, Standard Chartered Africa, VISA, VistaJet International, Nubuke Investment LLP, Associated British Foods, Atlas Mara, Audley Capital Advisors LLP, Baker & McKenzie, Bank of America Merrill Lynch, Bell Pottinger, Blue Square Minerals Limited, Calibri, Qalaa, Citigroup, CNOOC Africa Limited, Double Kingdom Limited, Duet Group and Ecobank Transnational are expected to feature prominently at the forum. busiweek/index1.php?Ctp=2&pI=1953&pLv=3&srI=67&spI=120&cI=15
Posted on: Fri, 17 Oct 2014 22:30:18 +0000
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