Archive for the 'Conference' Category

Latest on developments in African capital markets

Presentations from the exciting Building African Financial Markets (BAFM) seminar are now available on the Internet. The 6th edition of BAFM was hosted the first time in North Africa by the Casablanca Stock Exchange (CSE) in Morocco on 18-19 May, 2017. The seminars are organized with the African Securities Exchanges Association (ASEA).

The theme of the event was “Global Best Practices to Enhance the African Capital Markets”, I was compere and there were many top presentations which you can download here. It provided a great platform for sharing information and discussing best ways the exchanges can support Africa’s needs for long-term capital.

According to the host, Karim Hajji, Deputy President of ASEA and CEO of the Casablanca Bourse: “The Casablanca Stock Exchange is more than ever before convinced of the important role of African exchanges in mobilizing the means for financing the continent’s growth. BAFM is indeed an opportunity to consider new paths of cooperation and enhance synergies so as to improve the role of Exchanges in financing the African economy.”

BAFM is a capacity-building initiative designed to promote growth in African financial markets. The Casablanca meeting attracted more than 100 delegates from within and outside Africa. There were very many top speakers including: Abimbola Ogunbanjo (First Vice President of the Nigerian Stock Exchange), Ronald Webb (Director – Financial Services, Safaricom Ltd), Riccardo Ambrosini, (Climate Finance Specialist, IFC World Bank Group) and Selloua Chakri (Head of Market Structure Strategy MEA Region, Bloomberg L.P.).
This high-level meeting provided a.

Oscar N. Onyema, President of ASEA and CEO of the Nigerian Stock Exchange, said; “Building the African financial market is our collective responsibility, hence we must seek out knowledge that empowers each of us to remove impediments to the advancement of our market.”

To view the presentations as well as the pictures of the Seminar, please visit http://www.african-exchanges.org/sites/default/files/publications/building_african_financial_markets.pdf and http://www.african-exchanges.org/en/media#contentCarousel/gallery respectively.

Top speakers for BAFM capacity-building seminar 18-19 May


Leaders and movers of African capital markets are heading to Casablanca for the 6th Building African Financial Markets (BAFM) capacity-building seminar on 18-19 May, organized by Casablanca Stock Exchange with the African Securities Exchanges Association and supported by member exchanges.
This year focuses on “Global best practices to enhance African capital markets”. The agenda features CEOs of top African exchanges and other industry leaders: Oscar Onyema CEO of Nigerian Stock Exchange and President of ASEA, Siobhan Cleary of the World Federation of Exchanges, Karim Hajji CEO of Casablanca Stock Exchange, and speakers from Bloomberg, International Finance Corporation, Ethiopian Commodity Exchange, Tanzania Capital Markets and Securities Authority, Securities and Exchange Commission (Nigeria), Safaricom, Kenya Retirement Benefits Authority, Maroclear, and many others.
Topics include: demutualization and growth, what the new US administration means for African markets, financial inclusion, pensions, liquidity, green finance, global principles on IT infrastructure, and regional integration of exchanges in East, West and Southern Africa.
It will be held at Casablanca Most Events Business Center, Anfa Place, Casablanca, Morocco. Don’t miss a great chance to meet the drivers of Africa’s capital markets development. For more, check the Casablanca Stock Exchange website page.

Conference: Pensions and Alternative Investments Africa 15-16 March

How fast-growing pensions can transform African economies

Africa’s pension and institutional savings industry is crossing the threshold into a major growth path. Channelled appropriately, they can transform Africa’s business and investment landscape and boost economies and savings.

Institutional savings – pension, insurance and other funds – are emerging as transformative forces for Africa’s economies. Industry leaders and others will discuss it at AME Trade’s Pension Funds & Alternative Investment Africa Conference (PIAFRICA), to be held in Mauritius from 15– 16 March.

The theme is “How can we leverage pension and investment funds for the development of Africa?” Pensions in 10 African countries were tallied at $379 billion in assets under management (including $322bn in South Africa). It is forecast that pension funds in the six largest sub-Saharan African markets will grow to $622bn in assets by 2020 and to $7.3 trillion by 2050.

The aim of the PIAFRICA conference is to debate whether the environment is being created for these funds to go into productive investments that will ensure their members get good returns and that contribute effectively to Africa’s growth. PIAFRICA will bring together the leaders of pension funds and institutional investors, policymakers, regulators, capital-markets, private equity and other stakeholders and is endorsed by the African Securities Exchanges Association (ASEA)

Discussions will focus on maximizing Africa’s pension fund and institutional investor opportunity, and will revolve around the following topics:
• Key trends, challenges and opportunities for Africa pension funds, Insurance, mutual and social security funds
• Africa’s growing funds and their potential to develop capital markets
• How to achieve long-term benefits through investing in infrastructure and other alternative assets, including real estate
• Private equity as an investment avenue for pensions
• For and against more latitude to invest across African borders?
• Best practices for sustainable growth and trust in funds
• Capacity building and support tools
• Technology, fund administration and member services
• Country profiles: African pension funds

Top speakers confirmed to date include:

  • Doug Lacey, Partner, Leapfrog Investments
  • Eric Fajemisin, Chief Executive, Stanbic IBTC Pension Managers
  • Mr PK Kuriachen, Chief Executive, Financial Services Commission
  • Ernest Thompson, Director General, Social Security & National Insurance Trust
  • Krishen Sukdev, CEO, Government Pensions Administration Agency
  • Richard Arlove, CEO, Abax Services

For more visit http://ametrade.org/piafrica/. For media accreditation and interviews contact Barbora Kuckova, Marketing Manager, AME Trade Ltd, Tel: +44 207 700 4949 Email: barbora@ametrade.org

Rwanda to host 20th African Securities Association conference on 27-29 November

The Rwanda Stock Exchange (RSE) and the African Securities Exchanges Association (ASEA) will host the 20th Annual ASEA Conference in Kigali, Rwanda on 27-29 November. The ASEA annual conference is the flagship event for Africa’s capital markets and all those who work in them. This year’s theme is “The road to 2030: Making the African capital markets relevant to the real economy”.
Celestin Rwabukumba, RSE CEO, explained: “The conference will bring together more than 300 global and regional experts and stakeholders in capital markets, regulators, law firms and issuers, domestic, regional and international investors, rating agencies, portfolio and investment managers, government representatives, and technology providers to ask questions and address the big question of how African securities exchanges should become more effective and play a bigger role in mobilizing capital for African businesses that will drive our economies on the global economic stage.” He added it offers an opportunity for the East Africa Community (EAC) region to demonstrate how much can be achieved through integration of regional securities markets – the EAC is leading the way with an exciting capital markets integration programme as part of stronger regional economic links.
The gathering will also celebrate the RSE’s 5th birthday, it was formed in 2011. “It’s been an exciting 5 years for us. We have grown on all fronts and are increasing our numbers every year in terms of market participation, companies coming on board and technology. This will definitely be a good occasion,” Rwabukumba added.
There will also be scope for tourism and other enjoyment after the conference.

Kigali under Vision 2020 (photo: www.TopBoxDesign.com)

Kigali under Vision 2020 (photo: www.TopBoxDesign.com)

Local bond markets to fore at AfDB workshop

The African Development Bank’s African Financial Markets Initiative (AFMI) is discussing local-currency bond markets this week in Johannesburg, and over 30 countries will be there according to the press release. Key topics include how to develop domestic institutional investors, with experiences shared from across Africa, and updates on gathering data and help to include more countries in an AfDB-Bloomberg bond index.
AFMI runs a helpful financial markets database, available through their website www.africanbondmarkets.org, featuring bond and money-market news and helpful capital market descriptions for different African countries as well as a data portal.
The first day of the workshop, today 30 Nov, covers the database and the African Fundamental Bond Index as well as technical assistance. It includes how to collect accurate pricing data so that more countries can be included in the African Development Bank (AfDB/AFMI-SM) Bloomberg® African Bond Index (ABABI).
Tomorrow, 1 Dec, is open to investment banks, stockbrokers, exchanges and financial institutions. This includes presentations on the ABABI index, an African Domestic Bond Fund, and perspectives from institutional investors.

To participate in the 1 Dec African bond markets workshop please contact afmi@afdb.org as soon as possible.

AfDB launched the initiative in 2008 as part of its strategy to develop Africa’s financial sector. It contributes to developing domestic bond markets through: the African Financial Markets Database (AFMD); and the African Domestic Bond Fund (ADBF).

African Financial Markets Initiative data portal

African Financial Markets Initiative data portal

Africa’s securities exchanges summit next week

Africa’s securities exchanges gather for their flagship conference in Johannesburg from 15-17 November. The 19th African Securities Exchanges Association annual summit is hosted by Johannesburg Stock Exchange. The association ASEA draws together 25 securities exchanges and ASEA President Oscar Onyema, CEO of the Nigerian Stock Exchange, says the theme – “Africa Evermore: Growth for sustainability” — emphasizes that Africa’s capital markets are stable, have huge potential and are growing.

Oscar Onyema, CEO of Nigerian Stock Exchange

Oscar Onyema, CEO of Nigerian Stock Exchange

The association has as objectives to develop its member exchanges and enhance their global competitiveness. Those at the conference are the major players in capital markets, including listed companies, trading participants, regulators, government representatives, technology providers, legal advisors, and institutional investors from Africa, Europe, and Asia. It’s an ideal opportunity to network and exchange information with industry leaders from across the continent.

Capital markets should be the key channel for the massive investment to fuel Africa’s economic growth of the coming 20-30 years, including finance for business, for infrastructure and for a social and development gains.

Onyema says ASEA’s mandate is not just to promote Africa as a sound investment destination which offers better returns than more developed markets but also to highlight that Africa has strong regulatory structures and that the capital markets and policy-makers are committed to transparency and governance as fundamental to a healthy business environment.

Zeona Jacobs, Director of Marketing and Corporate Affairs at the JSE and ASEA Executive Committee Member, says: “ASEA has been successful in attracting capital inflows to key markets in Africa by positioning them as key engines of economic growth and opportunities for business development. The conference highlights the important role its members have in advancing the exchange market and raising Africa’s global competitiveness in this sector.”

Themes and speakers

The conference agenda covers key topics for Africa’s exchanges including
• How the economic health of African countries affect the capital markets, with perspectives from issuers and investors as well as the exchanges
• Role of exchanges as corporate citizens
• Sustainable stock exchange
• Sovereign wealth fund and how they see African exchanges
• Is increasing liquidity and transparency a pipe dream?
• Friend or foe – prop trading firms in Africa
• How do African markets become more influential in shaping the global regulatory environment?
• Challenges and opportunities of commodity derivative exchanges
• Do we need a pan-African clearing house?

Speakers include the leaders and top executives of many top African exchanges as well as global exchanges such as Nasdaq, key banks, international and African stockbrokers, private equity and asset managers, IT providers to Africa’s exchanges, data and information vendors, government officials and leading regulators

Your writer on panel

Your writer is honoured to be sharing a panel talking about the key post-trade sector and also securities exchanges integration: “Does Africa need a need a pan-African clearing house serving all its exchanges across asset-classes?”, moderated by Leila Fourie, Director: Post Trade and Information Services, JSE, with speakers Terry Gibson (External Post Trade Consultant, MillenniumIT) and Selloua Chakri (Head of Market Structure Strategy, MEA, Bloomberg L.P.).

Top private equity conference bring industry leaders together

[Sponsored] The leading African private equity conference returns this December, bringing together more than 500 equity professionals, 150 of the most powerful private-equity practitioners and 130 top industry speakers under African sunshine. SuperReturn Africa is billed as “the largest meeting place for the African and global private equity limited and global partner communities”.

The fifth edition of this giant annual conference will be at The Westin, Cape Town, from 3-4 Dec, preceded by fundraising and West Africa summits on 2 Dec. AfricanCapitalMarketsNews is privileged to offer our readers a 10% discount on tickets, see the VIP Code and link below.

Top ten SuperReturn Africa 2014 conference themes:
1. How large funds source deals and find competitive prices
2. Which routes are most attractive to gain exposure to Africa
3. How the most successful general partners (GPs) prepare portfolio companies for exits
4. What drives limited partner (LP) decisions
5. How savvy managers are tapping into booming African retail markets
6. What do trade buyers look for in firms that are backed by private equity
7. The role of private equity in funding Africa’s infrastructure deficit
8. How is African private equity performing in comparison to other emerging markets
9. How deep are African commercial and residential real-estate markets
10. How far is Africa from forming its own silicon valley?

Sector specializations giving a change to hear from expert GPs with expertise in retail and African consumers, agribusiness and food, healthcare and education, investing in small and medium enterprises (SMEs), environmental, social and corporate governance (ESG) as a commercial tool, the role of mezzanine finance and “how to” guide to successful exits. Many top international, South African and African private equity funds are sharing tips and experiences.

A conference highlight is guest keynote speakers:
• Behavioural neuroscientist Dr John Coates, a research fellow in neuroscience and finance and a former derivatives trader, sharing his research on “the biology of exuberance and pessimism – the challenge for risk management”
• Leading economist Goolam Ballim, Chief Economist and Head: Standard Bank Research, sharing his expert views on macroeconomic trends across Africa and how the continent achieved sustained, rapid growth rates for 15 years
• Ground-breaking academic Ludovic Phalippou, Associate Professor at Saïd Business School, Oxford, presenting his research on whether the rise of secondary buyouts is good news for investors
• South African financier Colin Coleman, managing director and head, investment banking division, sub-Saharan Africa, at Goldman Sachs, on how South Africa is positioning itself in the global and pan-African economies.

Another SuperReturn Africa 2014 highlight is “too hot to touch” closed-door sessions, carried out under Chatham House rules (no attribution) to aid free and frank discussions. The 3 sessions cover fund-raising horror stories and tricks of the trade; doing business in West Africa; and building an ideal skill set for a private equity team.

The fund-raising summit on 2 Dec includes themes such as: Who is investing in African private equity funds, how many funds are there and how much do they hope to raise in 2015, which LPs are committing to first close and what incentives work, how managers can improve their chances to raise a first-time fund and why it is so hard raise fund II.

The West Africa private-equity summit highlights savvy investor skills for deploying capital and exiting in Nigeria, is francophone Africa missing out, Ghana uncertainties, regulations around domestic African funds investing in private equity and harnessing opportunities on Nigeria’s power privatization.

The conference is an essential part of doing business in African private equity. Pension funds, endowments, foundations, sovereign wealth funds, development finance organizations, family office and members of the International Limited Partners Association (ILPA) get free LP pass, subject to validation. There is a 40% discount for African companies from selected African countries.

Everyone else can claim a 10% discount, courtesy of AfricanCapitalMarketsNews when you quote VIP code: FKR2356ACMBL. For more details or to register, please visit: www.superreturnafrica.com/FKR2356ACMBL, email: info@icbi.co.uk or call: +44 (0) 20 7017 7200.

Africa’s leading bond and debt summit

ADCM 2013

ADCM 2013

ADCM 2013

ADCM 2013

Top speakers including Government leaders, policy-makers, bankers, investors and experts will be debating the future of Africa’s debt capital markets on Monday 30 June at the London Stock Exchange. The African Debt Capital Markets ADCM 2014 conference is organized by African Banker magazine. I am honoured to be moderating some sessions.

Among the conference highlights are debates on whether African governments have been using bond proceeds wisely, the future for African bond issuances, local currency markets and the challenges of deepening the debt capital markets. There will be calls for policy-makers to make changes to support securitization and other steps to boost finance for development, jobs and growth, following successes in Asia and the world.

Speakers include the Hon Kweku Ricketts-Hagan, Ghana’s deputy Minister of Finance, and Dr Abraham Nwankwo, Director-General of the Nigeria Debt Management Office and Jaloul Ayed, a former Minister of Finance from Tunisia. There will also be Mary Eduk from the Securities and Exchange Commission in Nigeria, Uche Orji of the Nigeria Sovereign Investment Authority, and Stephen Opata from Bank of Ghana.

Stock exchange leaders include Sunil Benimadhu, dynamic head of the African Securities Exchanges Association and CEO of the Stock Exchange of Mauritius, Moremi Marwa CEO of the Dar es Salaam Stock Exchange and Innocent Dankaine from the Uganda Securities Exchange.

Banks, fund managers and stockbrokers include HSBC, Renaissance Capital, Investec, Ecobank and Exotix and there will be many leading legal and other experts including rating agencies Moody’s and Fitch.

There will be a special focus on the Nigerian Debt Capital Markets. Other panels will cover infrastructure, public-private partnerships, sovereign Eurobonds and local currency markets, shadow banking, Islamic finance, new institutional investor trends, and Africa’s standing among global markets.

For more information, look at the website here.

Top legal conference focuses on Africa infrastructure and natural resources deals

[Sponsored] Benefit from a high-level focus on innovative project financing, private equity financing and M&A structuring for resource investment at the IFLR Africa Forum. It will focus on the laws, regulations and transactions surrounding Africa’s natural resources and provide strategies for managing governmental nationalism, raising finance for projects, infrastructure opportunities and M&A/PE transactions. It will also cover legal issues from discovery of the resources and extraction to transport and corporate acquisitions.

The International Financial Law Review conference is on 20 May at The Waldorf in central London. The 2012 and 2013 events each attracted over 250 participants and very positive feedback. Meet senior in-house counsel, heads of emerging markets and senior partners to maintain a strategic focus on African deals and new financial regulations. Attendees will include top banks, regulators and corporates from UK, Europe and Africa.

Benefits of attending:
• Learn how to structure international debt for African borrowers and make African project finance bankable
• Stabilize agreements with governments for the length of a concession and protect from renegotiation and new laws
• Compliance with international anti-corruption regimes
• Practical tips for mitigating risks in African infrastructure (includes rail, road and airports)
• Focus on oil and gas, including contracts, balancing government interests and profits, and update on the Nigerian Petroleum Industry Bill
• Debate private equity and M&A opportunities in Africa
• Hear about local capital markets providing domestic options
• Learn the importance of negotiating well on free carry, royalties and taxes
• 6 CPD/CLE points.

Confirmed speakers include Tim Odell (Citigroup), David Turley (Bank of New York Mellon), Ian Cogswell (Natixis), Daniel Whitehead (Citigroup), Amol Prabhu (Barclays), Brian Marcus (Standard Chartered Bank), Barthelemy Faye (Cleary Gottlieb Steen & Hamilton), Calvin Walker (Baker & McKenzie), Gavin Davies (Herbert Smith Freehills), Mouhamed Kebe (Geni & Khebe), Faizal Jusob (Couto, Graca & Associados), and David Ofosu-Dorte (AB & David).

International Financial Legal Review is the market-leading financial law publication for lawyers specializing in international finance and was first published in 1982.

In-house counsel, bank counsel, fund managers and academics attend for FREE. Private practice, consultants and service providers who are readers of AfricanCapitalMarketsNews save £200 for a special rate of £795 + VAT – QUOTE ACM20. To register your interest, contact Alicia Sprott on alicia.sprott@legalmediagroup.com or call +44 20 7779 8334.

Updated conferences page

More details of some of the leading conferences for African capital markets, private equity and impact investors are now updated on our conferences and events page, check it out. Highlights include private equity conferences and masterclasses by the South African Private Equity and Venture Capital Association (SAVCA), the Private Equity and Venture Capital Association (SAVCA) and the 850-delegate leading private equity conference by the IFC. Last year 7,800 investors turned up for the Cape Town mining indaba in Cape Town early next month and billions of deals were done. Check out conferences on Kenya, Equatorial Guinea and Botswana mining and resources, among others.