Over the past decade, real GDP growth for Africa rose at more than double its pace compared to the 90's. FDI from international investors has played a major role in this development and investments in Africa have become an important part of any diversified Emerging Market portfolio.
Traditionally, most FDI has been destined to the resource sector, particularly to the extraction of natural resources. Looking at leading investors and key industry players we have witnessed a diversification into other major and more sustainable sectors such as Financial Services, Agriculture, Telecommunications, Real Estate and Manufacturing.
The real case for Africa is no longer whether there is an opportunity for investment or if investments will be made, rather the challenge for Africa will be Sustainability. Furthermore, if current global and intra-African FDI trends continue, Africa is on the verge of sharp economical growth during decades to come.
“A global paradigm change is needed moving forward. Investments must be made with a long-term perspective to promote Sustainability in the region and investors must realise that Africa is not one country. Africa consists of 54 sovereign states; each with different levels of development, export ratios and economic drivers.” - Managing Director, Singularis Advisors.
The Investment Summit will highlight how institutional investors globally can benefit from allocating investment mandates in Africa and form partnerships with the right investment managers with local knowledge and expertise, which is of the upmost relevance for the success of their investments. Challenges relating to the regulatory framework and tax concerns will also be an imperative part of the agenda.
“We, and our partners in this project, believe that by taking the Investors to where their money will be finally invested, it will overcome their fear generated by the often misleading information in media or less accurate sources.”
The Investment Summit for Africa will be held in the “Capital of Africa” - Addis Ababa. Investors will come from all over the world and will have the opportunity to discuss future investments with expert Asset Managers, in-situ, over the three days.
The African Sustainable Investment and Development Summit will take place 17-19 October 2012 in Addis Ababa, Ethiopia.