2018 West African Investor Trip
The final Investor Trip for 2018 took the African Investments team to West Africa visiting Nigeria, Ghana and Côte d’Ivoire in November.
Nigeria is Africa’s most populous country with a reputation for producing some of the continent’s best entrepreneurs. This year’s investor meeting in Lagos comprised a day of large-cap investment presentations and panel discussions followed by a day dedicated to entrepreneurs co-hosted by venture capital fund, LoftyInc Capital. Infrastructure, Energy and Oil & Gas projects dominated the large cap investment proposals and a VIP panel discussed challenges facing the Oil and Gas industry which focused on the lack investment in major infrastructure to support a vibrant domestic market and the ongoing delays and bureaucracy for project approvals. On the entrepreneur front, some excellent pitches incorporating a positive social impact were delivered by LoftyInc’s supported venture groups across agribusiness, technology, media, energy and telecommunications. A roof-top cocktail event sponsored by Orbitt, gave delegates an opportunity to network with local business leaders.
Ghana remains a top-ranking African destination for investment based on GDP growth, rule of law, educated labour force, infrastructure and government stability. The government’s priority investment sectors for investment are energy (production and distribution), infrastructure, agro-processing, tourism and manufacturing and those sectors attracting special new investment incentives include farming, waste processing and VC financing. Investment opportunities were predominantly focused on agribusiness including some innovative technology applications, and renewable energy. An entrepreneur presentation day was co-hosted by the Climate Innovation Center Ghana, a business incubator supporting entrepreneurs contributing to Ghana’s Green Economy. One-page summaries on the entrepreneur projects presented are available for distribution.
Côte d’Ivoire investment is booming in line with strong GDP growth (7.6% to June 2018) and a government that is addressing political risk and improving the regulatory environment. Excellent investment opportunities were presented by country partner Hudson, in the aviation, finance, education and pharmaceutical industries and investors from Côte d’Ivoire, China and France provided insights on successful investments in the region. The African Development Bank which is headquartered in Côte d’Ivoire, outlined various financing instruments and guarantees to help manage political and commercial risk. Other presenters offered investment opportunities across renewables, real estate, waste water management and agribusiness. The BRVM (West African stock exchange) hosted delegates at their offices to discuss the bourse’s growth plans across the region.
Please contact Robyn Scott at email@example.com for further information on the specific investment opportunities.