Latest News from the West African Investor Trip
The African Investments Investor Trip to West Africa in November 2017 showcased a wide range of investment opportunities in Ghana, Nigeria and Côte d’Ivoire across the Infrastructure, Power and Renewable Energy, Mining, Oil & Gas and Agriculture sectors.
We were delighted to welcome Ecobank Capital as the Country Sponsor for the Ghana event and the bank’s management team provided excellent insights into the investment climate in Ghana and valuable commentary throughout the sessions. The Ghana Investment Promotion Centre (GIPC) discussed key government priorities for investment which include downstream agribusiness, manufacturing, energy, infrastructure and financial services and outlined investment incentives for foreign investors. Against this backdrop, companies gave presentations on investment opportunities including major industrial and housing projects at WestPark Industrial Park (Takoradi), Miotso-PramPram (Accra), renewable power projects (solar), hospitality projects, oil & gas projects, gold exploration ventures and an opportunity to develop downstream local vegetable markets. HMI Management Services hosted a site visit for investors to hotel sites in Anomabo which provided investors with an informative on-ground experience.
In Nigeria, we partnered with LoftyInc Capital Management, which successfully invests in and supports local, early-stage start-up companies with positive social impact. Presentations from Balogun Harold law firm and FirstBank Nigeria established key, in-country investment considerations. Presentations from investee companies showcased more than 40 investment opportunities focused on energy (solar mini-grids/clusters/CSP’s and hydro), infrastructure (housing, aviation, technology), agribusiness (cashews, beef, sileage, cassava, salt), technology and financial services.
Hudson & CIE, the leading independent integrated securities firm based in Abidjan, partnered with African Investments to present high-quality investment opportunities in Côte d’Ivoire. Projects were focused in agriculture (cashew exports, palm oil), infrastructure (marine transport management, logistics and transit projects), renewable energy (4MW anaerobic digestion plant, biofuel from cassava, solar solutions and smart-metering) and an oil & gas exploration project in Guinea-Bissau. AIM-listed Dekel Oil hosted a site visit to their impressive palm oil production facility and palm nursery and outlined plans for expansion of their facilities.
The meetings were attended by regional West African private equity and institutional investors, representatives from PE funds in UAE, Tunisia, Botswana and UK, local capital advisors and local financial institutions.
Thanks to our sponsors Ecobank Capital, LoftyInc Capital Management and Hudson & CIE.