2018 saw landmark developments in African capital markets, such as the Vivo Energy Plc IPO on the JSE, the largest Africa-focused IPO since 2005, while the EGX saw Africa’s largest FO in 2018, of Orange Egypt for Telecommunications SAE. Yet, the strength of African capital markets is massively varied across the continent and has fluctuated massively across the past 4 years, development and growth of these capital markets is key to growth more generally.
The World Bank estimates that there is a gap in investment of around $4trn annually needed for developing countries to achieve the Sustainable Development Goals by 2030, FSD Africa estimates the funding gap for SMEs, infrastructure, housing, and agriculture at more than $300bn per year. How can the private sector plug this capital gap in Africa? What is the significance of capital markets for driving growth and development for the continent?
Invest Africa invites you to join us for an intimate discussion on the current state of African debt capital markets (DCM) and equity capital markets (ECM) and what the future holds for Africa.
Thank you to Bank of America Merrill Lynch (BAML) for hosting this event.
Bank Of America Merrill Lynch, 2 King Edward St, Farringdon, London EC1A 1HQ, United Kingdom,
Invest Africa is a leading pan-African business platform that promotes trade and investment in Africa by leveraging its extensive network and its influence, helping members to identify synergies that add value both individually and internationally.
In 2018, Invest Africa merged with the Business Council for Africa, an organisation that has promoted business and encouraged economic development in Africa since 1956.
Today, Invest Africa has a global footprint of more than 400 member companies, comprising multinationals, private equity firms, institutional investors, development finance institutions, professional service organisations, government bodies and entrepreneurs.