(EMAILWIRE.COM, January 29, 2010 ) Washington, DC - Africa’s financial systems have continually shown resilience and adaptability, even in the face of the global economic downturn. The Economist Intelligence Unit predicts that 15 of the 20 fastest growing economies in 2010 will be from the African continent.
This year’s U.S.- Africa Infrastructure Conference focuses on the role played by instruments of finance as an important “middle” for companies seeking to take advantage of opportunities in infrastructure in Africa. Eight African countries are headed for emerging market status: Botswana, Ghana, Kenya, Ghana, Kenya, Mozambique, Nigeria, Tanzania, Uganda, and Zambia. These countries, which account for almost 50% of the region’s GDP outside of South Africa, have strong financial markets that are attracting institutional financial investors.
How do companies gain access to financing to compete and succeed in African infrastructure projects? The 4th U.S.-Africa Infrastructure Conference examines this question and many others and provides answers to the issue of financing for infrastructure. Participants will have the opportunity to meet in a one-on-one setting with representatives of key institutions involved in financing projects in Africa in the“deal room.”
The Facts:
Private equity is flourishing in Africa, as funds raised topped $4.7 billion in 2006-2007, versus a total of $3.5 billion in 2001-2005.
Foreign-currency-denominated bonds in African countries rose in value from $1.5 billion in 2005 to $6.5 billion in 2007.
Access to export credit & political risk insurance: New solutions, insurers’ approaches to underwriting and exporters’ key policy obligations.
Find out more at the 4th U.S. – Africa Infrastructure Conference. The event, themed Building Dynamic Growth in Africa, profiles the latest investment opportunities in some of Africa’s key infrastructure-related growth sectors, including information communication technology (ICT), climate change mitigation, alternative energy sources, power, water systems and human security. Learn about infrastructure development investment and financing opportunities in Africa; network with key African and U.S. private sector and government representatives; and meet potential business partners. For more information visit www.africacncl.org or e-mail vsequeira@africacncl.org
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