EFG Hermes, a leading financial services corporation in Frontier Emerging Markets (FEM), is set to Link 21 African companies with more than 520 investors as part of its 15th annual ‘One on One Conference’ this week in Dubai.
The event is being held under the patronage of His Highness Sheikh Maktoum bin Mohammed bin Rashid Al Maktoum, the Deputy Ruler of Dubai.
The 2019 conference will be held under the theme ‘Navigating the Path to Opportunities.’ This year’s event will see executives from 21 African companies, from a total of 186 companies, representing 26 countries, meet directly with more than 520 investors representing 260 institutions and family offices, managing a total of $11 trillion in assets under management.
“Year on year, we are witnessing an increased participation of African companies in our flagship conferences,” said Ali Khalpey, Chief Executive Officer of EFG Hermes Frontier.
“Nigeria in particular saw increased participation at a time when the market is experiencing important changes that will generate new opportunities,” he added.
Since its inception, the One on One Conference has served as a crucial venue for connecting global investors with opportunities in the Middle East and North Africa.
“Investors are seeking opportunities that are expected to arise in key African markets, Nigeria is facing several key changes in terms of macro and equity performance, but visibility remains strong on 2019 earnings growth and yields continue to be attractive,” said Khalpey.
He stated that at the same time, opportunities are arising in countries such as Ethiopia and Rwanda, which are expected to be among the top 10 markets for growth in 2019 thanks to innovative power generation and infrastructure projects.
Khalpey noted that Kenya is making the reforms necessary to boost growth while Ethiopia has appointed a commission to explore opening up a stock exchange and all the needed regulatory frameworks and structures.
Commenting on the conference and the role it plays in the Firm’s newly entered Nigerian and Kenyan markets, Kato Mukuru EFG Hermes’ Head of Frontier Research said that since entering Sub-Saharan markets, his organisation has been keen to play its traditional role of bridging the gap between global capital and local opportunities.
“Even in the face of macroeconomic challenges such as significant capital outflows from emerging markets and rising US interest rates, frontier emerging markets represent the greatest potential for driving growth and generating accretive returns,” Mukuru explained.
“With thousands of direct meetings taking place between investors and presenting companies, we hope to provide attendees with insights on how to navigate these rougher global waters to unlock new value,” he said.