INVESTORS representing more than $265bn of capital under management will convene at the Savoy Hotel in London, UK on 21st and 22nd October for The Global African Investment Summit (TGAIS) to review bankable projects across four sectors – agribusiness, natural resources, power and infrastructure.
The summit, chaired by former President of Nigeria Olusegun Obasanjo, is seeking to direct funds from some of the world’s largest institutional investors into projects across five nations – Ghana, Rwanda, Tanzania, Uganda and Togo.
TGAIS is designed as a platform for African governments to bring bankable projects to the international market to a range of investors including institutional investors, family offices, pension and private equity companies. It is the first time that such a forum has been staged in London.
At the summit President Kagame of Rwanda will present plans for the development of a new modern international airport at Bugesera and a railway project estimated to cost $5bn. In the Rwandese power sector, methane gas and geothermal projects will be presented with a generation capacity of 740MW.
His Excellency Amama Mbabazi, Ugandan Prime Minister, highlighted the significance of finding the right investors for his country; “we have a number of important projects that will help the Ugandan economy grow substantially. Finding the best investors for these projects is crucial to knowing that they will be undertaken in a way that creates shared value and promotes long-term sustainability.”
Paul Sinclair, TGAIS event Director added; “The Global African Investment Summit will see government delegations from Africa present bankable investment opportunities to an audience of institutional investors, fund managers, PE firms and large corporations. By focussing on these projects we believe that we will trigger deal making and spur investment partnerships, enabling job creation, technology transfer and economic growth.”
TGAIS enjoys strong support from the United Kingdom government. African government delegates will attend a private luncheon at Buckingham Palace on the opening day, and Britain’s Minister for Africa James Duddridge will host a gala reception at the Foreign and Commonwealth Office for all participants at the conclusion of the Summit.
The inaugural Global African Investment Summit, runs in partnership with four African state houses, is the only platform that brings together the public and private sectors to discuss specific transactions, access to finance and bankable projects in Sub Saharan Africa requiring investment and technology transfer.
African Presidents will travel to the event with Finance ministers, sector specific ministers and CEOs from state owned enterprises to address and hear from the global financial markets, project implementers, consultants and law firms about co-financing and executing their most pressing projects in agribusiness, natural resources, power, and transport infrastructure.
