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Egypt investor conference hosted in Cape Town

Apr 19 2017 15:19

Cape Town – Renaissance Capital, an emerging and frontier markets investment bank, will hold its second annual Egypt Investor Conference in Cape Town on 24 and 25 April 2017.

The event follows on from the successful inaugural conference in Cape Town in April last year.

According to the organisers, the event offers a unique access for South African investors to senior management of Egypt's leading companies from the consumer, manufacturing, banking, real estate, energy, cement and transportation sectors.

Renaissance Capital recently launched electronic access to the JSE. The firm has also been repeatedly named as one of the top two traders on the Nairobi Stock Exchange.  

"Over the past year we have continued in our efforts to develop a Pan-African platform, strengthening ties and economic ventures between a number of different nations across the continent," said Ahmed Badr, CEO of Renaissance Capital for the Middle East and North Africa region.

“The relationship between Egyptian companies and investors from South Africa has continued to grow in recent years, clearly evidenced by the fact that Egypt remains the most popular African investment destination for South African investors."

Renaissance Capital was the second largest foreign broker in Egypt in terms of turnover in 2016. It expects Egypt’s recovery from recent events to come sooner than expected.

The firm also predicts Egypt’s growth to be 3% this fiscal year and to double to 6% in the next three fiscal years starting in 2017/2018, which is above IMF expectations and providing ample opportunities for investors in its view.

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egypt  |  africa economy  |  money  |  investments

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