Africa Diaspora Investment Forum
19-20 November 2004, London, United Kingdom
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Commission for Africa

Pre G8 Summit Discussion Forum on Commission for Africa's Report
9 June 2005, 12:00 Prompt
Noga Hilton
Geneva Switzerland

Sponsors
Others in attendance include
Standard Chartered Bank
Zambia Business Forum
Real Estate and Property advisors from Ghana, Nigeria and South Africa
and many others....
 
Africa Stock Exchange Association (ASEA)

Africa Stock Exchange Association (ASEA) consists of 16 members drawn from African Stock Exchanges. The ASEA was incorporated in 1993 in the Republic of Kenya. ASEA's aim is to provide a formal framework for the mutual co-operation of stock exchanges in the African region. Its functions include the exchange of information and assistance in the development of member exchanges, dealing in a broad range of securities, including strong and fast growing markets in South Africa, Ghana and Nigeria. The fast growing private equity and Venture Capital markets deal mostly in small and medium scale companies. The African Capital markets are being rated as having the highest returns in the world, in dollar terms. Ghana recorded 144% growth for 2003, while Nigeria recorded 98% growth for the same period under review.

 

The Nigerian Stock Exchange

The Nigerian Stock Exchange was established in 1960 as the Lagos Stock Exchange and changed its name to the The Nigerian Stock Exchange in December 1977. At present it has 8 branches (Lagos, Kaduna, Port Harcourt, Kano, Onitsha, Ibadan and Yola), with trading floors which double as office areas, where investors are enlightened about the merits of saving and investing in the Nigerian Capital Market.

Today the Nigerian Stock Market boasts of 265 Securities with a Total Market Capitalisation of over One Trillion, Nine Hundred Billion Naira, as at 7th June 2004.

The monumental growth of the Nigerian Stock Exchange can be attributed to the strong partnerships that have been forged between local Nigerian investors and their counterparts overseas.

The Nigerian Stock Exchange was deregulated in 1993 and in 1995 the Federal Government of Nigeria relaxed the restrictions preventing foreign participation in the stock market. As a result, the Nigerian Stock Exchange has received widespread interest from foreign investors, where the size of their investments has grown to an unprecedented 47% of the entire market capitalization of the Nigerian Stock Market.

The Nigerian Stock Exchange satisfies all of the 30 stipulations set out by the World Federation of Exchanges for a mature market. These include an automated trading system that executes orders in real-time, an automated clearing and settlement system with a T+3 settlement cycle and a world-class compliance regime. The Nigerian Stock Market can be said to be very investor friendly with truly transparent price discovery mechanisms in place.

First Securities Discount House Limited (FSDH)

First Securities Discount House Limited (FSDH) , Nigeria’s pioneer Discount House is a leading specialized Financial Services provider engaged in both funding and investment services. FSDH is licensed by the Central Bank of Nigeria (CBN) to provide Portfolio Management and Financial Advisory services. FSDH is also registered with the Securities & Exchange Commission as Portfolio Manager and Investment Adviser.

The company was established in June 1992 and commenced operations in March 1993. The company represents one of the most successful alliances between two multinational financial institutions: the International Finance Corporation (the private sector lending arm of the World Bank), Intermarket Discount House (a leading discount house in Zimbabwe) and several local institutional investors.
Kenya Post Office Savings Bank

Post Bank Kenya

Postbank was incorporated in 1978 under the KPOSB Act CAP 493 B of the laws
of Kenya

  • To encourage thrift and inculcate savings habits among Kenyans;Provide
    affordable savings facilities and instruments; Pool personal savings for
    national development. VISION AND MISSION OF THE BANK
  • To be the leading savings and Micro-finance bank in Kenya.
  • To sustainably provide savings and other financial services to their customers, through a countrywide branch network, by use of modern technology
    in delivery of efficient and effective customer service, and to the
    satisfaction of all stakeholders.

Further Information

Investment Banking & Trust Company Limited

Investment Banking & Trust Company Limited (“IBTC”) is a full service investment and wholesale bank which has established itself as Nigeria’s pre-eminent investment banking institution, specialising in such areas as financial advisory services (including advising on public issues, mergers, acquisitions and divestitures), privatisation advisory services, corporate finance in general, project finance, trade finance and the closely related area of foreign exchange trading. IBTC commenced business on 01 March 1989.

IBTC is the clear leader in the field of Privatisation Advisory Services, Mergers, Acquisitions and Divestitures and corporate restructuring in Nigeria. IBTC has acquired considerable experience in handling large and complex corporate finance transactions in a timely and efficient manner. IBTC’s expertise is now recognised both locally and internationally. Over the years, various clients, including major multinational companies quoted on The Nigerian Stock Exchange, have benefited from IBTC’s market knowledge and expertise. IBTC has completed several billion naira worth of financial advisory and corporate finance transactions making us the Leading Financial Adviser in Nigeria. Over the course of the last 12 months, IBTC has also packaged all the major Initial Public Offerings in Nigeria.

IBTC Asset Management Limited, IBTC’s wholly owned asset management and stockbroking subsidiary, is the manager of The IBTC Nigerian Equity Fund, which is the largest mutual fund in Nigeria. The Fund is open-ended and so it continues to receive subscriptions from all over the world. The Fund invests predominantly in quoted Nigerian stocks

Standard Chartered Bank

International Banking from Standard Chartered provides a complete and versatile offshore banking solution. It brings you access to the best of Standard Chartered, one of the leading banks in Asia, Africa and the Middle East, and maximises one of the Bank’s key strengths – our global network.

With International Banking you can take advantage of a range of tailored and banking investment services. However simple or complex your needs may be, our International Banking Centres located in Dubai, Hong Kong, Jersey and Singapore offer you a diversity of geographies and financial opportunities, that will help safeguard your wealth for both now and the future. And we bring our best products and services closer to you through a dedicated and experienced Relationship Manger – someone who will support your every financial need.

 

Western Union Money Transfer

With Western Union consumers and business can quickly, reliably and conveniently transfer funds, send bill payments, or pre-pay for phone, internet or credit cards services using the company's proprietary transfer network. Western Union is First Data's flagship business along with its subsidiary, Orlandi Valuta, has grown to more than 195,000 agent locations in more than 195 countries and territories, making it possible for consumers and businesses to meet their financial service needs through the company's vast service offerings, including: money transfer, bill payment and prepaid services. Complete Fact Sheet

 

Counters Trust Securities Limited (CTSL)

Counters Trust Securities Limited (CTSL) is a Dealing Member of The Nigerian Stock Exchange and is registered with the Securities & Exchange Commission as a Broker / Dealer and Issuing House. CTSL was incorporated in July 1995 and has established itself as one of the major players in the Nigerian Stock market. With an authorised and paid-up share capital of N90.22 million, CTSL is one of the highest capitalized securities firms in Nigeria. CTSL is a wholly owned subsidiary of FSDH Asset Management Limited (FAML), a leading Asset Management company operating in Nigeria. FAML is a wholly owned subsidiary of First Securities Discount House Limited, the largest and most profitable discount house in Nigeria. Together the three companies make up the FSDH Group.

African Business

African Business is the premier pan-African business monthly, with over 150,000 readers on the continent and around the world. Part of the IC Publications group, African Business focuses on the issues that matter most to people doing business in Africa: from cutting edge stories and reporting, to country and sector reports, to who’s who in business, African Business is invaluable for your business. For more information visit www.africasia.com

OBETV

OBETV is a free-to-view 24-hour satellite TV station on the Sky digital channel 223. This footprint enables the network to reach the primary targeted audiences: the African and Caribbean community in the UK, Europe, US and beyond. The non-core audiences are also catered for through targeted programmes.

Launched on November 5, 2003, OBETV has in this time span created a sort of cult following through the originality of its content concept and delivery.

The broad vision of OBETV is to provide a platform for the critical, crucial and significant discourse of issues and questions facing Africa and Africans in the Diaspora by encouraging the effective and meaningful participation and contribution of the Black and Ethnic Minority groups in governance.

For further information, go to: www.obetv.co.uk. Or alternatively, contact OBETV HQ on: 020 8961 9081/9091.

 

Privatisation and Utility Sector Reform Project (PUSRP)
Privatisation and Utility Sector Reform Project (PUSRP) was established in 2001 as a follow up project from Enterprise Development Project II (EDP) which ended in 2000. The project is a government of Uganda reform and divestiture initiatives, which is part of a wider economic reform and recovery program initiated in the late 1980s. The project development objective is to improve the quality, coverage and economic efficiency of commercial and utility services, through privatisation, private participation in infrastructure (PPI), and an improved regulatory framework.
Investment Promotion Centre (IPC)

The Investment Promotion Centre (IPC) was established by the Government of Kenya through the Investment Promotion Centre Act, Cap 485 of 1986 with the mandate of promoting private investments in Kenya by both local and foreign investors. The Act was further amended in 1992 to empower IPC to issue Certificate of General Authority immediately to investments that have no security, health or environmental implication.

The Investment Promotion Centre is managed by a Board of Directors drawn from the public and private sectors. Its day-to-day management is headed by a Managing Director. The organization has four departments namely:

  • Research and Policy
  • Investment Promotion
  • Investor Services
  • Corporate Services

 

Reserve Bank of Zimbabwe

The pursuit of the Bank's vision will express itself through leadership in the formulation, implementation and monitoring of policies and action plans for fighting inflation, stabilisation of the internal and external value of Zimbabwe's currency and of the financial system in a manner that gives pride of achievement to Zimbabweans across the board. http://www.rbz.co.zw

 

 

 

 

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