Africa's rapid economic growth to showcase at 3rd Pan-Africa Investor Conference.

Accra, May 14, GNA- Mr Clifford Sacks, Chief Executive Officer, Africa, Renaissance Capital, says Africa will be the investment success story of the next decade since the continent as an emerging market was attracting unprecedented attention as capital shifts from developed to growth markets.

In line with this, Renaissance Capital is hosting their third annual Pan-Africa Investor Conference in Lagos, Nigeria from the 16th to 18th May, 2012 with a focus on Africa's rapid economic growth and investment opportunities.

Renaissance Capital, a leading emerging markets investment bank, will provide insight into Nigeria's and Sub-Saharan Africa's short-to-medium-term macro outlook, with participation by investment decision makers and Renaissance Capital's economists and analysts, as well as hundreds of investors and companies over the three days of discussions and one-on-one meetings.

“We are bringing together high-opportunity and emerging companies from Nigeria and other African markets with hundreds of investment groups from around the globe, looking at Africa's most exciting investment cases in the metals & mining, oil & gas, banking, agriculture and consumer sectors”, Mr Sachs said in a statement released in Accra on Monday.

Building on its previous successful conferences in the region, this year's invitation-only event, aside from hundreds of one-on-one meetings, will be complemented by site visits rounding out the three days of insight, access and information.

Mr Charles Robertson, Global Chief Economist, Renaissance Capital, said, “Africa remains a beacon of growth and reform, with great opportunities given low debt ratios for the private sector, external and public debt – something that contrasts with the sluggish story in the West.

Per-capita GDP has doubled in the past decade and could double even quicker in the years ahead. While many do benefit from higher commodity prices, there are home-grown growth stories that capture investor interest. This is an ideal chance to hear leading reformers outline their agendas for the years ahead, and meet the companies and banks that stand to benefit most from this.”

Speakers at the conference include Ngozi Okonjo-Iweala, Nigerian Minister of Finance and Co-coordinator of the Economy, Bart Nnaji, Minister of Power, Nigeria; and Mallam Sanusi Lamido Sanusi, Governor of the Central Bank of Nigeria, among others.

Renaissance Capital is a leading investment bank focused on emerging markets (EM) and Africa with a presence in 20 countries including six in Africa. The Firm's global distribution of equity and debt securities and research is managed from hubs in London, New York, Moscow and Hong Kong. Renaissance Capital's on-the-ground presence in key African markets complement's the Firm's established EM platform, and its focus on intermediating cross-border investment flows.

GNA