Afrigather The US, by means of the US Company for Worldwide Growth (USAID) Mission in Nigeria and its Prosper Africa and Energy Africa initiatives is internet hosting an investor roadshow to show US buyers to funding alternatives and the funding ecosystem in Nigeria from October 9-13.
Twelve executives from main US pension funds and monetary service suppliers, managing over $1 trillion in belongings, are assembly with Nigerian firms and fund managers throughout the investor journey.
The roadshow is elevating consciousness round funding alternatives within the nation, significantly in infrastructure, and to construct relationships amongst US and African buyers and fund managers.
Nigeria is the most important financial system in Africa, with a gross home product (GDP) of $477 billion as of 2022, and a various vary of industries, together with oil and fuel, agriculture, and telecommunications. In response to Goldman Sachs, Nigeria has the potential to be one of many prime 5 world economies by 2075.
The roadshow comes at an opportune time, given the numerous reforms instituted by the Nigerian authorities below a brand new Administration. A key goal of the journey is to interrupt down info gaps on the nation’s enterprise atmosphere and actual and perceived dangers, in order that buyers can precisely assess enterprise and challenge alternatives.
Will Stevens, US Consul Basic to Lagos mentioned past advancing particular funding alternatives the journey is about constructing enduring commerce and funding relationships between America and our Nigerian companions.
“I wish to thank the US Company for Worldwide Growth for supporting this inaugural delegation of US buyers, in partnership with Chapel Hill Denham and Worldwide Investor Community,” he mentioned.
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All through the week, the buyers are scheduled to take part in web site visits, occasions, and investor pitch classes in Abuja and Lagos, Africa’s business capital and the sub-Saharan Africa area’s fourth largest financial system.
They can even have interaction with the US Authorities representatives to grasp US commerce and funding priorities within the area and study extra about US Authorities sources obtainable to assist buyers.
This roadshow advances USAID’s efforts to mobilize higher non-public sector funding into infrastructure initiatives in precedence sectors together with agriculture; water, sanitation, and hygiene; and renewable power.
As well as, it advances Prosper Africa’s mandate as a presidential initiative to remodel the financial relationship between Africa and the USA and drive giant scale funding to the continent.
