Renaissance Capital holds 2nd annual Egypt Investor Conference in Cape Town

CAIRO – 24 April 2017: Renaissance Capital’s second annual Egypt Investor Conference kicked off Monday in Cape Town, South Africa, on April 24-25, the leading investment bank stated on Sunday.

The conference comes in light of increasing South African funds to Egypt, following last year’s well-received IMF agreement with Egypt. It is recognized as the premier investor events on the world's high-opportunity emerging markets.

Recent years have seen South African funds increasingly look to Egypt and, following last year’s well-received IMF agreement with Egypt, this exclusive access event will seek to facilitate even further intra-African investment.

“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,” MENA Chief Executive Officer of Renaissance Capital, Ahmed Badr, stated.

The first annual Egypt Investor Conference, also held in Cape Town, showed huge success and various fruitful results.

Main aims of the conference are to assess major ongoing and emerging trends, explore growth opportunities different markets and identify new approaches for investors.

Moreover, the conference offers unrivalled opportunity for global investors and corporations to communicate with business, political and decision making key players. It allows investors to exchange ideas, develop initiatives and make contacts.

“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,” Badr said.

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

The firm also predicts the country’s growth to be three percent this fiscal year and to double to six percent in the next three fiscal years starting in 2017/18, which is above IMF expectations and providing ample opportunities for investors.