the landmark london hotel - proshareng.com africa pensions & sovereign funds investment forum...

3RD AFRICA PENSIONS & SOvEREIgN FuNDS INvESTMENT FORuMINSTITUTIONAL STRATEGIES FOR ACCESSING AFRICA’S GROWTH MARKET

THE LANDMARK LONDON HOTEL | 22-24 SEPTEMBER 2014

FORUM PARTNERS

Teng LiliangChief Marketing Officer,China-Africa Development Fund

Yvonne BakkumDirector Private Equity,FMO - The Netherlands

Anouk van der Boor, Managing Director, Cambridge Associates

Razia KhanMD, Head, Africa MacroStandard Chartered Bank

Runa Alam, Co-Founder & CEO, Development Partners Int’l.

FORuM vENuE PENSIONS & SOvEREIgN FuNDS INvESTMENTS IN AFRICA

ThE LANDMARk LONDON

We are delighted to announce that one of the most popular 5

star hotels in London; The Landmark London hotel will be the

venue for the 3rd annual Africonomie London Forum 2014.

The Landmark London combines classic British elegance and

grandeur with the deluxe facilities required by today’s business

leaders, such as hotel conference rooms, fantastic restaurants

and bars, a luxurious Spa & Health Club with a 15 metre

swimming pool and a gymnasium.

For more information on accommodation, airport pick-ups to

the hotel and other business needs during the forum please

contact the us today at [email protected]

The Landmark London Hotel

222 Marylebone Road, London NW1 6JQ, United Kingdom

T : +44 20 7631 8000

F: +44 20 7631 8080

E: [email protected]

W: www.landmarklondon.co.uk

WWW.APSFIF.COMAFRICONOMIE INSTITUTIONAL INvESTMENT SERIES - 3RD LONDON FORUM

DAy ONE MONDAy, 22 SEPTEMBER 2014 PENSIONS & SOvEREIgN FuNDS INvESTMENTS IN AFRICA

WWW.APSFIF.COMAFRICONOMIE INSTITUTIONAL INvESTMENT SERIES - 3RD LONDON FORUM

WELCOME & REGISTRATION

THE OPEN CONvERSATION ON AFRICA

Arguably one of the most remembered and sought after session at the Africonomie Institutional Investment

Series, the open session on Africa gives participants unique opportunity to discuss and debate ANY topics or

issues relating to investing in Africa. The session features no lead speakers or panelists; just candid informal

conversation under the CHATHAM HOUSE RULE.

LED BY: Andrew Reicher, Chairman, Berkeley Energy Africa

NETWORKING: MEET, GREET AND GET ACqUAINTED

Meet and greet at Africonomie Forums are a must attend session. Bearing in mind the next 2-days will be

intensive and dynamic with very session executives coming in and jetting out, this casually structured day is

an opportunity to put names to the many faces you’ll meet over the next couple of days. The meet and greet

session is an intimate opportunity to engage participants either during the open forum in Africa or during the

drinks reception. Dressing is business casual, and come ready for discussions.

COCKTAIL RECEPTION

Wind down from the, dynamic, passionate and impromptu open conversation on Africa with the a selection of

the finest wine from one of London most renowned 5 star hotel.

CLOSE OF AFRICONOMIE INSTITUTIONAL INvESTMENT SERIES - 3RD LONDON FORUM — DAY ONE

18:00

18:30

20:00

BECOME A SPONSORING PARTNER

Africonomie Institutional Investment Series confers upon its sponsor absolute authority, quality status, and

aims to promote you as an esteemed industry player. We offer cost effective and dedicated marketing exposure

and brand recognition among key players in the marketplace. Our sponsoring partners have access to an

unrivalled branding before, during and after the event. Moreover speaking opportunities via panel discussions

and proprietary workshop sessions will further add value to your becoming a sponsoring partner.

• Target Your Key Audience

• Educate Your Market Place

• Highlight Your Brand

• Build Valuable Relationship

• Lead Innovative Thinking

REGISTRATION & COFFEE

FORUM OPENING REMARKS

Host: Nat Wilson Yaduma, Chairman Advisory Board, Africonomie Group

WELCOME & INTRODUCTORY REMARKS

Day Chair: James Brice, Managing Director, Environmental Business Strategies

08:00

08:45

DAy TWO TuESDAy, 23 SEPTEMBER 2014 PENSIONS & SOvEREIgN FuNDS INvESTMENTS IN AFRICA

AFRICONOMICS: DETAILED ECONOMIC OUTLOOK & CHARTS ON AFRICAN MARKET

SPEAKER: Razia Khan, Managing Director, Head - Africa Macro, Standard Chartered Bank

AFRICA AGAINST THE BACKDROP OF MACROECONOMIC TRENDS & GLOBAL GEOPOLITICAL CONTEXT

An in-depth analysis of the institutional investment trends against the backdrop of macroeconomic trends in

African markets. The session examines the interplay of global geopolitics; as well as how natural resources,

access to funding, diverse consumer class, and developing infrastructure is positioning Africa in global markets.

Session Leaders: David Cowan, Africa Economist, Citi Research

Razia Khan, Managing Director, Head - Africa Macro, Standard Chartered Bank

Ravi Bhatia, Director & Regional Expert, Standard & Poor’s Sovereign Ratings Group

Matt Robinson, Manager – Africa Sovereign Ratings Team, Moody’s Investors Service

Moderated by: Bridget Uku, Group Manager Treasury & Investments, Borough of Ealing Pension Fund

09:00

09:15

WWW.APSFIF.COM2014 AFRICONOMIE INSTITUTIONAL INvESTMENT SERIES - 3RD LONDON FORUM

PROvEN PRACTICAL STEPS FOR INSTITUTIONAL INvESTORS ENTERING AFRICAN MARKETS

Investing in Africa presents unique set of practical challenges for seasoned asset owners and asset managers.

For prospective funds and managers, investing in African markets can be quite daunting. With emphasis on case

studies, this session provides first-hand insight on optimum strategies for accessing African markets.

Session Leaders: Mark Richards, Partner - Financial Services, Actis (Pan African)

Garry Sharp, Head of Private Equity, AfrAsia Bank (Mauritius)

Martin Ofori, Managing Director, Crystal Capital (West Africa)

George Odo, Senior Partner & Managing Director, Africinvest (East Africa)

Moderated by: James Brice, Managing Director, Environmental Business Strategies

10:00

SETTINg ThE SCENE ON AFRICA

INSTITuIONAL FuNDS & ASSET MANAgEMENT

AFRICA 8

Africa 8 is the new Africa Rising. The truth is that some countries in Africa have already risen – but in fiscal

growth alone. Others, meanwhile, have developed both economically and sociologically. The Asset Management

department of Ecobank, Africa’s largest pan-African bank, has completed a groundbreaking study with the inten-

tion of directing international investment into Africa. The remarkable result of this analysis is the emergence

of Africa 8. Paul-Harry explains how Africa 8 is poised to take the position of media zeitgeist, and could drive a

continent’s future.

Speaker: Paul-Harry Aithnard, Global Head of Asset Management, Ecobank Group

10:45



THE PUSH FOR CENTRESTAGE — REDEFINING THE BUSINESS OF ASSET MANAGEMENT

Asset under management in Sub-saharan Africa is set to grow faster than in the developed world. A trend that

heralds new breeds of managers dedicated to innovating the business of asset management. This discussion

panel convenes a select panel of managers to discuss the evolution of asset management in Africa, with empha-

sis on trends in human capital, client management, investment ethos, portfolio strategies and performance.

Session Leaders: Alexander Trotter, Partner, NewMarket Asset Management

Ayo Salami, Chief Investment Officer, Duet Asset Management

Ana Čukić Armstrong, Chief Executive Officer, Armstrong Investment Managers

Paul-Harry Aithnard, Global Head of Asset Management, Ecobank Group (West Africa)

Moderated by: Waheed qaiser, Vice Chairman, Maxim Corporate Finance LLP

11:45

WALKING REFRESHMENT BREAK11:30

MAINSTREAMING PRIvATE EqUITY AS INvESTMENT STRATEGY FOR PENSION FUNDS

Africa pension funds remain underweight in private equity due to restrictive allocations caps that limit or hinder

investments into Africa PE funds. However this trend is changing, buoyed by increases in asset under manage-

ment and better understanding of PE strategies – appetite for PE is growing. This interactive session explores

innovative approaches to mainstreaming PE strategies in pensions portfolio.

Session Leaders: Yvonne Bakkum, Director, FMO Investment Management

vivina Berla, Senior Partner & Managing Director Europe, Sarona Fund

Sundeep Raichura, Group CEO, Alexander Forbes Financial Services - Kenya

Moderated by: Michelle Kathryn Essomé, CEO, African venture Capital Association (AvCA)

12:30

ALIGNING PENSION FUNDS INvESTMENT STRATEGIES WITH CHANGING REGIONAL DYNAMICS

One of East Africa’s most innovative asset owner highlights how its corporate and investment strategies is track-

ing the changing dynamics of the East African region.

Speaker: Hosea Kili, ECASSA Chair & Group MD, CPF Financial Services (Local Authority Pension Trust)

INSTITUTIONAL APPETITE FOR EMERGING & AFRICA’S GROWTH MARKETS

An exclusive insight into De Beers UK Pension Scheme’s appetite for emerging markets alternatives and its view of

investment opportunities in Africa’s growth markets.

Speaker: Shola Salako, Pensions Manager, De Beers UK Pension Fund

11:00

11:15

IMPACT INvESTMENTS IN AFRICA: AN EMERGING ASSET FOCUS STRATEGY

Impact investing is now regarded as mainstream asset class, however it still faces significant challenges despite

growth. We leverage on the expertise of Symbiotics, an emerging market pioneer in sustainable and inclusive

finance to examine impact investing in Africa. With focus on private equity vehicles for impact investing, and

effective ways of achieving development impact without compromising financial returns.

Speaker: SYMBIOTICS GROUP

13:15



INSTITuTIONAL INvESTMENT & ASSET ALLOCATION STRATEgIES

A series of keynotes followed by interactive Q&A session, audience are encouraged to proactively engage.

CONTRARIAN INvESTING IN AFRICAN LISTED EqUITY MARKETS

Speaker: Nick Ndiritu, Portfolio Manager: Africa ex-SA Equity and Africa ex-SA Bonds, Allan Gray

RETURNS OF AFRICA’S BLUE-CHIPS EqUITIES vS. THE COST OF CAPITAL AND INFLATION

Speaker: Christopher Hartland-Peel, Principal, Hartland-Peel Africa Equity Research

vALUE-ORIENTED APPROACH TO INvESTING IN FIXED INCOME STRATEGIES

Speaker: Ayo Salami, Chief Investment Officer, Duet Asset Management

Moderated by: James Brice, Managing Director, Environmental Business Strategies

14:40

PENSIONS SYSTEM IN AFRICA – DIFFERENT MODELS, EMERGING TRENDS, CHALLENGES & OPPORTUNITIES

A holistic overview of the developments and the opportunities in the emerging pensions industry in Africa.

Speaker: Sundeep Raichura, Group CEO, Alexander Forbes Financial Services - Kenya

15:45

THEME 1

Financial Services and Consumer Goods

Andrew Brown, CIO,

Emerging Capital Partners

THEME 2

Unveiling Nigeria’sinvestment opportunities

Bex Nwawudu, Director, CBO Capital Partners

THEME 4

Agribusiness & Food Supply Chain.

Waheed qaiser, Vice Chair, Maxim Corporate Finance

THEME 3

Renewables Energy & Power Utilities.

Andrew Reicher Chairman,Berkeley Energy

LIGHT CONvERSATIONS ON REGIONAL/SECTOR TRANSACTIONS, OPPORTUNITIES & KEY DEvELOPMENTS.

THEME 5

Achieving Development Impact & Financial Return

Yvonne BakkumDirector, FMO

THEME 6

Unveiling Ghana’sinvestment opportunities

Martin Ofori, Group MD, Crystal Capital

THEME 8

Venture Capital & Start-up Funding in Africa

Sean Obedih,Founder, Founders Hive

THEME 7

Leadership & Investment Decision Making.

Marianne Abib-Pech, Founder, LeadTheFuture

13:40 THEMED ROUND-TABLE NETWORKING LUNCH

LEADERSHIP AS A HARD CRITERIA IN THE INvESTMENT DECISION MAKING PROCESS

This is an introductory keynote to more detail executive session on leadership and investment decision-making

process. The session seeks to correlate investment performance with leaders performance - give real cases of lack

of leadership leading to value disruption, both from a blue ship and from a more entrepreneurial standpoint.

Speaker: Marianne Abib-Pech, Founder, LeadTheFuture

13:30

THEME 9

Unveiling North Africa’sinvestment opportunitiesAnchor:

THEME 10

Unveiling East Africainvestment opportunities

George Odo, Partner & MD, Africinvest East Africa

THEME 12

Unveiling South Africa’sinvestment opportunitiesAnchor:

THEME 11

Institutional Real Estate Investing & Infrastructure Funds. Anchor:


LEvERAGING PRIvATE CAPITAL IN ENERGY, UTILITIES AND INFRASTRUCTURE FINANCING

We convene an expert panel to explore challenges investors and financiers face when looking to invest in power

projects in Africa. The panel will discuss practical approach for engaging private equity, pensions and sovereign

funds via public-private partnerships, as well as financial instruments that can be employed to facilitating private

investment in power.

Session Leaders: Julia Prescot, Partner - Chief Strategy Officer, Meridiam

Stephan Breban, Advisory Board, Dean Wetton Advisory

Aly-Khan Jamal, Associate Partner, Dalberg Global Development Advisors (TBA)

Moderated by: Andrew Reicher, Chairman, Berkeley Energy Africa

CLOSING REMARKS CLOSE OF 3RD AFRICONOMIE LONDON FORUM — DAY TWO

17:45

18:30


vIEWS ON PARTNERSHIP BETWEEN DFIs, PENSIONS AND SOvEREIGN FUNDS

With rapid growth in asset under management African capital owners are adopting a collaborative investment

approach in attracting global investment funds. An investment approach focused on sustainable long-term

strategies, portfolio diversification and optimal returns on investments. This interactive panel convenes leading

practitioners and active investors across the continent to explore strategies on partnership and engagement

between Development Finance Institutions, and Africa’s emerging capital owners.

Session Leaders: Hywel Rees-Jones, Advisor, CDC Group Plc

USAID (TBA)

Yvonne Bakkum, Director, FMO Investment Management

.

Moderated by: Chris vermont, Head of GuarantCo, Frontier Markets Fund Managers

16:00

16:45 WALKING REFRESHMENT BREAK

INvESTING IN AFRICA’S SOvEREIGN DEBTS, LOCAL & PUBLIC BONDS INSTRUMENTS

An effective local bond markets supports the development of capital markets, improves investor interest and

ease of raising money for private-sector development. This panel examines recent and pipeline transactions in

Africa, as well as explore drivers of investments in sovereign and local currency denominated bond instruments.

Session Leaders: David Makoni, Portfolio Manager, STANLIB Asset Management

IMF (TBA)

Lasitha Perera, Executive Director, Frontier Market Fund Managers

Bahar Alsharif, Deputy Treasurer, IFC - International Finance Corporation

Moderated by: Peter Fiala, Consultant, Debt & Bond Instrument Expert

17:00

REGISTRATION & COFFEE

WELCOME ADDRESS

Host: Nat Wilson Yaduma, Chairman Advisory Board, Africonomie

WELCOME & INTRODUCTORY REMARKS

Day Chair: Michelle Kathryn Essomé, CEO, African venture Capital Association (AvCA)

08:00

08:45

DAy ThREE WEDNESDAy, 24 SEPTEMBER 2014 PRIvATE EQuITy INvESTMENTS IN AFRICA

kEyNOTE: INSIGHTS & PERSPECTIvES ON PRIvATE EqUITY INvESTMENT IN AFRICA

Speaker: Runa Alam, Co-Founder & CEO, Development Partners International

DISCuSSION: BENCHMARKING AFRICA PE PERFORMANCE & OPPORTUNITIES IN A GLOBAL CONTEXT

This session seeks to qualify the enthusiasm for PE in Africa, and provides private equity industry with some

transparency and qualitative facts on PE in Africa. This interactive discussion is lead by a unique panel of practi-

tioners to benchmark PE performances in Africa and globally.

Session Leaders: Runa Alam, Co-Founder & CEO, Development Partners International

Anouk van der Boor, Managing Director, Cambridge Associates’ (Boston)

Michael Strain, Senior Associate, Clyde & Co Tanzania


09:00

09:15

DEBATE: RAISING CAPITAL VS. EFFECTIvE DEPLOYMENT

Has too much capital been raised for African Private Equity? Can the premise that there’s disparity in bankable

deals relative to capital raised for Africa private equity be justified? How effective can these funds be deployed?

What challenges and opportunities might this present to indigenous and/or emerging fund managers?

Session Leaders: Dushy Sivanithy, Principal, Pantheon

Bex Nwawudu, Director, CBO Capital Partners

.

Moderated by: Gail Mwamba, Editor, Private Equity Africa

10:00


MEzzANINE FINANCING IN SUB-SAHARAN AFRICA

Speaker: Colin Rezek, Managing Partner, vantage Mezzanine

PRIvATE CREDIT SOLUTIONS — DEvELOPMENT IN MEzzANINE, DEBT FINANCING & DISTRESS INvESTING

This session leverages on the expertise of leading practitioners in Africa’s private credit solutions to examine

the role private credit investing in bridging funding gap for small- and medium-size companies. The panel will

explore mezzanine investments, corporate and renewable credits; as well as direct lending to distressed firms.

Session Leaders: Colin Rezek, Managing Partner, vantage Mezzanine

Karl D’Cunha, Senior Managing Director, Madison Street Capital


11:00

10:45


DAy ThREE WEDNESDAy, 24 SEPTEMBER 2014 PRIvATE EQuITy INvESTMENTS IN AFRICA

11:45 WALKING REFRESHMENT BREAK

PRIvATE EQuITy INvESTMENT STRATEgIES IN AFRICAN MARkETS

A series of keynotes followed by interactive Q&A session, audience are encouraged to proactively engage.

SUSTAINABLE INvESTING: FINANCING FOOD AND AGRIBUSINESS vALUE CHAIN IN AFRICA

This session seeks to shed some light on PE investments in food & agribusiness, with the objective of assessing

its impact and contribution to sustainable developing the sector.

Speaker: Emvest / Phatisa / Miltrust

FOCUSING AFRICA-CHINA-AFRICA DEvELOPMENT FUND AND ITS INvESTMENT STRATEGY

Speaker: Teng Liliang, Chief Marketing Officer, China - Africa Development Fund

MINING AFRICA RESOURCES: FOCUS ON EFFICIENCY, SUSTAINABILITY & GROWTH MARKETS

The session describes the current funding trends in mining Africa’s resources, with focus on why now is a good

time to be investing in Africa mining? PE interest in mining Africa, as well as risk profile across the Continent.

Speaker: Peter Ruxton, Principal, Tembo Capital LLP

LEADERSHIP IN PRIvATE EqUITY INvESTMENT DECISION MAKING PROCESS

Speaker: Marianne Abib-Pech, Founder, LeadTheFuture

12:45

DIRECT & CO-INvESTMENT STRATEGIES IN AFRICA PRIvATE EqUITY

Co-investing is becoming a popular investment strategy as traditionally passive investors, such as insurance

firms and pension funds seek to reduce fees, secure preferred terms, improve transparency, and exercise greater

control of investments. This discussion examines co-investment strategies, typical deal terms and their implica-

tion on negotiations. As well as why investors are co-investing, and why funds are encouraging co-investments.

Session Leaders: Carlos Heneine, Co-Head Private Equity, quilvest

.

Andrew Brown, Chief Investment Officer, Emerging Capital Partners


12:00

14:00

THE STATE OF THE ECONOMY AND INvESTMENT CLIMATE SOMALILAND

Speaker: Abdi Dirir Abdi, The Governor, Bank of Somaliland

DISCUSSION RECAP

Speaker: Michelle Kathryn Essomé, CEO, African venture Capital Association (AvCA)

NETWORKING LUNCH & PRE-ARRANGED MEETINGS

END OF 3RD AFRICONOMIE LONDON FORUM

13:45

14:05

the landmark london hotel - proshareng.com africa pensions & sovereign funds investment forum...

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