During this year’s United Nations General Assembly (UNGA), Kuramo Capital was proud to host our 4th annual Sub-Saharan Africa Day on Tuesday, September 20th, 2016. Held at the Harvard Club of New York, the event brought together several U.S. and global institutional investors, government officials and key private sector individuals around sub-Saharan Africa. The goal of the event was to showcase the tremendous Sub-Saharan Africa growth opportunity through discussions with government and private sector leaders. The keynote speaker at the event was the Honorable Dr. Okechukwu Enelamah, Nigeria’s Minister of Investment, Trade and Industry (MITI). As MITI Minister, Dr. Enelamah oversees policy-making and implementation relating to industrialization of the economy, development of small and medium-scale enterprises (SMEs), promotion of exports and foreign direct investment, and the expansion of trade.
In his address, the Honorable Minister gave a detailed presentation that provided the audience with insight on the investment environment in Nigeria and the structural reforms currently underway to facilitate the ease of doing business in the country. Our guests also had the opportunity to engage the Minister in interactive discussion on the current macroeconomic environment and strategies in place to boost the inflow of investments.
Following the keynote address, key stakeholders from and around East Africa were also given a platform to provide their perspectives on the investment environment in the region. During the panel moderated by Walé Adeosun, the audience engaged with a mix of East Africa’s policy makers and entrepreneurs including Geoffrey Odundo, CEO of the Nairobi Securities Exchange; Carole Kariuki, CEO of Kenya Private Sector Alliance; Vimal Shah, CEO of Bidco Africa; and Paul Bwiso, CEO of the Uganda Securities Exchange .
For us at Kuramo Capital, our Sub-Saharan Africa Day is part of our commitment to providing insight on the sub-Saharan Africa opportunity, as well as being a strategic partner to institutional investors. As such, we continue to provide platforms for deliberating practical ideas on how to reduce risk in investments, encourage business development and increase capital flow in Africa.