Event Report
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Event Report Strategic Partner Partners Media Partners Airline Partner Content Partner www.theannualdebate.com The Annual Debate 2018 Thank you to all those who attended The Annual Debate 2018... This year’s The Annual Debate was a huge success and we are grateful to all who attended for making it such an enjoyable and productive day. As our fourth edition, The Annual Debate 2018 was our most ambitious yet, with more speakers, guests and a day-long line up of debates and networking opportunities. Much has changed since our last edition of The Annual Debate, with the last twelve months bringing considerable change to the Continent. For many countries in Africa - particularly South Africa, Zimbabwe, Ethiopia and Angola - this has brought about an overwhelming sense of new optimism. Indeed this was reflected in the lively discussion at The Annual Debate, and was brought to life in the words of Honourable SB Moyo (Minister of Foreign Affairs and International Trade, Zimbabwe), and Paul Mashatile (Treasurer General, ANC), giving insight into the renewal of their respective nations. It was similarly fantastic to hear the innovative thinking of panels such as Inclusive Financing and Entrepreneurship in Africa, on how Africa can solve its challenges like unbanked populations and talent retention. Given the Continent’s exploding population, growing middle-class and increasingly young workforce, the future of business in Africa is more dynamic than ever, and we’re excited to watch it develop over the coming year. I must personally thank our speakers, who fuelled a fascinating day of discussion; our sponsors, who made the event possible, and of course The Law Society, for once again hosting us at their beautiful venue. Finally, I would like to express my sincere thanks to all those who joined us as guests on the day. We’ve already begun our preparations for next year’s event, and we’re looking forward to once again gathering the biggest names in African business together for equally relevant and topical discussion. If you would be interested in attending, I strongly recommend to get in touch as soon as possible: The Annual Debate is growing with each edition, and this year’s event faced a considerable waiting list. Given its unrivalled opportunities to forge valuable connections with Africa’s most innovative business figures, we expect The Annual Debate 2019 to be more influential - and in demand - than ever before. I look forward to seeing you there! Karen Taylor CEO Invest Africa www.investafrica.com Thank you to our speakers Ada Osakwe, Chief Executive Officer, Agrolay Ventures Lanre Akinola, Editor, African Business (Chair of Proceedings) Akinwale Goodluck, Head of Africa, GSMA Manji Cheto, Business Development Manager - Alain Nsiona Defise, Head of Emerging Corporates, Africa, London Stock Exchange Group Pictet and Company Obi Ejimofo, Director of Operations, Asoko Insight Alec Russell, Editor, FT Weekend Paul Mashatile, Treasurer General, African National Alexandre Tavazzi, Global Strategist, Pictet and Congress Company Philippe Valahu, Chief Executive Office, Private Ana Hadjuka-Shields, Chief Executive Officer, Africa Infrastructure Development Group GreenCo Richard Abadie, Global Infrastructure Leader, PwC Atiku Abubakar, Former Vice President of Nigeria Richard Morgan, Head, Government Relations, Christopher Marks, Managing Director and Head of Africa, Anglo American Plc Emerging Markets, MUFG Rt Hon Liam Fox MP, Secretary of State for Douglas Rowlings, Vice President – Senior Analyst, International Trade, UK Dept. for International Trade Corporate Finance Group, Moody’s Investors Service Rt. Hon Mark Simmonds, Former Minister for Africa, Gareth Penny, Non-Executive Chairman, Norilsk Nickel UK Government Geoffrey White, Chief Executive Officer, Agility Africa Rt. Hon The Lord Boateng PC DL, Baron of Akyem Giles Hedley, Investment Relations Officer, Barak Fund and Wembley Grant Brooke, Chief Executive Officer, Twiga Foods Sanjeev Gupta, Executive Director, Financial Hal Hess, President, Latin America and EMEA, Services, Africa Finance Corporation American Tower Corporation Souleymane Ba, Partner, Helios Investment Partners Hardy Pemhiwa, Group Managing Director and Chief Tonye Cole, Co-Founder, Sahara Group Executive Officer, Econet Venkataramani Srivathsan, Managing Director and Honourable SB Moyo, Minister of Foreign Affairs and Chief Executive Officer Africa & Middle East, Olam International Trade, Zimbabwe Wayne Hennessy-Barrett, Chief Executive Officer, Ibukun Awosika, Chairman, First Bank Nigeria 4G Capital Joe Egan, President, The Law Society Yvonne Ike, Managing Director, Head of Sub Saharan Joel Jackson, Chief Executive Officer & Founder, Africa, Bank of America Merrill Lynch Mobius Motors Zemedeneh Negatu, Global Chairman, Fairfax Africa Kuseni Dlamini, Chairman, Massmart Fund www.theannualdebate.com Event Analysis Attendee Sectors Anaysis Financial Sector Attendee Analysis COLUMN2 Senior, ManagementAttendee and Job Function Analysis Associate 28% Senior, Management and Associate Business Development and Commercial 48% Government and Ambassadors Consultants Business C-Suite and Partners Development and Commercial 9% 8% 7% www.investafrica.com Organisations in attendance 4G Capital EBCAM NABA AAN Solutions Econet Nigeria High Commission ABAX Equatorial Guinea Embassy Nordgold Abraaj Ethiopian Airlines Norilsk Nickel Africa Alert ETK Group Novitas Capital Advisors Africa Business EWI Capital Limited Olam Africa Capitalworks ExWorks Capital Ophir Energy Africa Finance Corporation EXX AFRICA Orion Resource Partners Africa GreenCo Fairfax Africa Fund Partners Group African Capital Investments FCMB PraxisIFM Trust Limited Afrocet Montgomery UK Foreign and Commonwealth Office Private Infrastructure Development Group Agility First Bank of Nigeria PwC Agrolay Ventures Forum Properties Africa Quantum Power Alain Charles Publishing The Financial Times RA International American Tower Corporation FT Weekend Raitt Orr & Associates African National Congress FTI Consulting Renaissance Capital Anglo-American G3 - Good Governance Group Rendeavour AON Gabon Embassy Royal Africa Society Asempa Limited Genesis Investment Management Royal Air Maroc Asoko Insight GKB Ventures Sahara Group Aspire Africa Government of Nigeria SAO Capital BACB Government of Zimbabwe Sard Verbinnen Bank of America Merril Lynch GSMA Sedenco Africa Banque Pictet & Cie GTR Review Senegal Embassy Barak Fund Guinea Embassy Sephira Baybridge Investments Gulfstream Shell BBC World Service Helios Silverbird Group Bishop and Sewell Hogan Lovells International Simmons & Simmons Boston Consulting Group House of Lords SMS Group GmbH BP ILFA Sofunde, Osakwe, Ogundipe & Belgore Law Brand Communications Inspired Minds Solai Holdings British Expertise International INTL FCStone Ltd Sovereign Risk Insurance Capital Works Invest in Africa Standard Chartered Bank Cass Business School/BPG K2 Intelligence Stephenson Harwood Central Bank of Kenya KPMG Stonehage Fleming Centum Investments Kroll Sumitomo Mitsui Banking Corp. Europe CIAN Legacy Hill Capital Swisscham Africa Cluff Africa Lekela Advisors Limited The Africa Report Concord Ltd Liberty Peak The Economist Conduit Ventures Ltd. Lintel Capital The Haskell Company Congo Invest Consulting London Advertising The Law Society Control Risks Group Limited London Stock Exchange Group TIA Capital Ltd Credit Suisse Longitude Finance Trippi Associates Crown Agents Bank Manokore Attorneys TTRO Dangote Global Services Masawara Twiga Foods De La Rue Massmart UBA Capital (Europe) Limited Debtwire MEH Family Holdings UBA Group DEG Meridiam UBS AG Wealth Management Deloitte Ministry of Foreign Affairs, Zimbabwe UK Parliament Dept. for International Development Mischon de Reya Validus Specialty Dept. for International Trade MobiCash Vectorcide International Diamond Bank Mobilitas Vodafone DLA Piper UK LLP Mobius Motors Winston & Strawn LLP Dubai Chamber of Commerce & Industry Montgomery Zambia High Commission EMFC Loans Moody’s Zimbabwe High Commission Eastern Africa Association MUFG Bank www.theannualdebate.com Summary of Sessions 09.15-09.30: The Global Economy and Insights on Investing in African Capital Markets Pictet’s Global Strategist, Alexandre Tavazzi, and the company’s Head of Emerging Corporates, Alain Defise, opened The Annual Debate 2018 by delivering a presentation on “The Global Economy and Insights on Investing in African Capital Markets”. The presentation highlighted that African corporate debt space is growing: Africa is a promising market with a wide array of issuers in industries such as telecoms, banking, energy, metals and mining, among other sectors. However, the utilities sector remains absent, as well as issuers from Francophone “There is more opportunity now with the signing of Africa. The main obstacle for investors remains the Continental Free Trade Area ... for Africa to trade the lack of bankable projects: there has been a more with itself and invest in the Continent” sharp expansion of investors and investment - Kuseni Dlamini, Massmart funds interested in Africa in recent years, but this investment has been stalled by a lack of qualified projects available for investment. 10.30-11.15: Zimbabwe: A New Dawn or More of the Same? Alec Russell, Editor of the FT Weekend, interviewed The Hon. SB Moyo, Zimbabwe’s Minister of Foreign Affairs and International Trade. In a hotly anticipated interview, Alec Russell pushed the Minister to discuss Zimbabwe’s problematic past in terms of electoral legitimacy, and how this