African and international CEOs, senior executives and investors in New York City were brought together by initiative for Global Development to discuss ways to invest in Africa.
The podium is called the Frontier 100 Forum which is themed; “Africa: Innovative Investing in Emerging Markets.”
The forum is biannual and has a reputation for facilitating strategic connections between CEOs and investors which leads to discussion of crucial issues.
The basis for choosing to focus in Africa was explained by Initiative for Global Development, IGD. It said there are over one billion people in Africa, 20 percent of whom are under 24; over 60 million Smartphone users, and 29 stock exchanges.
IGD’s President, Dr. Mima Nedelcovych, said the forum will emphasis on non-traditional and innovative investors new to the emerging African markets.
There are two Frontier 100 Forums every year, one in Africa prior the World Economic Forum and one in New York City. Investment is always the focus of our Frontier 100 Forum in New York, he said.
According to reports from source, discussions at the forum are expected to border on the diverse forms of investments available in Africa, including private equity and impact investing, the effects of the continent’s demographic profile on the business environment, innovations in technology.
On key industries to explore, the agriculture, financial services, ICT, infrastructure and power sectors will be examined significantly.
Group meetings at the forum will also explore initiatives to seal the skills gap on the continent.