• Register
ein

Invest AD hires fund manager for growing Africa investments

United Arab Emirates: Monday, March 21 - 2011 @ 16:07

“I’d say that a major theme in coming years is the underinvestment in infrastructure from the sixties to the early nineties, which has created a backlog of needs on the continent,” said Bwakira, who holds dual South Africa and Burundi nationality.

“We’re going to be following actively the flow in fixed capital formation and related sectors — areas such as the cement sector, infrastructure companies, and financial services.”

Bwakira speaks fluent English, French and Kirundi – the main language of Burundi – and has lived and worked in South Africa, Burundi, Ethiopia, Angola, France, Switzerland and the United States.
The Invest AD Emerging Africa Fund focuses on some Africa’s most promising markets, including Nigeria, Ghana, and Kenya, investing in several sectors, including banking, mining, consumer products and manufacturing, through listed equities, initial public offerings (IPOs), as well as pre-IPO and unlisted equity.

Some of the world’s fastest growing economies are in Africa, with Ghana’s gross domestic product forecast to expand at 10% this year, eclipsing India and China, according to the International Monetary Fund. Zambia’s economy is forecast to grow 6.4% in 2011 and Nigeria’s is expected to grow 7.4%.

Invest AD, with over three decades of investment experience, provides access to private equity, listed equities and fixed income investments in the Middle East and Africa. The company, owned by the Abu Dhabi government, has established partnerships with Japan’s SBI Holdings, BHF-BANK in Germany, the Korean Development Bank, and Hong Kong’s Quam Ltd.

Today's Top Stories

Posted by

Monday, March 21- 2011 @ 16:07 UAE local time (GMT+4) Replication or redistribution in whole or in part is expressly prohibited without the prior written consent of Mediaquest FZ LLC.

AME Info Services





Business DirectoryVIEW ALL

Search by name

Search by industry

Browse alphabetically



JobsVIEW ALL

Search for jobs

Latest Jobs