Africa Financial Summit

June 26th, 2017
NASP Annual Pension and Financial Services Conference 
Millenium Biltmore 
Los Angeles, CA



8:45 a.m. – 9:10 a.m. – Opening Plenary

9:15 a.m. – 9:45 a.m. – Session 1
The Africa Update
In the face of a growing nationalist sentiment globally, can developing countries thrive, or even survive. Sharing the ills of growing income inequality, political instability and reduced economic opportunities for the middle class that are challenging many developed countries as well, what are the options for countries in Africa to effectively set policies to address these? Can any one country pull away from the pack in terms of economic progress, are there unique challenges, and opportunities, for institutions looking at this continent as the next frontier for real business growth and expansion.

9:50 a.m. – 10:50 a.m. – Session 2
Introducing MiDA – A NASP-USAID
Investment Partnership
Mobilizing Institutional Investors to Develop Africa’s Infrastructure (MIDA) is the result of an investment partnership between NASP and the U.S. Agency for International Development (USAID), seeking to develop channels for U.S. institutional investors to co-invest with African institutional investors, and to partner with development financial institutions to further de-risk investment opportunities in infrastructure in Africa. The prevailing international consensus suggests that institutional investors, primarily pension funds and insurance companies, can play a key role in filling the infrastructure finance gap based on the alignment between the need for enhanced yields and longer tenors to meet their liability structure, and infrastructure assets potential to provide predictable inflation-adjusted cash flows that have low correlations with existing investment returns.

 
10:50 a.m. – 11:00 a.m.
BREAK
 
11:00 a.m. – 12:15 p.m. – Session 3
Channels for Investing in Africa:  The Growing Role of Private Equity and Infrastructure 
The African continent has been growing at an unprecedented rate despite macroeconomic headwinds in a few key markets. Increasingly, private equity investors, impact investors and fund managers have begun to give further consideration to investment opportunities in African infrastructure. Recognizing the limitations of government finances to drive the necessary investment, African governments are now more welcoming to private sector funding to enable broader investment across the continent. This panel of experienced investors will explore how to unlock this opportunity and promote growth across the continent.

12:30 p.m. – 1:30 p.m. – Lunch Panel Discussion
The Africa Infrastructure Country Diagnostic (“AICD”) by the World Bank estimates that the continent needs $93 billion per annum to be spent on building, maintaining and refurbishing its infrastructure; ranging from transport, power, health communications, water & sanitation–sub-sectors which also generate significant interest among impact investors. Taking into account the continent’s tremendous development needs and the increasing global interest in investing in Africa, this luncheon panel explores the role of impact investing funds and other private investment vehicles to address the continent’s economic and social development goals.  These emerging impact funds aim to invest in companies that create positive impact through their core business operations, so that business success and meaningful social and environmental impact are inextricably linked.

1:45 p.m. – 2:45 p.m. – Session 4
African Pension Funds and Institutional Investors:  Co-investment Options and Opportunities for Portfolio Income Beyond Infrastructure 
African pension fund assets are growing faster than the pool of investible assets and products for funds.  Panelists will use shared experiences to address the most promising alternative asset classes for African pension funds with emphasis on opportunities for portfolio income beyond infrastructure. What is the outlook for sourcing a pipeline of investable projects and products? What have been lessons learned from existing fund investments in small and medium enterprise and other developmental investments? Learn about co-investment opportunities for NASP members and other international market participants.

 
2:50 p.m. – 3:45 p.m. – Session 5
Cross-Continent Best Practices in Financial Services and Pension Fund Management
Cultivating a path forward requires a shared understanding of institutional best practice for investors and their service providers. This session explores investment trends, guidelines, and cross-border limitations for all asset classes; regulatory considerations and risk management; and how Africa’s emerging presence on the financial stage incorporates SRI and ESG considerations, key tenets of the continent’s landscape. Lastly, we consider the overarching role of technology and how it impacts reality (today) versus what we aspire to (the future).
 
3:50 p.m. – 4:15 p.m. – Closing Plenary