R. Goswamy Speaks on NTU-SBF Panel
Private equity (PE) firms raised $4.2 billion to invest in Africa in 2014, more than double the average for the past five years. In 2015, emerging markets investment as a percentage of global PE investment grew to 11% ($33.75 billion), the highest level since the financial crisis.
Emerging markets, particularly in Africa, are witnessing increased investment from local and foreign investors, and this, coupled with an increased pace of economic diversification, has created employment and accelerated the growth of a new middle class with rising consumer power. In Africa for instance, opportunities now extend well beyond more traditional sectors of commodities and infrastructure, with recent growth being marked by developments and growth across a range of consumer-related sectors, including RCP (retail and consumer products), financial services, and TMT (technology, media and telecoms).
Rahul Goswamy spoke alongside Mr. Desmond Sheehy, Chief Investment Officer at Duxton Asset Management, Mr. Frank Behiblo, Managing Director and Head of Corporate Development at Quantum Global and Mr. Alexander Benard, CEO at Schulze Investments Limited, moderated by Mr. Johan Burger, Director at NTU-SBF Centre for African Studies. The panel addressed challenges, opportunities and lessons on private equity in emerging markets.
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ABOUT NTU-SBF CENTRE FOR AFRICAN STUDIES:
The NTU-SBF Centre for African Studies is a unique trilateral platform with government, business and academia that promotes knowledge and expertise on Africa, to accelerate the deepening of business and trade ties between Asia and Africa.
The centre will conduct research, educational and publishing programmes to facilitate the advancement of three key objectives:
- Provide thought leadership on Africa to increase business knowledge and understanding of Africa – investment opportunities, risks and challenges, and sustainable strategies for the continent’s various markets;
- Build human capital to resource businesses’ engagement and expansion in Africa, educating and nurturing a community of thinkers and doers who are Africa-savvy
- Foster an integrated Africa network that cultivates ties among business, political and thought leaders in South-east Asia and Africa to narrow the knowledge gap between both regions