Thank you for your continued interest in engaging with the Institutional Investor Network (IIN). This quarter we welcomed 40+ new members and continue to promote our mission of Education. Kindly find the link to our previous newsletter HERE, and highlights of this quarter below.

We look forward to our continued engagement with all of our members.

HIGHLIGHTS

WORLD BANK SPRING MEETINGS & CORPORATE COUNCIL ON AFRICA (CCA) FINANCE FORUM

On April 20, 2023 IIN hosted a small group of African investors alongside the World Bank Spring Meetings where they discussed private sector engagement on the continent and met with key US stakeholders to make the case for two-way US-Africa investment opportunities.

IIN also continued its partnership with the Corporate Council on Africa (CCA), hosting the April 12th Africa Finance Forum. This closed-door event convened asset owners, DFIs, U.S and African Fund managers to kick off the discussion on institutional investment into African DFIs.

WEBINARS SERIES

On April 13th, 2023, IIN hosted its first Asset Manager Webinar series convening a wide range of asset managers that shared best practices and approaches to working with U.S. institutional investors.

This webinar was the place for a great discussion during the first of a two-part series, which will be offered again in September 2023.

IIN's Asset Owners Webinar convened on April 25th, 2023, a small group of institutional investors and demand-side stakeholders, mainly MDBs and DFIs, to discuss challenges that restrict investments into Africa.

IIN is offering this webinar twice this year, with the second edition taking place in September.

NCPERS' Annual Conference & Exhibition (ACE)

The IIN team participated in this year’s The IIN team participated in this year’s National Conference on Public Employee Retirement Systems (NCPERS) annual conference in New Orleans, Louisiana. NCPERS is the largest trade association for public pensions, representing approximately 500 plans, plan sponsors, and other stakeholders throughout the United States and Canada. annual conference in New Orleans, Louisiana. NCPERS is the largest trade association for public pensions, representing approximately 500 plans, plan sponsors, and other stakeholders throughout the United States and Canada.

The panel titled “Skate Where the Puck is Going: Investment Opportunities for Institutional Investors in Africa” was a fireside chat between Prosper Africa’s Senior Investment Advisor, Cameron Khosrowshahi, and Daniel D. Miller , Deputy Executive Director of the New York City Board of Education Retirement System (BERS), moderated by IIN’s Executive Director, Bintou Kabore-Zerbo . The panelists provided valuable insights to help US pension decision-makers navigate new markets, meet the right partners, earn safe, predictable returns, and deliver greater social and environmental impact.

International Telecoms Week (ITW)

IIN attended the International Telecoms Week (ITW) held in Washington D.C in May 2023 and was honored to be included in the unveiling of the brand new East2West fiber optics terrestrial cable project, a BAYOBAB and Africa50 Infrastructure Investment Platform initiative.

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UPCOMING INVESTOR DELEGATION TRIP

Botswana Delegation Trip

As part of its partnership with Prosper Africa, IIN serves as an implementing partner to host three (3) delegation trips by the end of 2023:

Botswana 10-14 July 2023

Nigeria 9-13 October 2023

Morocco 6-10 November 2023

IIN will be facilitating its first investor delegation trip of U.S institutional investor to Gaborone, Botswana July 10-14th of 2023 alongside the Corporate Council on Africa's U.S.-Africa Business Summit.

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MEMBER SPOTLIGHT

Advisory Board Member

Anthony Griffith, Managing Director Public Finance Group Global Banking and Markets, Bank of America Merrill Lynch

On March 9, 2023, the U.S. Government’s Prosper Africa initiative announced the close of $274 million in long-term financing for West Africa’s rapidly growing housing sector. This landmark partnership with Bank of America Securities, Inc, Brean Capital, LLC, The Bank of New York Mellon, Togo’s Caisse Régionale de Refinancement Hypothécaire (CRRH), the U.S. Agency for International Development (USAID), and the U.S. International Development Finance Corporation (DFC).

Advisory Board Member

Papa Madiaw Ndiaye, Founder and Chief Executive Officer AFIG Funds

On March 22, 2023, Private equity fund manager, AFIG Funds, signed with Bridge Bank Group Cote d'Ivoire a financing agreement for a leveraged buyout (LBO) transaction for the financing of the takeover of a leading packaging company in Côte d'Ivoire, by a consortium of investors. The objective of AFIG Funds and its consortium partners is to acquire and develop an already leading manufacturing company in Côte d'Ivoire with the intention of deploying an ambitious strategic plan to drive local and regional growth.

BECOME A MEMBER

IIN will engage with US investors to highlight the investment opportunities, challenges, and risk mitigation tools available to encourage investment into the continent.

Become a member to engage with us in the next couple of months!

Click here to become a Member