Renaissance Capital’s Cape Town investor conference comes to an end

EGX Chairman Mohamed Farid called on investors in South Africa to tap the Egyptian stock exchange. Speaking at Renaissance Capital’s North Africa Investor Conference, which wrapped up in Cape Town yesterday, Farid said, “On the demand-side, EGX worked on increasing the level of financial culture and awareness to attract more investors, promote EGX as an incremental long-term saving vehicle to profit from the development of companies’ performance and distribute economic growth fruits among the highest number of investors.” Execs from Egyptian companies in the consumer, healthcare, banking and financial services, manufacturing and real estate sectors, among others, attended the conference, which kicked off on 9 April. They met with top South African and international investors with combined assets under management of c.USD 20 bn, RenCap said in a press release (pdf).