Last Thursday, the entrepreneurial development bank hosted the last African Business Club (ABC) of 2013. Maudy Keulemans, General Manager of NABC, kicked off this gathering with a short presentation on the newest developments in Africa and those within NABC. Furthermore, she quickly introduced the topics of the day; FMO’s financing instruments and investing on the African stock exchange. The audience included over more than seventy delegates who all enjoyed the interactive presentations given by NABC, FMO and Robeco.
FMO’s most interesting instrument is the FOM (Fund Emerging Markets), within which a distinction can be made between FOM (EZ) Middle-class Income Countries, and FOM (OS) Low-Class Income Countries. All the African countries, except for South-Africa, belong to the FOM OS according to FMO’s classification. Unfortunately, Elsbeth Bloemert of FMO announced that the Dutch government has recently decided to put an end to its financial support of the FOM fund, similar to the latest development concerning the PSI (Private Sector Investments program). Instead, the cabinet is currently discussing the content and scope of the Dutch Good Growth Fund that will replace the FOM OS and the PSI. It remains the question which organization will manage this fund in the future: Agency NL or FMO. In any case, the NABC will organize an event on the Dutch Good Growth Fund immediately after its enactment in which you will be provided with all needed information.
Afterwards Rob in ‘t Zand took the floor presenting FMO’s Infrastructure Development Fund (IDF) and Cornelis Vlooswijk, representing Robeco, explained how everyone can invest in the African Stock Exchange. The latter shared his view on African potential profitable businesses from an investor’s perspective. The evening culminated in the usual networking session, which can be characterized by its easy-going positive atmosphere.
As already mentioned, this was the last ABC of the year. In February 2014 the ABC will most likely take place at Fast Forward Freight at Schiphol. Of course NABC will provide you with the needed information in time. What to do in December then? Well, we are inviting you to this year’s African Ambassadors’ Dinner (Dec 12). Apart from the multiple opportunities to meet the African diplomats, this evening includes a grand dinner and excellent networking session with Dutch companies to create new relations or to further extend on existing ones. Do not forget to register in time here.
15:30 – 16:00 Registration and welcoming drinks
16:00 – 16:20 Welcome and NABC Updates by Maudy Keulemans – General Manager NABC
16:20 – 16:40 Introduction about FMO's financial instruments by Elsbeth Bloemert & Rob in ‘t Zand - FMO
16.40 - 17.00 Key-note speech and presentation by Cornelis Vlooswijk, Robeco, about investing African in stock exchange
17:00 – 19:00 Networking Session with Refreshments.
|From||November 21, 2013|
|Till||November 21, 2013|
|Africa Business Club|
|The Hague, Netherlands|