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FT Africa Summit 2014

London |  - 
Speakers include:
Ngozi Okonjo-Iweala

Ngozi Okonjo-Iweala

Federal Ministry of Finance, Nigeria

Tutu Agyare

Tutu Agyare

Nubuke Investments LLP

Nick Allan

Nick Allan

Control Risks


The Financial Times broke new ground last October in a relationship with Africa that stretches back to the paper’s opening issue more than 125 years ago. For the first time, it hosted a conference with an African-led agenda, backed by a special report, providing a platform for debate and discussion with investment partners, old and new.

The continent’s economic growth is the second fastest in the world, underpinned by a virtuous cycle of improved governance, Chinese-led investments in infrastructure, high commodities prices, and the growth of a nascent, even if fragile, middle class. Yet, risks abound, from rising inequality to the potential of setbacks in governance.

The inaugural FT Africa Summit gathered a sell-out delegation of 300 senior attendees and an expert speaker panel of finance ministers, investors and businesses leaders from around the region.


  • R S Dabengwa, Group President & CEO - MTN Group
  • Ivan Glasenberg, Chief Executive Officer - Glencore
  • Vimai Shah, Group CEO - Bidco
  • Tidjane Thiam, Group Chief Executive - Prudential
fallback Add to my Calendar 10/05/2014 18:30:0010/06/2014 00:00:00falseFT Africa Summit 2014The Financial Times broke new ground last October in a relationship with Africa that stretches back to the paper’s opening issue more than 125 years ago. For the first time, it hosted a conference with an African-led agenda, backed by a special report, providing a platform for debate and discussion with investment partners, old and new.The continent’s economic growth is the second fastest in the world, underpinned by a virtuous cycle of improved governance, Chinese-led investments in infrastructure, high commodities prices, and the growth of a nascent, even if fragile, middle class. Yet, risks abound, from rising inequality to the potential of setbacks in governance.The inaugural FT Africa Summit gathered a sell-out delegation of 300 senior attendees and an expert speaker panel of finance ministers, investors and businesses leaders from around the region.SPEAKERS INCLUDEDR S Dabengwa, Group President & CEO - MTN GroupIvan Glasenberg, Chief Executive Officer - GlencoreVimai Shah, Group CEO - BidcoTidjane Thiam, Group Chief Executive - PrudentialFT-Africa-Summit-2014import_etouches_89452MM/DD/YYYY

Speakers (27)

Ngozi Okonjo-Iweala

Ngozi Okonjo-Iweala

Co-ordinating Minister for the Economy & Minister of Finance
Federal Ministry of Finance, Nigeria

Dr Ngozi Okonjo-Iweala was appointed the Minister of Finance and Coordinating Minister for the Economy of the Federal Republic of Nigeria in July 2011. Prior to this appointment, she was the managing director of World Bank. Dr Okonjo-Iweala has also held the positions of Finance Minister and Foreign Minister of Nigeria between 2003 and 2006. She is notable for being the first woman to hold either of these positions. As Finance Minister she was lauded for ridding Nigeria of $30 billion dollars of external debt with the Paris Club. Dr Okonjo-Iweala is the recipient of numerous awards including honorary doctorates from some of the world's most prestigious universities. She was named one of the 100 most influential people in the world by TIME in 2014 and 100 most powerful women in the world by Forbes magazine for 4 years consecutively since 2011 and one of the three most powerful women in Africa. She is a member of several high level global development initiatives including the Post 2015 MDGs High Level Panel and the Post-Busan Global Partnership for Development Effectiveness. She is also the author of several books and articles including Reforming the UnReformable: Lessons from Nigeria, recently released by MIT Press.

Tutu Agyare

Tutu Agyare

Managing Partner
Nubuke Investments LLP

Tutu Agyare is the straight-talking Ghanaian who “baptised” the floor of the London Stock Exchange by being the first African to trade on it in his early 20s. He later pursued a successful career at UBS investment bank for two decades, where he became head of Europe, Middle East and African investment. In 2007 Mr Agyare set up Nubuke Investments, a company solely focused on African investment opportunities. Today, he is a much sought-after business leader and investor, and one of a handful of Africans who sit on the board of a FTSE 100 company. He is known for confronting critics of the African investment trajectory and challenges them to “wake up and smell the coffee” and realise that the rest of the world is making a beeline for Africa. Having experienced the best of the South and the West, Mr Agyare uses his experience to navigate his way through what he describes as a rich environment for opportunity. Most recently voted one of the 100 most influential Africans by NewAfrican magazine.

Nick Allan

Nick Allan

CEO, Europe & Africa
Control Risks

Mr Allan is responsible for Control Risks business in the Europe and Africa region and sits on the company’s executive committee and main board. Prior to assuming this role he spent four years as regional director for Asia Pacific, based in Singapore. Mr Allan started his career with Control Risks in the area of political and security risk analysis.  Before Control Risks, Mr Allan worked in Latin America and Africa for De La Rue plc. He gained project management experience on electoral projects in Mozambique and Sierra Leone.  Mr Allan studied Politics at the University of Bristol and holds an MBA from Imperial College, London. He speaks Spanish and Portuguese.

Austin Avuru

Austin Avuru

SEPLAT Petroleum

Austin Avuru was appointed chief executive officer in 2010. Prior to joining SEPLAT, Mr Avuru spent twelve years at NNPC beginning in 1980, where he held various positions including well-site geologist, production seismologist and reservoir engineer. In 1992, he joined Allied Energy Resources in Nigeria, a pioneer deepwater operator, where he worked for the next ten years as exploration manager and technical manager. In 2002, Mr Avuru established Platform Petroleum Limited and held the role of managing director until 2010, when he left to take up the CEO position at SEPLAT. He is also a director of MPI, which is listed on NYSE Euronext Paris.  Mr Avuru has served the oil and gas industry in various capacities including his work as the technical co-ordinator for the review of the industry’s memorandum of understanding, membership of the ministerial committee on the restructuring of the DPR and his role as a consultant to the Senate committee on petroleum resources between 2000 and 2003. He also chaired the technical subcommittee that drafted the policy blueprint that formed the basis of the Nigerian Content Act of 2010.  He obtained a Geology degree from the University of Nigeria, Nsukka in 1980 and a post-graduate diploma in Petroleum Engineering from the University of Ibadan, Nigeria in 1992.

Rilwan N Belo-Osagie

Rilwan N Belo-Osagie

Managing Director
FSDH Merchant Bank

Rilwan N Belo-Osagie is currently the managing director and CEO of FSDH Merchant Bank Limited. Prior to joining FSDHMB, Mr Belo-Osagie had worked with African International Bank Ltd and Chartered Bank Nigeria Plc in managerial positions.  Mr Belo-Osagie is a graduate of the Imperial College of Science and Technology, London and Strathclyde University, Glasgow and also holds a Masters in Business Administration from The London Business School.

R S Dabengwa

R S Dabengwa

Group President & CEO
MTN Group

BSc (Eng), MBA
Group President & CEO: MTN Group (APRIL 2011)
Executive Director since 2001

Mr. Dabengwa has been with the MTN Group since 1999 when he was appointed MD of MTN SA.

He was appointed CEO of MTN Nigeria in early 2004; he held this position until late 2006 when he was appointed to the position of Group COO. He held this position till March 2011 when he was appointed Group President & CEO.

Ismail Douiri

Ismail Douiri

Attijariwafa Bank

Ismail Douiri is co-CEO of Attijariwafa bank, a regional financial institution based in Casablanca Morocco and serving 6.8 million clients in 23 countries in North, West and Central Africa, as well as Western Europe. He joined Attijariwafa bank in 2004 as VP of strategy and was promoted in 2005 to deputy general manager. In 2008, he was appointed by the board of directors as co-CEO.  Mr Douiri started his professional career with Westinghouse Electric Corporation in Baltimore, Maryland, then joined Casablanca Finance Group, a boutique investment bank based in Morocco. After getting his MBA, he worked for Morgan Stanley in London, for McKinsey & Co. in the North Africa Initiative, and founded a mobile internet start-up. He is a director of most subsidiaries of Attijariwafa bank in North, West and Central Africa, and chairman of Care International Maroc, the Moroccan chapter of Care International.  In 2010, Mr Douiri was named Young Global Leader by the World Economic Forum. He holds two engineering degrees from Ecole Polytechnique and Ecole Nationale Supérieuredes Télécommunications (both in Paris) and an MBA with high distinction from Harvard Business School where he was a Fulbright scholarship grantee.

Abdirashid Duale

Abdirashid Duale

Dahabshiil Group

Mr Abdirashid Duale is responsible for Dahabshiil’s global operations. Mr Duale has worked for Dahabshiil since his school days, helping his father develop a small Somali family business into Africa’s largest remittance firm, operating in more than 150 countries. Dahabshiil provides a vital remittance lifeline for many of Africa’s more remote regions – facilitating the transfer of money by expat communities to their families and local communities across the continent.  As a leader in his industry, Mr Duale has established a reputation as an expert on remittance and development finance. He was recently named as one of the 50 most influential Africans by the Africa Report.  Mr Duale also serves on various advisory boards including the Humanitarian Innovation Project (HIP), a research project based at the Refugee Studies Centre, University of Oxford and the International Association of Money Transfer Networks (IAMTN), which represents the industry of money transfers and payment institutions across the globe.

Arnold Ekpe

Arnold Ekpe

Honorary President
Business Council for Africa

Mr Arnold Ekpe is Honorary President of the Business Council for Africa.

He served as Group CEO and Executive Director of Ecobank Transnational Incorporated where he transformed Ecobank from a small five country operation into a truly pan African bank, present in more African countries than any other bank. He served as Company's Chief Executive Officer from 2005-2012 and 1996 to 2001 between which he left to join United Bank for Africa as Chief Executive Officer from 2002 until 2004. He has over 30 years of African and international banking experience, having also worked for Citibank and First Chicago. He was Vice President and Head of Structured Trade and Corporate Finance for Sub-Sahara Africa for Citibank. He holds degrees in Mechanical Engineering and Business Administration from Manchester University and Manchester Business School respectively.

Tony Elumelu

Tony Elumelu

Heirs Holdings Limited

Mr Elumelu founded Heirs Holdings, a proprietary investment company and established The Tony Elumelu Foundation; an Africa based and funded philanthropy dedicated to the promotion of entrepreneurship in Africa, in 2010. In 2011, Heirs Holdings acquired a controlling interest in the Transnational Corporation of Nigeria Plc. (Transcorp), a publicly quoted company, which operates in the agribusiness, energy, and hospitality sectors. Mr Elumelu now serves as chairman of Transcorp.  In 2005, Mr Elumelu engineered, what was at the time, the largest merger in the Sub-Saharan African banking industry, through his acquisition of the United Bank for Africa (UBA). He also serves as an advisor to the USAID’s Private Capital Group for Africa (PCGA) Partners Forum and sits on the Nigerian President’s Agricultural Transformation Implementation Council (AITC). Mr Elumelu is also vice-chairman of the National Competitiveness Council of Nigeria and serves as co-chair of the Aspen Institute Dialogue Series on Global Food Security. At the invitation of the Federal Government of Nigeria, he also chairs the committee responsible for the establishment of world-class hospitals and diagnostic centers across Nigeria.  Mr Elumelu was recently recognised by Forbes Magazine as one of “Africa’s 20 Most Powerful People in 2012.” In addition, the New African Magazine featured him in their list of the “100 Most Influential Africans in Business.”

Albert Essien

Albert Essien

Group Chief Executive Officer
Ecobank Group

Albert Essien assumed the role of Group Chief Executive Officer of the Ecobank Group in March of this year. Prior to that he was the Deputy Group Chief Executive Officer and Group Executive Director for Corporate and Investment Bank, including Ecobank’s international Offices. In a career with Ecobank that spans more than 20 years, Albert Essien has held a number of key appointments, including Regional Head for the rest of Anglophone West Africa and the Eastern and Southern Africa (ESA) regions. He spearheaded Ecobank’s expansion into the ESA, culminating in the establishment of subsidiaries in Kenya, Uganda, Tanzania, Rwanda, Burundi, Zambia and Malawi and a Representative office in South Africa.

He started his banking career with the National Investment Bank in Accra, Ghana. He joined the Corporate Bank department of Ecobank Ghana in 1990. In 1997, he became Country Risk Manager. He was appointed Deputy Managing Director in 2001 and became Managing Director in December 2002.

Albert Essien has a degree in Economics from the University of Ghana (graduated in 1979) and is an alumnus of Executive Development Program of INSEAD (France/Singapore). He is also an honorary fellow of the Chartered institute of Bankers, Ghana.

Ivan Glasenberg

Ivan Glasenberg

Chief Executive Officer

Ivan Glasenberg joined Glencore in April 1984 and has been Chief Executive Officer since January 2002. Mr Glasenberg initially spent three years working in the coal/coke commodity department in South Africa as a marketer, before spending two years in Australia as head of the Asian coal/coke commodity division. Between 1988 and 1989, he was based in Hong Kong as head of Glencore’s Hong Kong and Beijing offices, as well as head of coal marketing in Asia, where his responsibilities included overseeing the Asian coal marketing business of Glencore and managing the administrative functions of the Hong Kong and Beijing offices. In January 1990, he was made responsible for the worldwide coal business of Glencore for both marketing and industrial assets, and remained in this role until he became Chief Executive Officer in January 2002. Mr Glasenberg is a member of the health and safety, environment and communities committee. Mr Glasenberg is a Chartered Accountant of South Africa and holds a Bachelor of Accountancy from the University of Witwatersrand. Mr Glasenberg also holds an MBA from the University of Southern California. He is currently a non-executive director of United Company Rusal plc. Before joining Glencore, Mr Glasenberg worked for five years at Levitt Kirson Chartered Accountants in South Africa.

Phillip Ihenacho

Phillip Ihenacho

Seven Energy

Phillip Ihenacho is chief executive officer of Seven Energy, a position he assumed after serving as executive chairman for several years. Mr Ihenacho is a co-founder and partner in Amaya Capital, a principal investment firm focused on investments in the energy sector in West Africa. Amaya Capital was an early investor in Seven Energy, and has played an active role in supporting the group.  Prior to Amaya Capital, Mr Ihenacho established and ran Afrinvest, the London-based, regulated investment banking firm focused on African markets, until its successful sale in 2007. Whilst at Afrinvest, for over 10 years, Mr Ihenacho was involved with advising multinational companies and investors active in the oil and gas, telecoms and financial services sectors in various African markets including Nigeria. Mr Ihenacho also served as chairman of the Investment Committee of the Aureos West Africa Fund, where he assisted the investment team with evaluating investment opportunities in Senegal, Nigeria and Ghana, and prior to this worked with McKinsey & Co for five years in New York and London.  Mr Ihenacho is a graduate of Yale University and Harvard Law School, and was born in Lagos and raised in Jos, Nigeria.

Yvonne Ike

Yvonne Ike

Managing Director, Head of Sub Saharan Africa (Ex-RSA)
Bank of America Merrill Lynch

Yvonne Ike is a Managing Director and Head of Sub Saharan Africa (Ex-RSA) at Bank of America Merrill Lynch.

Yvonne has more than 20 years experience in the financial services, including capital markets operations and fixed income, derivatives and equities products. Over the course of her career, Yvonne has led senior teams in New York, Geneva, Hong Kong, Nigeria and South Africa.

Prior to joining Bank of America Merrill Lynch in September 2014, Yvonne was Chief Executive Officer at West Africa at Renaissance Capital, where she was responsible for the firm’s West Africa franchise covering Investment Banking and Securities Trading. From 1994 to 2009, Yvonne was a Managing Director at JP Morgan. She also worked as a partner at Africapital Management Limited from 2009 to 2011. Yvonne started her career as an auditor with Ernst and Young International.

Yvonne is a trustee of The Bridge Leadership Academy, Christopher Kolade Foundation and The Dangote Foundation. She is passionate about actively contributing to Africa’s development and is involved in several initiatives including African Gifted Foundation and Women for Women International.

Yvonne has received many international awards including being recognized by the Queen of England as one of the top 200 business women in the UK to make a significant impact in society during 2007.

Donald Kaberuka

Donald Kaberuka

Former President
African Development Bank

Donald Kaberuka is currently serving his second five-year term as president of the African Development Bank Group (AfDB). He was first elected in 2005, becoming the seventh president of the Bank Group since its establishment in 1963 and then re-elected in May 2010.  Before joining the African Development Bank, Mr Kaberuka had a distinguished career in banking, international trade and development and government service. A national of Rwanda, he was the country’s Minister of Finance and Economic Planning between 1997 and 2005. During this period, he oversaw Rwanda’s successful economic reconstruction in the aftermath of the civil war. He initiated and implemented major economic reforms and introduced new systems of structural, monetary and fiscal governance, laying special emphasis on the independence of Rwanda’s central bank. These reforms led to the widely-recognized revival of Rwanda’s economy, and to the sustained economic growth that enabled Rwanda to obtain debt cancellation under the Heavily Indebted Poor Countries initiative in April 2005.  During his service at the AfDB, Mr Kaberuka has presided over a major redirection in its strategy for development and poverty reduction in Africa. To that end, the AfDB has placed increased emphasis on the private sector, and on the importance of major infrastructure developments in areas such as road, railways, power plants and communications, especially in their role in promoting regional integration in Africa.  During Mr Kaberuka’s period of office, the AfDB has become Africa’s premier financial institution. In 2009, in response to the global financial crisis, the African Development Bank Group made record approvals of loans and grants with a total of more than USD 12.6 billion. Mr Kaberuka was educated at universities in Tanzania and Scotland. He holds a PhD in Economics from Glasgow University.

Joseph Makoju

Joseph Makoju

Honorary Adviser to the President, Chief Executive
Dangote Group

Joseph Makoju has been honorary adviser to the president and chief executive of the Dangote Group since 2009. Before joining the Dangote Group, he has worked in several world-class organisations including Shell-BP; Blue Circle (UK) and WAPCO which he headed as managing director and chief executive for about a decade before taking up an appointment as managing director and chief executive of National Electric Power Authority (Power Holding Company of Nigeria).  Mr Makoju served as special adviser (electric power) to the President, Federal Republic of Nigeria under two separate administrations. He was pioneer chairman of the board of the West African Power Pool for eight years and remains today an honorary member of the board. He is also chairman of the Cement Manufacturers Association of Nigeria (CMAN). Mr Makoju belongs to several professional bodies including the Nigerian Society of Engineers, Nigerian Institute of Management and British Institute of Mechanical Engineers.  Mr Makoju holds a number of awards including a national honour from the Federal Republic of Nigeria - Officer of the Federal Republic of Nigeria (OFR) and a national honour from the Republic of Niger - Grand Commander of the Special Order of Merit (GCSO). He holds a BSc (1st Class) honours degree in Mechanical Engineering from the University of Nottingham, United Kingdom and M.Phil. in Mechanical Engineering from the same university.

Katrina Manson

Katrina Manson

Former East Africa Correspondent
Financial Times

Katrina Manson is the former East Africa correspondent for the Financial Times. Based in Nairobi, she covers news, analysis, politics, business and culture from 13 countries for the paper. She was previously Reuters correspondent in DR Congo, Tanzania, Sierra Leone and Burkina Faso, editor of Africa investor magazine and has written for international newspapers and magazines from west and north Africa and from Afghanistan. She is co-author of several guidebooks, including the Bradt Guides to Burkina Faso and Sierra Leone. She is a prize-winning scholar with a double first in History and Politics from Balliol College, Oxford University.

Strive Masiyiwa

Strive Masiyiwa

Founder & Chairman
Econet Wireless

Strive Masiyiwa is the Founder and Chairman of the Econet Group, a pan-African telecommunications, media and technology company with operations and investments in 29 countries.

He serves on several international boards including Unilever, National Geographic Society and the Global Advisory boards of the Council on Foreign Relations and Stanford University. A former board member of the Rockefeller Foundation for 15 years, he also serves as Chairman of the Alliance for a Green Revolution in Africa (AGRA). He previously served on the Africa Progress Panel, and juror on the Hilton Humanitarian Prize. 

As a philanthropist, Mr Masiyiwa is a member of the Giving Pledge, and his contributions to education, health and development have been widely recognised. Mr Masiyiwa and his wife finance the Higher Life Foundation, which has supported the education of over 250,000 African orphaned, vulnerable and gifted children over the past 20 years. 

Over the last few years, Mr Masiyiwa has devoted his time to mentoring the next generation of African entrepreneurs through his Facebook page, which has a growing followership of nearly 4-million young people from across the continent. For over two years, Facebook has identified his platform as having the most engaged following of any business leader in the world.

Bernard Mensah

Bernard Mensah

President of the UK and CEEMEA and co-head of Global Fixed Income, Currencies & Commodities (FICC) Trading
Bank of America Merrill Lynch

Bernard Mensah is President of the UK and Central Eastern Europe, the Middle East and Africa (CEEMEA) and co-head of Global Fixed Income, Currencies and Commodities (FICC) Trading at Bank of America Merrill Lynch. He is Chief Executive Officer of Merrill Lynch International (“MLI”), Bank of America’s largest International subsidiary, and Head of the BANA London Branch. Bernard is a member of Bank of America’s Management Committee.

Based in London, Bernard has jointly led the firm’s FICC Trading business globally since 2015, and assumed additional leadership responsibilities as the firm’s EMEA President in April 2018.

In his role as President, Bernard is responsible for the execution and development of the bank’s strategy, business activities and support functions in the UK and CEEMEA. These span corporate, commercial and investment banking, treasury services and sales and trading. He is also responsible for ensuring the effective delivery of the broad Bank of America Merrill Lynch franchise to its corporate and institutional clients across the region. Bernard chairs the firm’s regional Executive Committee and is a member of the Global Banking and Markets Committee.

Bernard has more than 20 years global trading and investing experience, serves on the UK’s Financial Conduct Authority’s Markets Practitioner Panel, and was recently asked by the Bank of England to join the Senior Advisory Group overseeing LIBOR transition in the UK. He joined the firm in 2010 from Goldman Sachs in London, where he was a Partner and global head of Bank Loan and Distressed Trading, and prior to that ran the bank’s Asia Credit and Convertibles business, based in Hong Kong and Tokyo.

Before joining Goldman Sachs in 2000, Bernard worked as a Fixed Income Trader for Credit Suisse Financial Products in Europe and Asia, and for PricewaterhouseCoopers in audit and corporate finance.

Bernard received his BA in Social Sciences at the Joint School of Philosophy and Economics at the University of Bristol in 1989. He is a qualified chartered accountant and became a member of the Institute of Chartered Accountants England and Wales in 1992. Bernard was recently asked to chair the West Africa Advisory Board of Princes Trust International.

Henry Obi

Henry Obi

Partner & COO
Helios Investment Partners LLP

Henry Obi is a Partner and the Chief Operating Officer for Helios Investment Partners (“Helios”), an Africa-focused Private Equity firm which operates a family of funds and their related co-investment entities, aggregating more than $2.2 billion in capital commitments. He is responsible for the operations of the firm and is a member of Helios’ investment committee.

Prior to joining Helios, he was a Partner for several years at Aureos Capital in London. He started his investment career in the power investment team at CDC and has also worked at Actis and Dynegy, a US energy trader. Mr Obi has an MBA from  the London Business School. He is Chair of the Emerging Market Private Equity Association’s  Africa Council and sits on the advisory board of Maris Capital.

Arunma Oteh

Arunma Oteh

Director General; Chair of the Africa, Middle East Regional Committee
Securities and Exchange Commission, Nigeria; IOSCO

Arunma Oteh became the director general of the Securities and Exchange Commission (SEC), in January 2010 and was elected chairman, Africa Middle East Regional Committee (AMERC) of the International Organisation of Securities Commissions (IOSCO) in June 2010. She is a member of the Nigerian Economic Management Team (NEMT) chaired by the President of Nigeria and a director of the Boards of the National Pension Commission and the Asset Management Company of Nigeria. She is also a Board member of the International Organisation of Securities Commissions (IOSCO) and a member of the World Economic Forum (WEF) Global Agenda Council on Institutional Governance. Prior to joining the SEC she was executive vice president, Corporate Services, from 2006 to 2009 and group treasurer from 2001 to 2006, at African Development Bank Group (AfDB). She also held other positions in treasury and lending in the course of her career in the bank, which she joined in 1992. Prior to the African Development Bank, she worked in corporate finance, consulting, teaching and research for a number of institutions including the Harvard Institute for International Development, U.S.A. and Centre Point Investments Limited, Nigeria. She has served on the board of a number of organisations, including the advisory board of the Africa Investor, and the International Financing Facility of Immunisation (IFFIm). She is the co-editor of the book, ‘African Voices African Visions’. In 2011 and in recognition of her contribution to economic development and to transforming the Nigerian capital markets, she was awarded the “Officer of the Order of the Niger (OON)” national honour.  She also received the “Distinction In Public Service” Commonwealth Business Council/African Business Award in 2011 and the Eminent African Business Leader Award from the China Foundation for Global Partnership in 2013. The SEC received the Africa Investor’s “Most Innovative Capital Markets Regulator” award in 2011, 2013 and 2014 while Ms Oteh was named the ‘2014 Capital Market Personality of the Year’. Ms Oteh holds a Masters Degree in Business Administration (MBA), from Harvard Business School, Boston, U.S.A. and a First Class Hons. Degree in Computer Science, from the University of Nigeria, Nsukka, Nigeria. 

Julian Roberts

Julian Roberts

Group Chief Executive
Old Mutual

Julian Roberts has been group chief executive of Old Mutual since September 2008. He is also a member of the Nomination Committee and a non-executive director of Nedbank Group Limited, Nedbank Limited and Old Mutual Life Assurance Company (South Africa) Limited.  Mr Roberts joined Old Mutual in August 2000 as group finance director, moving on to become CEO of Skandia following its purchase by Old Mutual in February 2006. Prior to joining Old Mutual, he was group finance director of Sun Life & Provincial Holdings plc and, before that, chief financial officer of Aon UK Holdings Limited.

Cristina Stenbeck

Cristina Stenbeck

Executive Chairman / Chairman
Investment AB Kinnevik / Millicom International Cellular

Cristina Stenbeck is the executive chairman of Kinnevik. Ms Stenbeck began her career within the Kinnevik group in 1997 when she joined the board of Invik & Co, its financial services company. Ms Stenbeck became vice chairman of Investment AB Kinnevik in 2003 and chairman in 2007. In addition to leading Kinnevik, Ms Stenbeck is also chairman of Millicom, the digital lifestyle company operating in Africa and Latin America and chairman of Zalando SE, the leading European fashion and accessories e-commerce company. Ms Stenbeck also chairs the Nomination committees of CDon Group, Investment AB Kinnevik, Millicom International Cellular SA, Modern Times Group AB, Tele2 AB and Zalando SE, which spearhead the recruitment of new directors for each of these companies' boards.

Ms Stenbeck graduated with a B.Sc. from Georgetown University in Washington DC, USA. She has a US and Swedish citizenship.

Ashish J. Thakkar

Ashish J. Thakkar

Mara Group

Ashish J Thakkar is a serial entrepreneur who founded his first business in 1996 at the age of 15 with a $5,000 loan. Since then, he has driven the growth of the company from a small IT business in Uganda to the globally recognised multi-sector investment group that exists today. Through its investments, Mara Group now employs over 10,000 people across 22 African countries in sectors spanning technology, financial services, manufacturing, real estate and agriculture.  Mr Thakkar continues to drive the business development and strategy of Mara. In 2012, he was appointed a Young Global Leader by the World Economic Forum (WEF) in recognition of his success and leadership in driving social and economic change in Africa. Mr Thakkar is also a member of the World Economic Forum’s Global Agenda Council on Africa and was recently awarded ‘Young Entrepreneur of the Year’ at the World Entrepreneurship Forum in Singapore. Mr Thakkar also advises several heads of state in Sub-Saharan Africa, and sits on Dell’s Global Advisory Board and the Board of the Africa Center in NYC.  Mr Thakkar is passionate about enabling, empowering and inspiring young male and female entrepreneurs. Consequently, in 2009, he founded Mara Foundation to foster and support emerging entrepreneurs through mentorship and venture philanthropy.

Tidjane Thiam

Tidjane Thiam

Chief Executive Officer
Credit Suisse Group AG

Tidjane Thiam is the CEO of Credit Suisse Group since July 1st 2015. Born in Côte d'Ivoire, he was raised and educated in France (Ecole Polytechnique, Ecole Nationale Supérieure des Mines de Paris) and also holds an MBA from INSEAD. After several years at McKinsey & Company in Paris and New York, he worked for the government of Côte d'Ivoire, where his final post was as Minister of Planning and Development, before returning to McKinsey & Co. in Paris as a partner. 

From 2002 until 2008 Mr Thiam had leading roles at Aviva insurance company, prior to joining Prudential as their CFO. In 2009, he became Prudential's CEO. Mr Thiam speaks English, French, and German, and is a dual citizen of France and Côte d'Ivoire.

Wale  Tinubu

Wale Tinubu

Group Chief Executive Officer
Oando Plc

Wale Tinubu is the Group Chief Executive of Oando PLC, Africa’s leading indigenous energy solutions provider listed on the Nigerian and Johannesburg Stock Exchange. 

In June 2015, Mr Tinubu was named ‘Entrepreneur of the Year’ West Africa by Ernst & Young on the basis of his contributions to the development of the African Oil and Gas industry. His entrepreneurial achievements also led to his induction into the Ernst & Young’s World Entrepreneur of the Year Academy.

In 2014, under his leadership Oando PLC successfully concluded the US$1.5 billion acquisition of ConocoPhillips Nigeria business, a first for a Nigerian indigenous company transforming the company into the country’s largest indigenous oil and gas producer with an estimated output of 55,000 boepd.

In 2011, he was awarded the ‘African Business Leader of the Year’ by Africa Investor and in 2007, he was named a Global Young Leader by the World Economic Forum, Geneva, in recognition of his achievements as one of the leading executives under 41.

Herbert Wigwe

Herbert Wigwe

Access Bank

Herbert Wigwe is the CEO of Access Bank, one of Nigeria’s top five banking institutions with subsidiaries across sub-Saharan Africa and the United Kingdom. Following a more than 25 year career in financial services including over a decade as deputy managing director, Mr Wigwe was appointed CEO and group managing director in January this year. He is leading the bank on a journey to become the world’s most respected African bank.

Mr Wigwe began his career at Coopers & Lybrand, Lagos as a management consultant before joining Guaranty Trust Bank (now GT Bank) where he pioneered industry defining products and initiatives in oil and gas, telecommunications and construction.

In 2002, Mr Wigwe and his business partner saw a unique opportunity to transform the Nigerian banking sector and led a group of investors to acquire what was then a small commercial bank, Access Bank. In just 12 years Access Bank has been transformed from the 65th largest of the 89 banks in the country to become one of Nigeria’s four largest banks serving over 7m individual and corporate account holders, through 350 branches and with more than 1,500 ATMs in major centres across Nigeria, Sub-Saharan Africa and the UK. Mr Wigwe and the management of Access Bank provided industry leadership in ensuring the stability of the banking sector and the Nigerian economy in 2009 when most of the world’s strongest economies went into recession. The bank continues to provide innovative products and offerings which have strengthened its positioning and perception as a customer-centric institution while meeting the need to extend banking services to a greater proportion of the Nigerian population.

Mr Wigwe, who serves on boards of several organisations, including as the chairman of Access Bank (UK) Ltd and Access Bank (Ghana) Ltd, is acknowledged for his defining role on the Board of Friends Africa, an adjunct of the Global Fund committed to galvanizing African governments, the private sector, and civil society for the purpose of bringing about sustainable and effective methods of addressing AIDS, TB and malaria in Africa. He is a sustainability champion with personal commitment to a number of orphanages and motherless babies’ homes. His foundation also offers scholarship to indigent students in tertiary institutions across the country and has renovated and adopted schools for the purpose of inclusive education.

Mr Wigwe is a Fellow of the Institute of Chartered Accountants of Nigeria and holds a degree in Accountancy from the University of Nigeria. He also holds an MA in Banking and Finance from the University College of North Wales (now Bangor) and an MSc in Financial Economics from the University of London respectively. He is an alumnus of the Harvard Business School Executive Management Programme and attended Advanced Management programmes at IMD Laussane, Switzerland.


Agenda - 5th Oct

  • 6:30pm
    Welcome Reception

Agenda - 6th Oct

  • 8:00am
  • 9:00am
    Opening Keynote Address

    Donald Kaberuka, President, African Development Bank

  • 9:30am
    Panel: The Scramble for Africa

    Over the last five years Africa has become a hot destination for investors around the world. From an initial emphasis on oil and gas, they have diversified into consumer industries and financial services. This year the African Development Bank estimates that Africa will receive a record of $84bn in foreign inflows, surpassing the record set in 2012. Portfolio flows, which include equity and bond investments, will also rise to $24.1bn. As recently as 2001-3, Africa was registering negative portfolio flows as investors withdrew money.

    Not only have foreign investors turned to Africa – African investors are also pouring record amounts into the continent, often beyond their national boundaries. The trend has given rise to what some describe as “Africa Direct Investment” as opposed to “Foreign Direct Investment”. But foreign investors are playing a large role, from state-owned funds such as CIC of China and Temasek of Singapore to private equity groups, including KKR and The Carlyle Group, to institutional investors such as Aberdeen and Investec.

    Tony Elumelu, Chairman, Heirs Holdings Limited
    Joseph Makoju, Honorary Advisor to the President, Chief Executive, Dangote Group
    Strive Masiyiwa, Chairman and Founder, Econet Wireless
    Bernard Mensah, Managing Director, Global Head of Emerging Markets Trading, Bank of America Merrill Lynch
    Cristina Stenbeck, Executive Chairman, Investment AB Kinnevik; Chairman, Millicom International Cellular
    Tidjane Thiam, CEO, Prudential

    Moderator: Javier Blas, Africa Editor, Financial Times

  • 10:30am
  • 11:00am
    Panel: The Elephant in the Room - Risk, Security & Politics

    Africa has enjoyed a period of political and security stability over the last 10-20 years – in part due to the end of the Cold War, but also due to the return of democracy in key countries in the region, notably Nigeria and South Africa. By and large, the military nowadays remains in the barracks, leaving politicians to govern and fight elections. Term limits have seen some political transitions and corruption has declined.

    And yet, violence is making a return, with conflicts in countries including Mali, South Sudan, Central African Republic and Somalia, and Islamist terrorist groups causing havoc in Kenya, Nigeria, Cameroon and Chad. Government term limits are being tested, with some heads of state seeking to re-write their constitutions to remain in power beyond the original two terms. Weak infrastructure, notably in health, is jeopardising the fight against disease: from Ebola to malaria. African economies – and foreign investors – are no longer enjoying the “peace dividend” of the 2000s.

    Security and politics is the elephant in the room – no one talks about it, but everyone knows that it could derail the positive narrative of Africa rising. Should African businesspeople and foreign investors be alarmed or should they put the problems into perspective? After all, India, China, Colombia, Mexico and Thailand have enjoyed an economic transformation in spite of security problems at home.

    Nick Allan, CEO, Europe & Africa, Control Risks
    Arnold Ekpe, Honorary President, Business Council for Africa
    Katrina Manson, East Africa Bureau Chief, Financial Times

    Moderator: Alec Russell, News Editor, Financial Times

  • 12:00pm
    The African CEO Debate

    The Africa-born chief executives of some of the world’s largest companies discuss the outlook for the region – and how the region sees the world. These CEOs represent some of the hottest sectors in Africa: natural resources, banking and financial services, telecoms and consumer goods. Combined, their companies had revenues of $300bn – that is equal to the combined GDP of Angola, Ethiopia, Kenya, Ghana, Tanzania, Uganda and Zambia.

    R S Dabengwa, Group President & CEO, MTN Group
    Ivan Glasenberg, CEO, Glencore
    Vimal Shah, CEO, Bidco
    Wale Tinubu, CEO, Oando
    Herbert Wigwe, CEO, Access Bank

    Moderator: Lionel Barber, Editor, Financial Times

  • 1:00pm
  • 2:30pm
    View from the Top with Lionel Barber, FT Editor

    Ngozi Okonjo-Iweala, Co-ordinating Minister for the Economy and Minister of Finance, Federal Ministry of Finance, Nigeria

  • 3:15pm
    Panel: Focus Nigeria

    Nigeria overtook South Africa earlier this year to become Africa’s largest economy and 26th largest in the world after the government released updated figures that nearly doubled estimates for gross domestic product. Already the most populous nation in Africa, and home to one of the most vibrant megalopolis – Lagos, Nigeria is today a focus of foreign investment into natural resources, consumers goods and financial services, attracting companies such as Nestlé, Heineken, SABMiller, Unilever, Procter & Gamble, Nissan and General Electric.
    And yet, the country is also a source of instability, from the jihadi group Boko Haram that is terrorising the north-east to endemic oil theft in the Niger Delta. The two sides – the vibrant economy and the violence-hit country – present a conundrum to investors, who need to decide what is the future of a 175m people nation with a GDP already surpassing the $500bn mark. A key question for many investors is the politics of the country, as the political discourse becomes increasingly polarised along religious and ethnic lines in the run-up to 2015 elections, when the ruling People’s Democratic party potentially faces the most organised challenge since the military handed power back to civilians in 1999.

    Austin Avuru, CEO, Seplat
    Rilwan N Belo-Osagie, Managing Director, FSDH Merchant Bank
    Yvonne Ike, Head of Coverage, Sub-Saharan Africa (EX-RSA), Bank of America Merrill Lynch
    Phillip Ihenacho, CEO, Seven Energy
    Henry Obi, COO, Helios Investment Partners
    Arunma Oteh, Director General, Securities and Exchange Commission, Nigeria; Chair of the Africa, Middle East Regional Committee, IOSCO

    Moderator: Vera Kwakofi, Current Affairs Editor, BBC Global News Division

  • 4:15pm
    Panel: Africa Banking & Finance

    Africa is home to the world's largest number of unbanked people – precise numbers are hard to quantify, but according to some estimates nearly half of the 1bn population does not own a bank account, and as little as 5-10% use a credit or debit card. The opportunity is similar, if not bigger, in insurance and asset management, including pension funds. Equally in money transfers, both regional and international, as the diaspora plays a key role in the continent's development. The combination of a large share of the population unbanked and a relatively strong growth offers a rare opportunity to local and foreign groups to profit. But challenges abound, from weak regulation to the lack of basic instruments such as identity cards or credit rating bureaus.

    And yet, global and local groups are convinced that Africa could offer the next big source of growth, after Latin America and Asia Pacific. Different institutions are trying different models, from the pan-African strategy, to a hub strategy around the biggest economies. Investment banks also smell the opportunities, as more companies engage in merger and acquisitions and the local equity and bond markets boom.

    Tutu Agyare, Managing Partner, Nubuke Investments LLP
    Ismail Douiri, Co-CEO, Attijariwafa Bank
    Abdirashid Duale, CEO, Dahabshiil Group
    Albert Essien, Group Chief Executive Officer, Ecobank Group
    Julian Roberts, Group Chief Executive, Old Mutual plc

    Moderator: William Wallis, African Affairs Writer, Financial Times

  • 5:15pm
    Close of Summit

    Break - opportunity to have business meetings arranged

  • 6:45pm
    Summit Reception
  • 7:45pm
    Summit Gala Dinner and Keynote Address

    Guest speaker: Ashish Thakkar, Founder, Atlas Mara


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Organisers (1)

The Financial Times is one of the world’s leading business news organisations, recognised internationally for its authority, integrity and accuracy. The FT has a record paying readership of one million, three-quarters of which are digital subscriptions. It is part of Nikkei Inc., which provides a broad range of information, news and services for the global business community.

Platinum Sponsor (1)

Bank of America is one of the world's leading financial institutions, serving individual consumers, small and middle-market businesses and large corporations with a full range of banking, investing, asset management and other financial and risk management products and services. The company provides unmatched convenience in the United States, serving approximately 48 million consumer and small business relationships with approximately 4,800 retail financial centers, approximately 16,000 ATMs, and award-winning online banking with 31 million active users and approximately 18 million mobile users. Bank of America is among the world's leading wealth management companies and is a global leader in corporate and investment banking and trading across a broad range of asset classes, serving corporations, governments, institutions and individuals around the world. Bank of America offers industry-leading support to approximately 3 million small business owners through a suite of innovative, easy-to-use online products and services. The company serves clients through operations in all 50 states, the District of Columbia, the U.S. Virgin Islands, Puerto Rico and more than 35 countries. Bank of America Corporation stock (NYSE: BAC) is listed on the New York Stock Exchange.

Gold Sponsor (1)

Old Mutual plc provides investment, savings, insurance and banking services to more than 16 million customers in Africa, the Americas, Asia and Europe. Old Mutual was founded in South Africa in 1845 and has been listed on the London, Johannesburg, Malawian, Namibian and Zimbabwean stock exchanges since 1999. As at 30th June 2014, the Group had £300.5 billion of funds under management.

On the African continent, Old Mutual serves approximately 14 million customers and employs 50,000 people in its businesses in Botswana, Ghana, Kenya, Malawi, Namibia, Nigeria, South Africa, Swaziland and Zimbabwe.

Silver Sponsor (1)

Incorporated in Lomé, Togo, Ecobank Transnational Incorporated (‘ETI’) is the parent company of the leading independent pan-African banking group, Ecobank. It currently has a presence in 36 African countries, namely: Angola, Benin, Burkina Faso, Burundi, Cameroon, Cape Verde, Central African Republic, Chad, Congo (Brazzaville), Congo (Democratic Republic), Côte d’Ivoire, Equatorial Guinea, Ethiopia, Gabon, Gambia, Ghana, Guinea, Guinea-Bissau, Kenya, Liberia, Malawi, Mali, Mozambique, Niger, Nigeria, Rwanda, Sao Tome and Principe, Senegal, Sierra Leone, South Africa, South Sudan, Tanzania, Togo, Uganda, Zambia and Zimbabwe.

The Group is also represented in France through its affiliate EBI SA in Paris. ETI also has representative offices in Dubai, London, and Beijing. ETI is listed on the stock exchanges in Lagos, Accra and the BRVM in Abidjan. Ecobank has more than 600,000 local/international institutional and individual shareholders. The Group employs over 19,000 people in 40 different countries in over 1,280 branches and offices.

Ecobank is a full-service bank providing wholesale, retail, investment and transaction banking services and products to governments, financial institutions, multinationals, international organisations, medium, small and micro- businesses and individuals.

Bronze Sponsor (1)

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