Mr. Sores Dogan of Baldwin&Glesser are asking investors to brave on investing in Africa. Fundraising took place in multi markets has been wellcomed by many corporate investors and individual investors.
Mr. Sores Dogan who has been involved in many fund raising road shows priroly says; At the begining some investors had doubts about placing money on markets they dont really know but as they see the track record of our work priorly they are more keen to be involved.
As per todays values we have been able to secure 275M usd for our investments in Africa says Mr Sores Dogan. Fund FRONTIER-3 will be mainly investing energy and mining deals . Mr Sores Dogan also says they are willing to set up a second fund for agricultural projects which will also have a sub-fund regarding infrastructure investments .
In 5 years time our total portfolio in Africa will be 350 MWs says Mr Sores Dogan. Our principal investment of two hydro power plants which will be shovel ready in three months will be finalized in 50 months of the start date and will be connected to national grids where the projects are located.
As a conclusion Mr Sores Dogan states we believe Africa has more capacity than anywhere in the world and expecting to have double digit growth all around the continent in next 10 years. Mr Agabe Muwasbe and Mr Sores Dogan will have a press release conference in Nairobi in Februrary 20th at Crown Plaza Hotel