Posts Tagged “CI Capital”

SuperReturn Africa 2010 - A full news roundup

December 6, 2020

SuperReturn Africa 2010 drew to a close last week and we would like to thank all the delegates, speakers and sponsors for making the conference a very successful and hugely enjoyable event.

In addition to the coverage of the event, we’ve gathered the leading articles and commentary from business news websites to give you a comprehensive review of big industry issues tackled this year.

A Twitter roundup

@SuperReturn: Badreldin: 300-400 HNWI & families been “doing the tour” investing Asia/Latam. #MENA must capitalize group’s next investing spree. #sraf10

@SuperReturnKate: Room absolutely full at SuperReturn Africa for Egypt Summit. Clearly a great deal of interest in the country

@SuperReturnKate: Egypt; there is something in it for everyone says Mark Rorison of CI Capital at SuperReturn Africa, Cairo

@SuperReturnKate: Many investors planning on investing in Egypt in next 2 years. Show of hands at SuperReturn Africa Egypt Summit #SRAF10

@DailyNewsEgypt: SuperReturn Africa highlights investment opportunities in Egypt

@SuperReturn: Our key markets in the region are Turkey, Egypt and Saudi; Hassan El-Khatib of The Carlyle Group speaking at SuperReturn Africa #sraf10

@SuperReturn: Mansour Kelada Antoun of Vantage Capital compares Egypt and S. Africa at SuperReturn Africa. What parallels are there for investment #sraf10

@SuperReturnKate: Asian investors looking at Egypt as a route into Africa from Egyptian platform. Karim Helal speaking at SuperReturn Africa #sraf10

@AhramEgyptDaily: Private equity competition rife in region:Speaking @ #SuperReturn #Africa — a private equity & venture ca #Egypt

@SuperReturnKate: SuperReturn africa kicks off with 200 delegates from Africa, Europe, Asia, Middle East and US #sraf10

@Cairo_News: Citadel Capital hosts inaugural SuperReturn Africa conference in Cairo

@SuperReturn: Journalists report on traffic accidents and not traffic says Richard Dowden, Africa Society at SuperReturn Africa #sraf10

@SuperReturnKate: Citadel Capital creating transport corridor between Cairo and Mombasa detailed by Ahmed Heikel. Fascinating project - wish them well #sraf10

@SuperReturnKate: What changed Africa? Number one was China. Economically very good for Africa, says Richard Dowden #sraf10

@SuperReturn: Chinese can take the heat. Africa is no problem for them according to Richard Dowden #sraf10

@SuperReturnKate: Number 2 agent for change the mobile phone says Richard Dowden #sraf10

@SuperReturnKate: If you don’t get in now you will regret it says Richard Dowden at SuperReturn Africa #sraf10

@SuperReturn: Ecobank is a bet on Africa says Arnold Ekpe at SuperReturn Africa #sraf10

@SuperReturnKate: Citadel Capital drinks reception at SuperReturn absolutely beautiful on roof of hotel overlooking Nile. After parties also rocking #sraf10

@SuperReturnKate: Bob Geldof to speak today at SuperReturn Africa - we are all excited and star struck #sraf10

@SuperReturn: Financial crisis less severe in South Africa than US Europe says Colin Rezek of Vantage Capital at SuperReturn Africa #sraf10

@SuperReturn: There are several funds of funds here at this conference which is a good sign says Barbara Brereton, OPIC at SuperReturn Africa #sraf10

@SuperReturnKate: Sarah Yang of China Development Bank now speaking at SuperReturn Africa in Cairo #sraf10

@SuperReturn: We need your help in finding projects says Sarah Yang of China Development Bank speaking at SuperReturn Africa #sraf10

@SuperReturn: It is a myth that we are not getting good returns from developed market private equity says Janusz Heath of Capital Dynamics #sraf10

@SuperReturnKate: It is pressure from our investors that is making us invest in Africa. They are asking us about it says Pat Dinneen Siguler Guff #sraf10

@SuperReturnKate: International LP panel say they are here to gather information. Definitely come to the right place SuperReturn Africa #sraf10

@SuperReturn: Shopping malls are really good for development; Jean Marc Savi de Tove CDC Group speaking at SuperReturn Africa #sraf10

@SuperReturnKate: Sir Bob Geldof giving an inspirational speech at SuperReturn Africa #sraf10

@SuperReturnKate: Makes conference attendees realise that what they are doing is phenomenally important #sraf10

@SuperReturn: SuperReturn Africa wraps up 3 days of truly inspirational discussion. If you are not in Africa yet, you should be. We are! #sraf10

@SuperReturnKate: Off with conference team for night out in Cairo. Delegates have been very helpful with top tips of places to go. #sraf10

@SuperReturnKate: Fog in Cairo has been pretty bad the last couple of days. Hope we make it out. What about snow in Heathrow? Yikes! #sraf10

@SuperReturnKate: May be here longer than anticipated. Time for a camel ride methinks? #sraf10

Press Coverage

Citadel Capital - Citadel Capital Hosts the Inaugural SuperReturn Africa — A Landmark Event on the Continent’s Private Investment Outlook

Citadel Capital (CCAP.CA on the Egyptian Stock Exchange), the leading private equity firm in the Middle East and Africa, is lead sponsor of the inaugural SuperReturn Africa conference in Cairo this week. The three day event taking place from 29 November to 1st December 2010 at the Fairmont Nile City is a response to rapidly rising global interest in investment opportunities driven by robust long-term growth expectations for the continent.

“It is imperative that investors look beyond past perceptions to realize that today’s economic reality is fundamentally different than any in memory. The world economy is witnessing a fundamental structural shift toward the developing world,” said Ahmed Heikal, Chairman and Founder of Citadel Capital, in opening remarks. (More here).

The Daily News Egypt - SuperReturn Africa: Private equity conference debuts in Egypt

CAIRO: Expectations are high for the first SuperReturn Africa conference, which kicks off Nov. 29 and goes through Dec. 1 in Cairo. The three-day event, to be held at the Fairmont Nile City hotel, will begin with opening remarks by the chairman of private equity firm Citadel Capital and will focus on state of play and potential for private equity and venture capital.

Representatives from Citadel Capital, CI Capital, the African Development Bank, the International Finance Corporation and many more will be on hand to offer industry insight. (More here).

The Daily News Egypt- SuperReturn Africa highlights investment opportunities in Egypt

CAIRO: “Private equity opportunities are tremendous,” Abdalla ElEbiary, Citadel Capital managing director, said at the SuperReturn African 2010 conference. The three-day private equity and venture capital conference, which opened Monday, is taking place in Africa for the first time.

ElEbiary noted that the Egyptian government has been diminishing its role in providing goods, while demand for them as well as services has been expanding due to a burgeoning population, which is maturing as a consumer, as well. (More here).

Middle East Newswire - SuperReturn Africa 2010 Conference Emphasizes Egyptian Investment Opportunities

On Monday, the three-day private equity and venture capital conference opened Monday, for its first time in Africa. Abdalla ElEbiary, Citadel Capital managing director, said that “Private equity opportunities are tremendous” in Egypt.

Ahmed Badreldin, executive director of Abraaj Capital, said that his company is investing in the healthcare industry.  Abraaj already owns a 50 percent share in a Turkish hospital group. (More here).

The Daily News Egypt - CI Capital’s Karim Helal on emerging markets’ private equity allure

‘…Helal’s firm, amongst others, is sponsoring the upcoming SuperReturn Africa conference, a private equity and venture capital focused event, from Nov. 29 to Dec. 1 in Cairo. The organizers, Helal said, wanted an Africa-focused conference because the continent is considered the “last consumer frontier.”

Seeking to capitalize on an opportunity, Helal helped lure the conference to Egypt rather than Johannesburg, South Africa as was initially intended, noting that via his connections to the event’s organizers, he was able to persuade them of Egypt’s key significance to the rest of the continent’s economy. (More here).

The Daily News Egypt - Private equity competition rife in the region

The private equity market is growing too fast, there is only so much ‘sand in the box,’ and there is more competition than before in the market,” Karim Sadek, managing director of Citadel Capital, said Tuesday.

Speaking at the SuperReturn Africa — a private equity and venture capital conference taking place for the first time in Egypt — Sadek added that “it will take time for people to get used to investing” on the continent. (More here).

Post Under: General

Emerging Markets: Linchpin for world’s recovery?

November 25, 2020

Karim Helal will be speaking at SuperReturn Africa 2010

In an interview for Daily News Egypt, Mr Karim Helal, Group CEO of CI Capital Holding, said that Egypt needs solid investors with a long-term view which is why CI Capital is looking to the East.   

“The whole world is talking about emerging markets and how they are the linchpin for the world’s recovery,” Karim Helal, group CEO of CI Capital Holding, the investment banking arm of Commercial International Bank, said. As to whether these burgeoning economies will fulfill that promise, Helal said, “Emerging markets will play a major role, but we need to manage expectations.”    

 ”I don’t think it is right for the OECD [Organization for Economic Cooperation and Development] to hang their hopes of survival on emerging markets; they need to fix their own house. They caused this disaster, and we are back to the old habits of poor banking practices,” he added.   

Asked whether the obsession with emerging markets will wane once advanced countries get their economic houses in order, Helal indicated that herein lies the problem: “We have seen that Western investors blow hot and cold.” Egypt needs solid investors with a long-term view, he affirmed. “This is part of the reason that CI Capital took the initiative of looking Eastward and reaching out to promote Egyptian opportunities to Asian investors,” he noted.   

Owing to their culture, their mindset is different: “They aren’t hit-and-run investors nor are they looking for ridiculous returns, but instead reasonable, sustainable ones,” he said. Working in Asia for many years allowed him to have a firm grasp of the culture.   

As investors, he described Asians as “information addicts, they want to understand everything about the market in which they are planning to invest, and once they do, the floodgates open.” (Continues here)   

… For his part, one of the key reasons to hold the SuperReturn Africa conference is to “deepen the level of knowledge and awareness” about the continent, which is all too often lumped under one label, much in the same way one cannot not equate France or England with Europe as a whole, for example.   

 Africa is a geographic entity with “different or opposing dynamics…and the challenges of doing business will vary from country to country.” Thus, the conference will help identify these issues for investors eyeing the continent.   

To read the article please click here.   

Karim Helal will address the SuperReturn Africa  Opportunities in Egypt Summit on Monday 29th November at 14:20 on ‘The New Silk Route. The rising importance of trade and capital links between Egypt and Asia.’ He will also moderate an expert panel debate on Tuesday 30th November at 12:30,  discussing, ‘Egypt and Beyond. Benefitting from the COMESA free trade agreement to expand Egypt-based platforms into the Nile Basin and East Africa.’

Post Under: Africa

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