The company disclosed this during a recent event in Lagos tagged ‘Going Long on Africa’ to engage with partners, investors, regulators and business leaders about their experience and outlook for investing in Africa.
The Founder and Chairman of Renmoney, Mr Stephen Jennings, restated the company’s long-term focus on Africa and Nigeria. “Through Rendeavour, Renmoney and my previous business, Renaissance Capital, we have been here for 15 years in a very big way. We are emerging market pioneers and we typically bring a level of commitment and staying power in terms of people, capital, tenacity, balance sheet and financing capabilities that are unique and that few foreign investors can match,” he said.Jennings said during a panel discussion that the company was excited about the next phase of market development in Nigeria.
“In emerging markets, the long-term winners are normally determined during more challenging times. And while it is challenging in Nigeria today, we simply believe that the entire world is ultimately on a very similar development path; the only difference is the timing. So overall, Nigeria ticks a lot of boxes for us as we see in the future what we have seen before here – a burst of rapid growth,” he explained.
Apekhade Idogho, Renmoney’s Executive Director, said Renmoney “will remain focused on delivering innovative, useful financial solutions for Nigerians.”All rights reserved. This material, and other digital content on this website, may not be reproduced, published, broadcast, rewritten or redistributed in whole or in part without prior express written permission from PUNCH.