President Paul Kagame is scheduled to share Rwanda’s economic success story, later today at Everest Capital Emerging Markets Forum in Miami, United States.
The Forum attracted over 200 participants, including investors managing funds for some of the world’s largest public and private pension, hedge and sovereign funds.
Everest Capital, an investment manager that has been investing in emerging markets since 1990, is hosting the fourth Everest Capital Emerging Markets Forum, building on the success of the past three events.
The former US Secretary of State, Condoleezza Rice, and Everest Capital Founder and Chief Investment Officer Mark Dimitrijevic welcomed President Kagame to the three-day meeting that kicked off yesterday.
On the session dubbed: “An African Success Story,” President Kagame's keynote address will mark the opening of the ‘focus on Africa session’ and will be followed by a moderated discussion with Condoleezza Rice.
The focus on Africa session will also include presentations from Dambisa Moyo, a Zambian, international economist and Dr. Jendayi Frazer, the former U.S. Assistant Secretary of State for African Affairs.
Speaking on the need for investors to look at emerging markets as more profitable than developed markets, Dimitrijevic said: “the criteria people use to differentiate historically emerging markets from developed markets are disappearing.
“Last year, emerging markets stocks were less volatile than European stocks. Investors look at opportunities market by market. Earnings in emerging markets’ countries are growing faster because GDP in emerging countries is growing faster.”
The meeting’s discussions will dwell on the rise of emerging markets and will explore the increasing investment opportunities in the emerging regions of Latin America, Africa and Asia Pacific.
Everest Capital is an independent investment management firm founded in 1990 with over $2 billion in assets under management.
The firm is dedicated to global, emerging markets, Asian and frontier markets investing.
Everest Capital forum past keynote speakers have included General Colin Powell, President of Poland Aleksander Kwasniewski, Chairman of Bank of Kigali Lado Gurgenidze, Russian Deputy Prime Minister Sergey Ivanov and most recently President Álvaro Uribe of Colombia.