INVESTMENT IN POWER TO DOMINATE TALKS AT STANBIC IBTC CONFERENCE

Growth and investment prospects in Nigeria's power sector will dominate discussions at the 2012 Stanbic IBTC Investors Conference holding in Ghana and Lagos between Febuary 18 and 23.

The Managing Director of Stanbic IBTC Holdings, Mrs. Sola David-Borha, who disclosed this in Lagos at the weekend, said that the Chairman of the Subsidy Reinvestment and Empowerment Programme committee, Dr. Christopher Kolade, is billed to address investors on the state of power sector in the country.

According to her, the conference which is the 4th edition, would link up investors to both corporate organisations and the regulators in West Africa.

She explained that the conference has recorded success so far as it enables the investors to identify opportunities in various capital markets.

The Chief Executive Officer of Stanbic IBTC Stockbrokers, Mr. Oladele Sotubo, said that the Ghana Finance Minister is going to declare the conference open and that about 10 corporate investors will address the gathering.

He added that the chairman of the bank, Mr. Atedo Peterside is expected to also address investors on the power reform, considering his role in the sector.

Sotubo pointed out that the conference is an opportunity for investors to have information on the companies they want to invest their funds.

The Head, Global Market Sales, Mr. Oyewale Akeem, noted that the conference will give investors value for their investment, as West African stock markets are moving towards integration.

He said, 'The conference will give a lot of investors the opportunity to visit both countries and we shall allow them to have access to regulators on investments in both markets.'

Akeem added that over 40 investors have signed up for the conference and 50 different companies from Europe, Asia, America and Africa have shown interest in the conference.