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OPENING STATEMENT BY THE Director General/CEO Welcome and thank you for taking the time to come and join us to discuss Investment opportunities in Africa We welcome guests from all over the United Kingdom, Germany, France, Belgium as well as from Different parts of Africa. I would like to Thank the Deputy Minster for Trade of Tanzania for finding the time to join us today. I would like to congratulate you all for taking the first step to come and learn and understand the African Investment climate and how it can work for you. The African Stock Exchanges There are eighteen Securities exchanges in Africa, of which sixteen of them are members of the African Stock Exchanges Association We are talking to Africans in the Diaspora today because we believe that you are a very important part of our future. We want to diversify the profile of our investors and we believe that the Diaspora community must be better represented. We have been holding International road shows in an effort to involve you in our markets. Our Road Shows have been very successful and we are hearing of true life mega bucks stories of Africans like you who have invested in our markets and have made bumper returns on investment. The next story could be yours. Investing your money We don’t want you to send us all your money, just invest a little in your country and get the benefits. We are not asking for charity, this is real investment providing you with real returns as some of the speakers will point out to you today. When Investing at home you need structures to monitor your investment, you need institutions to protect your investment, you need security to ensure that you will enjoy the benefits of investing. That is what the African Stock Exchanges are offering you. WHY Invest in Africa Why not, Our markets are posting returns of 98%, returns of 200% are not uncommon in some securities. In addition returns in western markets are very slim and some times they do not even out perform inflation. We are trying to build a new Africa and for us in Nigeria A NEW NATION, Nigeria and we believe we must work together to mobilize our wealth where ever that wealth is. We are already working on mobilizing the local wealth by encouraging savings, instituting Pension Reform, and re-energizing the IPO market, to provide greater access to funds for our entrepreneurs. The next step is to mobilize you, the Diaspora population. THE Nigerian Delegation We have come with a strong delegation of stock brokers, investment bankers, capital market lawyers, accountants etc. Talk to the our brokers, build relationships, exchange numbers and start the process. Rest Assured that I will provide you with 100% protection on your money, my doors will always be open to you, and I will take personal responsibility for any money invested in our markets. Today’s event Getting almost one thousand people together to discuss the opportunities in Africa is no mean feat. Today’s success is as a direct result of a host of institutions working together….. We thank the NEPAD Business Group and the Africa Business round table for providing the diving force, We thank our selves at the Nigerian Stock Exchange and the African Stock Exchanges Association for providing the finance, we thank the sponsors of the different sessions reserve bank of Zimbabwe, Fist Securities Discount House, Kenya Post Office Savings Bank, Western Union, Counters Trust and IBTC. And we must thank the Africa Diaspora forum and the Common Wealth Business Council for bringing us all together. AND Finally the Esteemed Mayor of London who hosted our welcome reception at Cit Hall yesterday we thank you very much for putting African Investment on the menu. Other Partners The Media Partners BEN TV, OBE TV, African Business and Business Day Afford, Nigeria In Diaspora Organization Europe, KENA CLUB, GEAT LAKES IMPACT And all the various groups who have helped to mobilize their members, I THANK you, you are indeed working for your selves as a great Africa is good for all of us. Thank you, I declare the Africa Diaspora investment forum OPEN.