The American multinational investment bank, JPMorgan Chase & Co, has confirmed its plans for expansion in Africa, as it sees the appetites of international investors in the history of African growth.
Currently, the New York-based bank has offices in South Africa and Nigeria.
It is about subcontracting in sub-Saharan Africa, since it works with companies to list their actions in London despite the uncertainty of Brexit.
"There are fast-growing companies in Africa, so we can get these OPIs," said Barry Meyers, managing director of the British capital markets of JPMorgan and the business of Sub-Saharan Africa.
"International investors are more interested and more open to the history of African growth than ever."
It is expected that there will be more offers over the next 12 months, as African companies are trying to deepen into capital funds, he said. The increase in interest occurs in the midst of an action sale of $ 3.5 billion from Airtel Africa Ltd., the third outlet on the London stock exchange for this year, and follows a roadshow for stock exchange officials from London at the beginning of the year to drive more emission.
The interests begin to shed in South Africa, where the flow of contracts has been hampered by a contracting economy. Conversations with foreign investors are becoming more frequent in an environment of greater political stability, said Kevin Latter, chief of South African operations of JPMorgan, in a separate interview in Johannesburg.
"There is a renewed interest for South African companies because they are well-managed, well managed, cheap and have a regional proximity to what will be the largest consumer growth zone in the next 20 years," he said. "Yes, the growth is low, but it is predictable that it is low."
JPMorgan has grown consistently in recent years and now has 180 regional officials, Latter said. It will continue "investing in people while we seek to grow our capacities in South Africa as well as in sub-Saharan Africa more widely."
"Our own strategy and the way we are running our own business reinforces what we believe the landscape is for other international and South African companies," Latter said.