Jersey and Africa: an increasingly diverse partnership

*This content is brought to you by Jersey Finance

Jersey Finance is returning to South Africa this October to host a series of events that build on the jurisdiction’s reputation for delivering high quality private wealth services and reflect a growing interest in Jersey’s capabilities in the funds and capital markets space, as well as its role in facilitating foreign direct investment.

Taking place in Johannesburg on Tuesday 30 October 2018 and in Cape Town on Wednesday 31 October 2018, the events are designed to demonstrate Jersey’s well-established, positive business ties with Africa and to explore how the jurisdiction is helping the continent on a path to future prosperity in increasingly diverse ways.

Already regarded as a jurisdiction of choice by African investors for its range of private wealth management services, Jersey continues to work extensively with high net worth families to internationalise their wealth, providing solutions for their current and future needs.

Jersey’s ability to offer certainty, stability and substance are vital ingredients when it comes to African investors consistently selecting Jersey to support them with their cross-border investment, wealth structuring and succession planning.

The Island’s firm foundation of political and economic stability, combined with its forward-thinking approach and comprehensive legal and regulatory framework, have long given Jersey the international pedigree to appeal to investors throughout the African continent.

Now, those same ingredients are deepening Jersey’s relationship with Africa and helping it to diversify the range of services it can provide to African investors and investors looking to invest into Africa too.

Emerging dynamics

With the IMF pointing to the fact that economic growth in Africa could accelerate to 3.5% this year, with nearly a third of African economies growing by around 5%, it’s clear that the continent’s potential is significant.

Powered by this economic growth and supported by some significant digital innovation and technological disruption, African investors are taking an increasingly global view. As a result, Jersey is seeing increasing opportunity in supporting outbound investment into new regions, markets and sectors – philanthropy, impact investing and alternative assets are cases in point.

At the same time, foreign direct investment (FDI) remains vital to Africa’s future.

Back in 2014, Jersey Finance published an independent study entitled ‘Jersey’s Value to Africa’, which found that over the next 30 years Africa would need to invest $85 trillion in infrastructure to support its growing population. With current levels of investment not sufficient to meet that requirement, it’s estimated that US$6.1 trillion will need to come from outside the continent through FDI. International finance centres (IFCs) like Jersey will be vital in sourcing that overseas capital to ensure Africa can achieve its future aspirations.

These emerging dynamics will form the focus of Jersey Finance’s events this November. Led by Geoff Cook, Chief Executive, and Allan Wood, Business Development Director, Jersey Finance, the half-day events will each feature two panel sessions with leading industry experts from Jersey and Africa.

The first session will explore how the global political landscape has continued to change over the past year and how the sustained roll-out of international regulatory initiatives has made the wealth management landscape more complex than ever. By looking at South Africa’s sophisticated tax environment, panellists will also discuss measures introduced to improve the efficiency of tax collection and reflect on the concept of governance for organisations, professionals and wealth creators.

In addition, a second session will explore Jersey’s role in bridging Africa’s investment gap, explaining what Jersey has to offer both African clients and those looking to do business on the continent. By highlighting Jersey’s fund structuring capabilities, panellists will provide insights into capital raising and accessing pools of capital in key investor markets, such as London.

As Africa evolves, it’s clear that Jersey has the right expertise and regulatory framework to work with gatekeepers to support high-quality inbound FDI and act as an investment gateway to the UK and Europe for African institutional and private investors.

These thought-provoking events will highlight these points, whilst also providing plenty of opportunities to network. They are set to attract a broad range of professionals from across the local advisory community, including wealth practitioners, lawyers, investment managers and other finance professionals.

Further details about the events, including the full programme and list of speakers and panellists, are available here.

#JFLAfrica

#JerseyInAfrica

#JerseyVTA

#JFLPrivateWealth

#JFLFunds

Jersey is one of the world’s leading international finance centres (IFCs). Its forward-thinking approach, robust regulatory framework and political and economic stability have kept the jurisdiction at the forefront of global finance for more than 50 years.

Jersey Finance’s primary focus is to proactively communicate the many factors that set Jersey apart as a leading IFC across our key target markets of the UK, Europe, Greater China, Africa, the GGG, and North America. Jersey Finance has offices in Jersey, Dubai, Hong Kong, representation in London, and a virtual office in Mumbai and Shanghai.

For more information, please visit www.jerseyfinance.je