Renmoney eyes Nigeria’s future market growth

Renmoney has reaffirmed its focus on the next market development in Nigeria. The company made this announcement during a recent conference in Lagos called “Going Long on Africa,” which was held to discuss the experience and prospects of investors in Africa with partners, regulators, and industry leaders.

Stephen Jennings, the company’s founder, and chairman reiterated the company’s long-term commitment to Africa and Nigeria.

“Through Rendeavour, Renmoney, and my previous business, Renaissance Capital, we have been here for 15 years in a very big way. We are emerging market pioneers and we typically bring a level of commitment and staying power in terms of people, capital, tenacity, balance sheet, and financing capabilities that are unique and that few foreign investors can match,” he said.

During a panel discussion, Jennings stated that the business was enthusiastic about the Nigerian market’s upcoming development stage.

READ MORE: Stanbic IBTC Upgrades Short-Term Loan for Healthcare

“In emerging markets, the long-term winners are normally determined during more challenging times. And while it is challenging in Nigeria today, we simply believe that the entire world is ultimately on a very similar development path; the only difference is the timing. So overall, Nigeria ticks a lot of boxes for us as we see in the future what we have seen before here – a burst of rapid growth,” he explained.

Apekhade Idogho, Renmoney’s Executive Director, said Renmoney “will remain focused on delivering innovative, useful financial solutions for Nigerians.”