How investors can explore opportunities in 2023 – Afrinvest

Afrinvest West Africa has outlined the investment outlook for 2023 and how investors can explore the opportunities while guarding against threats expected in the New Year, which is an election period in Nigeria. Speaking during the investors’ parley in Lagos with the theme: ‘Soft or Hard Landing’, Group Managing Director, Afrinvest West Africa, Ike Chioke, […]

Afrinvest West Africa has outlined the investment outlook for 2023 and how investors can explore the opportunities while guarding against threats expected in the New Year, which is an election period in Nigeria.

Speaking during the investors’ parley in Lagos with the theme: ‘Soft or Hard Landing’, Group Managing Director, Afrinvest West Africa, Ike Chioke, said the event was to engage with clients on the 2023 outlook from the investment perspective.

He said that issues around inflationary trends, COVID-19, commodity prices, Russia and Ukraine war, among others, are key considerations in investing in the New Year and investors have to be guided to explore opportunities presented by these key events around the world.

Chief Business Officer, Optimus by Afrinvest, Ayodeji Ebo, said that a high-interest rate environment presents opportunities to investors.

Ebo said that for investors that go through the conservative approach, dividend yields have increased to an average of about 12 to 15 per cent for the stock as a result of the decline in prices.

Managing Director of Afrinvest Consulting, Abiodun Keripe, said Nigerians need to be very cautious because 2023 is an election year where there will be some sort of elevation in uncertainties.

Also speaking, Chief Investment Officer, Afrinvest Asset Management Limited, Robert Omotunde, said that in terms of diversifying portfolio from a currency perspective, it is one of the critical strategies that investors need, especially in an environment where inflation is hyper.