"Being told that agriculture shouldn't be subsidised and should stand on its own two feet was a pretty radical idea." He can even walk anonymously along Oakura beach, 12 kilometres southwest of New Plymouth. 'Heart-racing' 4.6 magnitude quake rattles Christchurch, Paekākāriki seaside house: The perfect place to record an album, Guy Fawkes night: Fire crews attend 15 call-outs around the country, Slight reprieve in wild weather before turbulent weekend, Canterbury town named safest in New Zealand, Live: Trump's hopes teeter - Biden closes gap in two key states, 'absolutely confident' of presidency, George Floyd death: Judge orders former police officers be tried together. Stephen Jennings has taken his last walk out the door of Renaissance's Moscow offices. He has been living and working in emerging markets for more than 25 years. Where would he start? Jennings is Renaissance Group's chairman, chief executive and the main stakeholder as it expands to Africa. Jennings estimates that during his time with Renaissance, the bank attracted around $200 billion in foreign investment funds into Russian assets. The six weeks in Russia turned into 16 years. Jennings donated $20,000 to Don Brash before the 2005 election but says he does not know any current New Zealand political leaders, including John Key, and did not believe he should have too close a relationship. This view saw Jennings and a colleague break away from Credit Suisse First Boston to set up Renaissance Capital as an investment bank in 1995. Renaissance Capital founder Stephen Jennings may be enjoying better weather since fleeing Russia for Africa three years ago, but his problems seem to be mounting. Zimbabwe looks good in Jennings' "medium-to-long-term view". "It's easy to grizzle at the barbecue," says Jennings. Join over 300,000 Finance professionals who already subscribe to the FT. Then 60,50 € per month.New customers onlyCancel anytime during your trial, Try full digital access and see why over 1 million readers subscribe to the FT, FT print edition delivered Monday - Saturday along with ePaper access, Premium FT.com access for multiple users, with integrations & admin tools, Purchase a Trial subscription for 1,00 € for 4 weeks, You will be billed 60,50 € per month after the trial ends, Purchase a Digital subscription for 6,50 € per week, You will be billed 37,50 € per month after the trial ends, Purchase a Print subscription for 14,98 € per week, You will be billed 64,92 € per month after the trial ends, Purchase a Team or Enterprise subscription for per week, You will be billed per month after the trial ends, Joe Biden wins Wisconsin as Donald Trump seeks recount, Biden vs Trump: US presidential election 2020 poll tracker, States to watch: where the campaigns are fighting it out, US election 2020: Democratic hopes of winning Senate fade after Republican victories, Election 2020: US tallies 100m early votes as turnout heads to new record, US election results 2020: Trump peppers Georgia, Pennsylvania and Michigan with lawsuits – as it happened, US election: Trump wins Texas, Florida and Ohio — as it happened, National Grid issues second warning on stretched British electricity, Biogen shares leap after ‘substantial evidence’ Alzheimer’s drug is effective, Barclays ordered to repay millions on timeshare loans in Malta, Crispin Odey steps down from helm of Odey Asset Management, Investors pile into tech stocks and Treasuries as ‘blue wave’ trade unravels, Beijing says it halted $37bn Ant IPO to protect market stability, A divided electorate spells trouble for the US economy, Hedge funds bet against lasting US election-induced market turmoil, A bitter US election that resolves little, Liberals should worry about the lack of a landslide, Mareva Grabowski-Mitsotakis: the Greek prime minister’s wife talks personal taste, A World Beneath the Sands — eccentrics, explorers and Egyptomania, Screen legend Sophia Loren: ‘It’s too soon to be remembered’, For 4 weeks receive unlimited Premium digital access to the FT's trusted, award-winning business news, MyFT – track the topics most important to you, FT Weekend – full access to the weekend content, Mobile & Tablet Apps – download to read on the go, Gift Article – share up to 10 articles a month with family, friends and colleagues, Delivery to your home or office Monday to Saturday, FT Weekend paper – a stimulating blend of news and lifestyle features, ePaper access – the digital replica of the printed newspaper, Integration with third party platforms and CRM systems, Usage based pricing and volume discounts for multiple users, Subscription management tools and usage reporting, Dedicated account and customer success teams.