Why Barclays former CEO Bob Diamond is doubling down on Africa with his new investment outfit Atlas Merchant Capital

Bob Diamond, former CEO of Barclays and current CEO of Atlas Merchant Capital

Standing outside the Belvedere Hotel, one of the busiest meeting places here in Davos on a bitter cold Swiss morning, are dozens of the most powerful business leaders waiting to get through security to attend a breakfast event at the 45th annual World Economic Forum.

While it is still dark out, everyone is eagerly anticipating a lively discussion on innovation in Africa titled "The African Renaissance."

“Africa is open for business,” said Bob Diamond, CEO of Atlas Merchant Capital. “Urbanization is real, scale of opportunity is real in Africa.”

Diamond has worked in financial services for more than 30 years. Before co-founding Atlas two years ago, he was CEO of Barclays until leaving the British banking giant in 2012.

Read more: Why Bob Diamond is doubling down on Africa – CBS News.