Posted by: Christina Burton | October 15, 2007

Africa, Open for Business

Invest in African nations, yall. No joke; they have a lot to offer to the global economic market. I was just reading up on some big players in the African investment market, like Justin Stewart of Seven Investment Management, and, reportedly, people are making big guap. I want in.

Also, let’s not forget that Africa needs outsiders to invest in the country because we can help them help themselves.

Professor Wiseman Nkuhlu is considered an important player in the area of socio-economic development in South Africa. He is director of Gencor and Chairman of the Development Bank of South Africa (DBSA) which provides loans for projects such as housing and entrepreneurial development.

MBendi, Information for Africa; July 11, 2007

Yeah, I’m in. However, I’m not really up for investing without a first look. Not like I can take a trip over there anytime soon, though. I would like to talk to some of these major players first, maybe even get into some mutual fund research. According to one of my classmates, the country is looking for younger buyers to invest; the country’s economy depends on our generations investing. China CLEARLY has the right idea because they are ALL OVER it.

Ghana’s stock market is high-performing; the World Bank said in 2005 that Africa offers ‘the highest returns on foreign direct investment of any region in the world.’ Currently, only a little over 1% of sub-Saharan Africa is being invested in by world private capital.

Mind you, it’s high risk. Says a man named Simon Wilson. Currency fluctuations, poorly developed markets, corruption and politcal risk.

Simon notes, though, that Botswana is rated less corrupt than Italy or Greece.

As a student, this seems righteous enough for my beliefs. Money and helping my beloved Africa continue to thrive. What black person wouldn’t be down?


Responses

  1. As a student, you are right to be getting on top of your information on Africa, thanks for highlighting that there is economic growth taking place.

    Real change comes from innovation, and writers, scholars and other observers can do a lot to spread the positive information on good investments in Africa.

    Good call. We shall look out for more of these posts.

  2. [...] Africa, Open for BusinessSimon notes, though, that Botswana is rated less corrupt than Italy or Greece. As a student, this seems righteous enough for my beliefs. Money and helping my beloved Africa continue to thrive. What black person wouldn’t be down? [...]


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