African bull markets

PSD Blog reports on the WSJ's coverage of Africa's Bull markets:

The continent's so-called frontier markets, such as Nigeria, Kenya, Ghana, Mauritius and Botswana, are up an average of 26% so far this year in dollar terms, according to Liquid Africa. By comparison, the MSCI Emerging Market Index, which includes just three African countries -- South Africa, Egypt and Morocco -- has risen 9.5% during the same period.

If you haven't heard this story, it's because the numbers are still small. The London Stock Exchange is five times as big as all African stock markets combined. And South Africa's exchange is 2/3 of the African total.