'The Upside of Investing in African Markets'

Mamphela Ramphele comments (listen):

"Average annual GNP growth in African countries has climbed to over five percent," she said, "and in countries like Mozambique, Benin, Ghana, Algeria, Nigeria and South Africa, the economies [are getting stronger and stronger]. Last year's acquisition of the South African Bank ABSA by Barclay's PLC was one of the largest acquisitions in the world. Major private equity companies like Blackstone and KKR [are looking] for deals on the continent, and the recently completed RFP process for the development of the Cape Town waterfront saw major [investors] from all over the world bidding to participate. Overall, the rewards remain high and the balance of risks has improved in Africa."