Africa's Capital Markets

Joanna Chung reports in the FT:

Investment bankers are grappling with a novel challenge: explaining to potential investors that exotic places such as Abuja and Accra, the capitals of Nigeria and Ghana, are among the new frontiers in the inter­national capital markets.

“We have a super-conviction about Africa,” he says. “We are very optimistic that the corner has been turned economically. You have to imagine where it will be in two or three years’ time, and it is going to change in ways that people don’t expect.
“I fully expect the capital markets in Sub-Saharan Africa to develop as rapidly as they have done in Russia over the past 10 years.”