"Africa’s capital markets are opening up"

In an interview with the African Banker, Tutu Agyare stated:

“The capital markets in Africa are beginning to open up and open up significantly. That has surprised many bankers. For example who would have forecast 12 months ago that, by this time this year, Nigeria’s markets would see $3bn worth of new issuances? Countries like Nigeria, Ghana, Kenya, even Zimbabwe are all offering investment opportunities.
“Nigeria’s market has made average returns of over 30% this year and Zimbabwe’s returned over 100% this year even after adjusting for inflation, so there’s a lot of interest, a lot of investment. Yes, there is strife and there are problems in Africa; problems in Côte d’Ivoire, in DR Congo, in Guinea, in Sudan, in Eritrea, in Somalia, but the risk/potential balance is right in many countries.