Rob Griffin of The Independent reports.
An economic revolution driven by the booming global demand for commodities over the past few years means the corporate world can no longer afford to ignore fast developing nations such as Nigeria, Botswana and Ghana...Quoting Bryan Collings of Hexam Capital Partners.
A lot of politically stable countries endowed with resources such as oil and commodities have succeeded in strengthening their reserves, stabilising interest rates and providing a much better environment in which to operate," he says. "They have also benefited from the development of capital markets in the region.
continuing...
Sub-Saharan Africa - excluding South Africa - rose by an impressive 38.2 per cent and were not affected by either the March correction, which hit a number of rival emerging markets, or the Nigerian presidential elections a month later. This compares with a relatively modest 10.2 per cent rise for the MSCI Far East index and a fall of 5.5 per cent in the MSCI Eastern Europe.
The power supply challenge is being reframed as an opportunity
Another serious concern is the continent's power supply problems. It is estimated that more than half of sub-Saharan nations are now facing crippling electricity shortages with blackouts becoming increasingly common."In many ways Africa is a victim of its own success as the higher-than-expected GDP growth has put a huge strain on the electricity supply, which is causing problems as there hasn't been any major investment in the industry for 15-20 years," Mr Thomson adds. "On the positive side, however, you can make money by investing in companies that are building power-producing capacity in the region."
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