The WSJ reports on how the appetite for returns is leading investors to markets in Africa and beyond :
Frontier markets offer opportunities to participate in some of the world's fastest-growing economies. Parts of Africa, Central and Eastern Europe and the Middle East have been clocking growth of about 6% or more in recent years.
That trend is largely projected to continue through at least 2009, far outpacing developed-economy growth of about 1.3%.
Yet, frontier economies are some of the most volatile financial markets around. Kenya's stock market, rocked by political strife, lost more than 11% in just 10 days earlier this year...[continue reading]
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