02.04.2013 - Commodity traders lured by African growth despite hazards
Commodity trading houses are expanding aggressively in Africa as they look to add volume and take on assets that promise to benefit from a continent achieving some of the highest economic growth in the world. Merchant traders have historically been mostly concerned with shipping Africa’s oil on to global markets, but are now viewing Africa as a destination market for fuels and are investing in the storage and retail networks the continent needs to develop. But their growing involvement in a region where several top companies have faced legal problems or payment delays may worry would-be investors at a time when the companies, typically privately owned, are scouting for new forms of capital...............................................Full Article: Source
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