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Larry Seruma From Komfie Manalo, Opalesque Asia:
The African continent has more countries than Asia and offers "a mosaic of industries driven by vastly different dynamics." Thus, a market turmoil in one African nation can be an opportunity for other resource-rich countries in the continent.
In his latest study entitled: Africa Investing: The Benefit of a Diverse Continent, Larry Seruma, Chief Investment Officer at Nile Capital Management LLC , a New York headquartered asset management firm focusing on Africa, compared the opportunities in emerging markets of Asia to the emerging economies in Africa.
"The opportunity for investing in Africa has often been compared to that of Asia two decades ago. Over the past ten years a composite of Africa’s largest exchanges has already significantly outperformed the S&P 500, the BRIC countries, as well as the MSCI Emerging Markets Index.
"However, the opportunity for success for investors interested in Africa is different from those who were looking at Asia over the past ten or twenty years. The nations of Africa currently are at a range of stages of development, political maturation, and urbanization. Unlike China and the Four Tigers - all of which depended on manufacturing or tech-driven export economies- Africa is a mosaic of industries driven by vastly different dynamics," Seruma pointed out.
Because of Africa’s diversity, the key to succeeding in t...................... To view our full article Click here
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