Business in Africa: The flicker of a brighter future
Monday, September 25, 2006
Ultimately, doing business in Africa is a gamble on the future?that the continent will make something of the commodity boom that has helped it grow faster in the past three years than at any time in the past few decades and, possibly, ever. If the economy takes off, investors intend already to be there, firmly rooted. Excerpt:
Ultimately, doing business in Africa is a gamble on the future?that the continent will make something of the commodity boom that has helped it grow faster in the past three years than at any time in the past few decades and, possibly, ever. If the economy takes off, investors intend already to be there, firmly rooted. ?Africa’s promise is about tomorrow,? says SABMiller’s Mr Parker. The Thousand Hills Venture Fund, a small private-equity firm set up to invest in Rwanda, is also optimistic. Rob Fogler, the co-founder, believes that the country has already turned the corner. He wants to prove that investing in small companies in Africa can be successful. So far, his is the only Africa fund based in the United States to be entirely financed by private money.
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