Africa calling: rewarding patient investors

Friday, February 15, 2013

In the 1970s, it was Idi Amin’s expulsion of Asians from Uganda. In 1980s, it was a malnourished child in Ethiopia, struggling just to stand up. In the 1990s, it was piles of mutilated corpses in Rwanda. For many in the west, these remain the defining images of Africa – despots, disasters and despair.

Those on the ground maintain that such perceptions are outdated. Africa certainly isn’t without its problems, but huge social and economic progress has been made and money is pouring in.

The International Monetary Fund has projected that during the next five years, ten of the 20 fastest-growing economies in the world will be in sub-Saharan Africa, and two will be in north Africa. None will be in the developed west.

Source: Financial Times (link opens in a new window)

impact investing, poverty alleviation