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Wall Street, “Africa is Investing’s Final Frontier”
Written by: Erik HersmanArticle Overview: I came across an interesting article in Canada’s Globe & Mail entitled, “Africa - Investing’s Final Frontier?“. The piece talks about how Africa has been overlooked, primarily due to the perceived risks associated with putting money into play in Africa. They quote extensively from Merrill Lynch chief investment strategist Richard Bernstein and his thoughts on what makes Africa a potential big hit in the coming years.
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Free Download - Google is Moving in East Africa By Erik Hersman |
Wall Street, “Africa is Investing’s Final Frontier”
I came across an interesting article in Canada’s Globe & Mail entitled, “Africa - Investing’s Final Frontier?“. The piece talks about how Africa has been overlooked, primarily due to the perceived risks associated with putting money into play in Africa. They quote extensively from Merrill Lynch chief investment strategist Richard Bernstein and his thoughts on what makes Africa a potential big hit in the coming years.
While India, China and other emerging markets are now permanent fixtures on the radar screens of the media and investors, Africa is brimming with under-followed companies and stock markets, Mr. Bernstein said. Furthermore, the continent is rich in oil and other commodities, the very resources that are fuelling the booming economies investors are clamouring for.
The Merrill report pointed to ten investment opportunities in Africa:
Oil
Commodities
Agriculture
Health care
Infrastructure
Telecommunications
Information technology
Defence
Financial services
Retail
It’s good to see some of the larger US investment organizations looking closer at Africa. I hope that more investors do take a serious look at African enterprises. The will to build business and wealth in Africa is there already, what has been lacking is the capital to build.
Article Tags: Africa, Merrill Lynch, Richard Bernstein
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About the Author: Erik Hersman RSS for Erik's articles - Visit Erik's website Erik Hersman is a rising international technology influencer with a keen eye on the impact of Web 2.0 advancements in the U.S. and his finger on the pulse of technology innovation across Africa. An avid blogger Erik writes four different technology blogs including: AfriGadget; WhiteAfrican; African Signals; and Realty Thoughts. When he is not blogging Erik serves as VP of strategy and marketing at eppraisal.com an online real estate site providing on-demand access to home valuations, real estate professionals, home inspectors and appraisers. In this position he is responsible for marketing implementation, partner strategy and consumer evangelism. Raised in Sudan and Kenya, Erik brings unique energy and insight to the world of technology – bridging the gap between Africa and Silicon Valley. Erik can be seen speaking around the world at recognized conferences including the TEDGlobal conference in Tanzania and Inman’s Real Estate Connect. Click here to visit Erik's website The Undelivered Promise Rwandas Internet The $20 Billion African Remittance Market Street Meat Heater A Simple Solution Google is Moving in East Africa Wall Street Africa is Investings Final Frontier |
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