In recent years investors have been piling into Lagos and Nairobi as if they were Frankfurt and Tokyo of old. Anaemic growth in the rich world has made sub-Saharan Africa an attractive destination for money and its managers. Foreign direct investment has increased by about 50% since 2005. Once regarded as casinos, local capital markets now seem less risky. J.P. Morgan has just added Nigeria to its government-bond index for emerging markets; South Africa had hitherto been the only African country on its list. The American bank, the world’s biggest underwriter of emerging-market debt, predicts that adding Nigerian bonds to its benchmark will lure an extra $1.5 billion to the country. New funds will pay for so far non-existent infrastructure on a continent with a land mass equivalent to that of China, India, Japan, America, Mexico and Europe combined (see map). (via Africa’s economy: Bulging in the middle | The Economist)

In recent years investors have been piling into Lagos and Nairobi as if they were Frankfurt and Tokyo of old. Anaemic growth in the rich world has made sub-Saharan Africa an attractive destination for money and its managers. Foreign direct investment has increased by about 50% since 2005. Once regarded as casinos, local capital markets now seem less risky. J.P. Morgan has just added Nigeria to its government-bond index for emerging markets; South Africa had hitherto been the only African country on its list. The American bank, the world’s biggest underwriter of emerging-market debt, predicts that adding Nigerian bonds to its benchmark will lure an extra $1.5 billion to the country. New funds will pay for so far non-existent infrastructure on a continent with a land mass equivalent to that of China, India, Japan, America, Mexico and Europe combined (see map). (via Africa’s economy: Bulging in the middle | The Economist)

  1. beautifuldancewhore reblogged this from lati-negros
  2. dp-j reblogged this from oh6esq
  3. wendyss reblogged this from marthajonessupremacy-ask
  4. restoriedself reblogged this from panthersforever
  5. rhyythms reblogged this from panthersforever
  6. covert-prophet reblogged this from daplatano5
  7. selfloathing--narcissist reblogged this from daplatano5
  8. daplatano5 reblogged this from beautiful-side-of-africa
  9. richcarlton reblogged this from roxatherwindow
  10. roxatherwindow reblogged this from panthersforever
  11. fieldninjaj reblogged this from panthersforever
  12. panthersforever reblogged this from worldwide-blackfolk and added:
    When I hear “invest in Africa” I hear “colonialism”. I’m not against investment in Africa, just weary. Much like the...
  13. oh6esq reblogged this from lati-negros
  14. karendurant reblogged this from kenyabenyagurl
  15. naturallyscattered reblogged this from lati-negros
  16. dearpersistence reblogged this from lati-negros
  17. finnickoddhair reblogged this from forgetpolitics
  18. coffeecolouredheart reblogged this from endlessaffairs
  19. novaless reblogged this from lati-negros
  20. forgetpolitics reblogged this from lati-negros
  21. mayan-buddhist-confusion reblogged this from lati-negros
  22. tanama reblogged this from lati-negros
  23. lajefadelasjefas reblogged this from lati-negros
  24. worldwide-blackfolk reblogged this from lati-negros
  25. lati-negros reblogged this from kenyabenyagurl
  26. endlessaffairs reblogged this from kenyan4life
  27. g0ld-elephants reblogged this from beautiful-side-of-africa
  28. kenyan4life reblogged this from kenyabenyagurl
blog comments powered by Disqus