Africa's story on the global market "has only just begun"
One particular article has been floating around the investment space during the past week. It's an interesting article written by Matthew Tostevin and Stuart Grudgings after interviews with several influential figures in emerging markets finance. Africa prospects lure investors, but is it ready? details Africa's growth trajectory on the world's markets and in particular as it relate to the BRIC countries, Brazil, Russia, India and China.
Why invest in Africa? Delving into McKinsey's report
Good news for those considering the merits of investment in Africa: The McKinsey Global Institute has put together a detailed report (together with a series of McKinsey Quarterly articles Laura pointed to in our last post) that breaks out the most important economic trends across the continent - and debunks some of the misconceptions about what is driving growth there (i.e.
McKinsey says the stars are aligning over Africa. Where are the steppings stones for market entry?
With the World Cup in full swing in South Africa, great focus has swung towards the continent from many directions. One respected financial media outlet in particular, McKinsey Quarterly, is in the third week of a four-week series detailing many aspects of Africa's economic growth trajectory including China, policy factors, sector-specific potential, context for current growth, etc.
To read the latest articles, visit the McKinsey Quarterly's Africa page
Emerging Africa, the latest from Financial Times
Financial Times recently began a series entitled Emerging Africa. In one article entitled
Africa’s frontier market ready to score, author William Wallis quotes former UN Secretary General Kofi Annan who last week launched a review of Africa's progress in meeting development goals. Annan said, “Africa is rich, and its stock is rising. The value of its land and minerals is going up. There is no lack of resources, no deficiency of knowledge and no shortage of plans. Africa’s progress rests above all else on the mobilization of political will.”
Why engage Africa? A U.K. think tank makes the case