Many investors remain extremely wary of Africa, thanks partly to all the stories in recent years about the Arab Spring, Somali piracy, famine and political corruption.
Yet the African economy is expanding by roughly 10% a year, according to current estimates – and that Africa’s growing middle class is expected to be spending $2.2 trillion per year by 2020. That's potentially a huge investment opportunity.
And whatever the risks (real or imagined), very few countries can now be considered 'safe bets'. If Europe’s woes continue, and developed economies struggle to deliver above-trend growth, the fundamentals of investing in Africa are going to look increasingly attractive.
This supplement includes keynote interviews, expert commentary and in-depth articles analysing the risks, challenges and opportunities of this increasingly important private equity market.
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The Africa Handbook 2012