To a growing number of foreign investors, sub-Saharan Africa represents much more than the ethnic clashes, coups, bouts of genocide and natural disasters that have scarred many countries in the region. It represents dazzling opportunities to make money.
"If you look at sub-Saharan African markets, they've given annual
returns that are substantially better than most around the world," said
Ayo Salami, a chief investment officer for Duet, a London-based
financial group that inaugurated its first Africa fund in December.
"Even this year, most of the economies around the world are not seeing
very much growth -- 2 percent would look optimistic. Whereas in Africa,
it's been around 6 percent for years. One of the fastest-growing
economies in the world is actually Angola, yet the perception is that
it's still in a state of war."
"You don't usually hear these stories," Salami added, "but there are signs that Africa is moving on."
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