CNNMoney asks experts, including Peter Thoms, why taking a detour around Africa’s stock markets is a big mistake
“NEW YORK (CNNMoney)
When it comes to investing around the globe, most investors take a detour around Africa, but experts say that’s a mistake.
Over the past decade, Africa has been the second-fastest growing economy in the world, with GDP accelerating more than 5% a year on average, according to the World Bank.
And even as the global economy has slowed in recent months, growth in Africa has largely remained on track, with the World Bank predicting the continent could be on “the brink of an economic takeoff, much like China was 30 years ago, and India 20 years ago…”
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