Monday, 11 May 2009

The lure of Africa’s long term story

The Financial Times reported an upbeat story by Dr. Ayo Salami who maintains a market cap-weighted index of African Companies (sub-Saharan Africa excluding South Africa). Although the index was down 40% last year companies in the index grew their earnings per share by 32%.

Dr. Salami sees continuing growth in consumer demand and recommends companies like brewers, cement and food staples.

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