Monday, May 23, 2011

INVESTMENT IN AFRICA

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"For the past few years big names including Jamie Dimon, chief executive of JPMorgan Chase of the US, have been popping up in places such as newly oil-rich Ghana.

"In London, Helios Investment Partners, an investment firm founded by young Nigerians, is poised to close subscriptions to a $900m fund, so far the largest private equity fundraising exercise to target Africa.

"This comes as the much bigger Carlyle Group of the US is backing the continent for the first time, setting up in South Africa and Nigeria – the two biggest economies south of the Sahara."

Ripe for reappraisal - Financial Times

"Growth has been spurred by market liberalisation and improved public management of finances as well as a boom in the commodities that Africa has in abundance.

"Perhaps the biggest factor has been the engagement of emerging powers including India and Brazil but led by China."

Ripe for reappraisal - Financial Times

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