Affordable technology and oil revenues have boosted economic growth rates and changed the fate of Africa.
Investors have in the past few years been focusing on the markets in China and India – and may not have noticed that these countries’ demand for resources has also boosted growth in Eastern Europe, the Middle East and Africa. This region, also referred to as EMEA, is home to more than 80% of the world’s proven oil reserves – as well as many other commodities – not to mention a large part of the world’s population.
In recent months, many of the world’s major stock markets have been spooked by the subprime loan woes, but some markets have been able to shake off these concerns and continue to grow strongly. Within the EMEA region, Africa is proving to be an ideal alternative investment destination that is underrepresented in many investors’ portfolios.
