Africa: Investec makes the case for African investments

The sub-prime mortgage market crisis in the US and the associated credit crunch has grabbed most of the headlines in the financial press in recent weeks but Investec Asset Management believes that the much less widely followed economic upturn in Africa merits greater attention in the light of recent global market volatility. Chris Derksen and Roelof Horne, managers of the Africa Funds at IAM and co-authors of a recent report – Why invest in Africa? – highlight the fact that Africa, far from being the investment basket case it was in the 1980s and 1990s, has experienced strong positive trends this decade, with GDP rising faster than the global average and growing free-market economic success.