Africa is a region with a young, increasingly well-educated population, a rising middle class and growing consumer power. Comparisons with China and India 20 years ago are frequently made by fund sponsors. They point to opportunities in sectors as varied as brewing and banking, telecoms and healthcare. All it takes is an appetite for risk and some on-the-ground expertise.
Yet as Africa’s need for investment continues to grow, many US investors, even those with an emerging-market focus, remain hesitant compared with their Asian and European peers.
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