There are a lot of reasons why we believe Africa is an excellent investment opportunity for people with a long-term perspective, including:
Africa is "undiscovered" from a global investment standpoint, resulting in what we believe are very low valuations in both African debt and equity investments, which provide attractive entry points, especially when compared to valuations in many more developed markets; per ratios are in the mid-teens, and return on equity is in the mid- to high-twenties.
Economics is a science of context, the nexus of social conventions framing and directing the behaviour of economic agents, while economy is an amalgamation of various forms of such behaviour. The economy is a man-made system that is extremely nonlinear, has frequent paradigm shifts, and is governed by a set of rules that describe how economic agents behave.
"To develop a single continental market for goods and services, with free movement of businesspeople and investments," is one of Africa's key goals. Its mandate is broad, ranging from the lowering of tariffs between member nations to the implementation of regulatory measures like as sanitary standards and the removal of technical trade barriers.