Imported labour is a political risk in African markets that few have spotted, but the region is slowing making reforms and opening to investment, explains Malek Bou-Diab, manager of the Bellevue African Opportunities fund.
In recent years, international investors have discovered a new continent: Africa. While some news headlines and preconceived ideas make it all too easy to fall into the camp of permanent Afro-pessimists, an increasing number of investors have spotted the trend of economic improvements sweeping through the continent and the attractive opportunities it has to offer. The IMF now sees Africa as the second-fastest growing region in the world after Asia. Of course African economies face challenges and the road to a brighter future will not always be a smooth one. Not least among those...
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