Mobius: Where are the biggest opportunities in Africa?

AFRICA

Mark Mobius, executive chairman of the Templeton Emerging Markets Group.

The IMF has projected that during the next five years, ten of the 20 fastest-growing economies will be in Sub-Saharan Africa, and two in North Africa. None are in the Western Hemisphere. A number of countries in sub-Saharan Africa have seen progress in economic reform and market liberalisation which has been providing additional sources of growth. Africa appears to hold a lot of potential for growth and we believe many countries there could remain global growth leaders in the coming years. Diversity There is often this idea that “Africa is Africa,” as if every country there is the s...