Investec's Horne says Africa looks compelling as western economies slow

African and Middle Eastern markets offer compelling growth opportunities amid an increasingly stable ...

African and Middle Eastern markets offer compelling growth opportunities amid an increasingly stable political environment, according to Investec’s Roelof Horne. One of the managers on the group’s newly launched MENA fund, he said the region is especially attractive given the current financial crisis in developed markets. “MENA markets are going ahead full steam – there seems to be no stopping them. “We will have to wait and see, and it depends how bad things get in developed markets, but at the moment we are very optimistic," he said. He added a tough operating environment for busin...