‘Gulf-based private and public equity fund managers have this year shifted some of their vast wealth from Asia and the Middle East/North Africa region to the world’s poorest region: sub-Saharan Africa.’ Some of it is direct investment in property and other sectors. A few countries have benefited, most notably Nigeria ‘with its $50bn stock market capitalisation.’ Why? The Financial Times thinks it knows and are urging ‘western wealth advisers’ to join the new scramble (if they are not already).
Filed under: New Scramble for Africa, economy, investment
