7 August 2014

Africa: Expert Opinion - Where in Africa Would You Invest U.S.$1 Million?


On Wednesday, some of Africa's most influential investors gathered in Sandton to discuss the continent's economic future - and, of course, how to profit from it. SIMON ALLISON took advantage of the opportunity to get some free investment advice (now he just needs that million bucks... ).

For big picture investors, it's a tough old world at the moment. Europe is stagnating; China is starting to slow down; and those super-size consumers in America already have everything. Fortunately, there is one huge market that hasn't been tapped yet.

Africa, of course.

At a seminar on Wednesday, hosted in Sandton (where else?) by consultancy firm Frontier Advisory, dozens of this continent's most significant investors, consultants and advisors gathered to discuss where to invest in Africa, and how to manage the associated risks and uncertainties. Underpinning the discussion was one assumption that no one could challenge: there really is plenty of money to be made here.

But where's the best place to make it? Africa's not a country, after all. So the Daily Maverick asked some of the speakers and panellists to put their own (hypothetical) $1 million where their mouth is, and name the one country they think is a sure...

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