Last Friday, zero shares traded on the Dar es Salaam Stock Exchange. The same day, the NASDAQ in the USA traded 6,572,850,000 shares – an all-time high. I believe one of these statistics signals an opportunity, near the bottom. The other signals danger…
In 2010 I spent a very enjoyable three weeks in South Africa; in Johannesburg, Pretoria, Durban and Cape Town for the 2010 World Cup. The anthem for World Cup 2010 South Africa was a very catchy tune, “Waka Waka (This time for Africa),”
As I’ve written about before, I’m very bullish on Africa’s long-term future growth prospects and I have personally invested in several companies listed on African stock exchanges.
Back in 2018, I personally invested in Twiga Cement (TPCC on the Dar es Salaam Stock Exchange) in Tanzania. The company is a subsidiary of Heidelberg Cement, which owns 69.3%.
When I was a young man starting my career, Asia was the continent of growth and opportunity. That’s why I came here in 1996, and haven’t left.
I believe Africa will be the new Asia.
