At present, an estimated 22 million people move to Africa’s cities each year. By 2050, the urban population in Africa will be over 1.3 billion, or nearly as much as the entire population of the continent today.
With a few simple (though not easy) fixes, I think Nigeria’s economy could get back on track next year, and even boom…
Investors are spooked, and passing up top-performing, high-quality businesses in Africa
A quick note from Lagos, where I’ve just set foot for the first time to search for some great value investments. I’ve scheduled a week of meetings with listed company managements and boots on the ground research.
For the first two months of calendar 2022 the S&P 500 was down 8.2%. The US bond market, as measured by the iShares 20+ Year Treasury Bond ETF (TLT), was also down by 5.5%.
