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.
Recently I did an interview with the guys at the “State of the Markets” podcast. In it, I discuss many things, including a few specific investment ideas — stocks I have personally invested in, over the last 18 months, in Tanzania, which I plan to hold for many years.
I’ve had a number of people ask me in recent days whether it’s a good idea to buy oil stocks for the long-term now that prices have crashed. After all, they reason, we will still be using oil when the coronavirus …