Africa Global Funds, an industry magazine that covers African asset management, has released their January 2023 issue with updated performance figures for African-focussed investment funds. In it, you will find that African Lions Fund is just about the only Africa frontier equity fund to make money in 2022.
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.