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LAGOS, Nigeria, Capital Markets in Africa — Over the past few years, discussion about Africa’s development, prosperity, growth and potential was becoming more optimistic, so Africa seems to have conquered the myth of negative perception. The gained optimism has led to many buzzwords such as Africa rising; Africa the last frontier, Lion on the move etc. As a result, Africa is not hard to sell to investors and many investment pitches highlight the common reason why now is the time to invest in Africa. However, the recent economic downturn and headwinds that Africa is experiencing, is stimulating debate on Africa’s growth fundamentals and raising questions such as: Is Africa’s rising story real? Can Africa’s growth be sustainable? When China sneezes, does Africa catch a cold? Africa could well be a sleeping giant so is the pessimism justified?
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