INTO AFRICA March 2019 Edition – Views on Africa Attractiveness

Welcome to the March 2019 edition of INTO AFRICA, a publication with fresh insight into Africa’s emerging capital markets. The edition is titled: Views on Africa Attractiveness.  

Is Africa fundamental shaken or Africa story over-sold? These and other questions are articulately ventilated at the plethora of Africa Investment forums. We are of the view that neither is Africa fundamental shaken nor story over-sold. In fact, we believe that Africa is the next and last global frontier in investment and growth, on the move and on the rise with improved governance and deepening democracy. While most continents are tackling ageing and declining populations, Africa is urbanizing at a faster pace than anywhere else in the world with a young and growing workforce. Encouragingly, African governments are increasing their focus on attracting investment to help fuel large-scale infrastructure projects, which are essential for growth.  So, we always implore investors looking at Africa to have a long-term view.

In 2018, performance has been most disappointing in African equities down by double digits (albeit with significant country variations). However, steady economic growth and less dollar strength may offer African equities some room to rebound in 2019 – most African exchanges started 2019 positively. Although, the recovery will be bumpy and African equity investors may wish to tilt towards quality in portfolios along with an emphasis on diversification and rebalancing given short-term uncertainties.

INUTU BEGNOUGA (Associate, Pangaea Securities Limited Zambia) and NJAVWA MUSONDELA (Associate, Pangaea Securities Limited Zambia) open the discourse with: “Zambia: Uncovering Hidden Value”, where they expose and showcase investment opportunities in Zambia.

PLEASE CLICK TO DOWNLOAD – INTO AFRICA PUBLICATION: MARCH 2019 EDITION.