“We believe that Africa could be the ‘emerging market’ story - TopicsExpress



          

“We believe that Africa could be the ‘emerging market’ story of the next decade,” said Mark Mobius, executive chairman of Templeton Emerging Markets Group and manager of the Templeton Africa Fund, in emailed comments. (Read an interview with Mobius here.) Jim O’Neill, who coined the term BRIC (for Brazil, Russia, India and China) and is former chief economist at Goldman Sachs, is also investing in the region; among other moves, he personally bought a significant chunk of Pagatech, a Nigerian mobile-payment company, earlier this year. (Read Jim O’Neill: Short the euro, watch Apple and more tips.)
Posted on: Sat, 06 Dec 2014 02:41:16 +0000

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