Investing in Africa
Good question. Is there ever a right time to invest? Good call. Is now the right time to invest in Africa? Today we take Katrina Manson who thinks investment in Africa is an idea who's time has come. And also Sanusi Lamido who suggests that Africans should see China as a competitor. Harsh deal climate in sub-Saharan Africa By Katrina Manson in Nairobi ©Alamy The Kenyan capital Nairobi is an economic powerhouse in sub-Saharan Africa Miles Morland, a pioneering Africa investor, has spent more than two decades looking for deals in places where you can’t drink the tap water. If his experience is anything to go by, finding successful private equity opportunities has more to do with sharing a glass of the stronger stuff in African bars. “In Africa there are hundreds of deals but you have to go and look for them. In the west, investment bankers bring you deals . . .[but], in Africa , investment bankers are way down the food chain. You need to go and hang ...