Africa is the New Something or Other

We hear this every six months or so and eventually it will probably be true. But stock market-wise you haven’t missed out yet. We have a small Africa weighting for clients nestled into one of the broader ETFs we own. I see no reason to take that any further right now, I feel like there’ll be plenty of time to invest should Africa’s promise ever actually bloom – politically, economically, socially etc.

Here’s The Economist taking another whack at the story this weekend:

africa 1 africa 2

Africa’s chief attraction is that it has been growing while richer regions have stalled (see chart 1). Its demographic prospects are promising, too. As America, Europe and China age, Africa can expect a bulge of workers in their productive prime. Though skills are in short supply, they are becoming more abundant. According to the McKinsey Global Institute, the consulting firm’s research unit, in 2002 only 32% of Africans had secondary or tertiary education, but by 2020, 48% will have.

Google, IBM and many technology firms are already placing their bets on the population and its growing infrastructure needs. The Chinese have been there for a decade doing mineral deals and god knows what else.

I wouldn’t be a size buyer of the handful of Africa ETFs and funds just yet, but this bears watching…

Source:

Information technology in Africa: The next frontier (The Economist)

This content, which contains security-related opinions and/or information, is provided for informational purposes only and should not be relied upon in any manner as professional advice, or an endorsement of any practices, products or services. There can be no guarantees or assurances that the views expressed here will be applicable for any particular facts or circumstances, and should not be relied upon in any manner. You should consult your own advisers as to legal, business, tax, and other related matters concerning any investment.

The commentary in this “post” (including any related blog, podcasts, videos, and social media) reflects the personal opinions, viewpoints, and analyses of the Ritholtz Wealth Management employees providing such comments, and should not be regarded the views of Ritholtz Wealth Management LLC. or its respective affiliates or as a description of advisory services provided by Ritholtz Wealth Management or performance returns of any Ritholtz Wealth Management Investments client.

References to any securities or digital assets, or performance data, are for illustrative purposes only and do not constitute an investment recommendation or offer to provide investment advisory services. Charts and graphs provided within are for informational purposes solely and should not be relied upon when making any investment decision. Past performance is not indicative of future results. The content speaks only as of the date indicated. Any projections, estimates, forecasts, targets, prospects, and/or opinions expressed in these materials are subject to change without notice and may differ or be contrary to opinions expressed by others.

Wealthcast Media, an affiliate of Ritholtz Wealth Management, receives payment from various entities for advertisements in affiliated podcasts, blogs and emails. Inclusion of such advertisements does not constitute or imply endorsement, sponsorship or recommendation thereof, or any affiliation therewith, by the Content Creator or by Ritholtz Wealth Management or any of its employees. Investments in securities involve the risk of loss. For additional advertisement disclaimers see here: https://www.ritholtzwealth.com/advertising-disclaimers

Please see disclosures here.

What's been said:

Discussions found on the web
  1. Blazing Trader Review commented on Sep 22

    … [Trackback]

    […] Info on that Topic: thereformedbroker.com/2013/02/18/africa-is-the-new-something-or-other/ […]

  2. weed commented on Sep 23

    … [Trackback]

    […] Read More on on that Topic: thereformedbroker.com/2013/02/18/africa-is-the-new-something-or-other/ […]

  3. kid commented on Sep 25

    … [Trackback]

    […] Read More on that Topic: thereformedbroker.com/2013/02/18/africa-is-the-new-something-or-other/ […]

  4. bitcoin loophole reviews 2020 commented on Sep 29

    … [Trackback]

    […] Find More here on that Topic: thereformedbroker.com/2013/02/18/africa-is-the-new-something-or-other/ […]

  5. bitcoin era commented on Sep 30

    … [Trackback]

    […] Read More to that Topic: thereformedbroker.com/2013/02/18/africa-is-the-new-something-or-other/ […]

  6. bitcoin era commented on Oct 02

    … [Trackback]

    […] Read More Info here to that Topic: thereformedbroker.com/2013/02/18/africa-is-the-new-something-or-other/ […]

  7. Performance Test Automation commented on Nov 12

    … [Trackback]

    […] Here you can find 12209 more Info on that Topic: thereformedbroker.com/2013/02/18/africa-is-the-new-something-or-other/ […]

  8. Check out Coca leaf tea commented on Nov 14

    … [Trackback]

    […] Here you can find 81518 more Info on that Topic: thereformedbroker.com/2013/02/18/africa-is-the-new-something-or-other/ […]

  9. tangerine sign-in commented on Nov 27

    … [Trackback]

    […] Info on that Topic: thereformedbroker.com/2013/02/18/africa-is-the-new-something-or-other/ […]

  10. scotia online commented on Nov 27

    … [Trackback]

    […] Find More Info here to that Topic: thereformedbroker.com/2013/02/18/africa-is-the-new-something-or-other/ […]

  11. Intelligent Automation consultants commented on Nov 28

    … [Trackback]

    […] Find More on that Topic: thereformedbroker.com/2013/02/18/africa-is-the-new-something-or-other/ […]

  12. 토토사이트 commented on Dec 11

    … [Trackback]

    […] There you will find 10289 additional Info to that Topic: thereformedbroker.com/2013/02/18/africa-is-the-new-something-or-other/ […]

  13. DevOps solutions commented on Jan 12

    … [Trackback]

    […] Info to that Topic: thereformedbroker.com/2013/02/18/africa-is-the-new-something-or-other/ […]