Tax Reform in This Election Year: It's Not Likely
Which Credit Card Rewards Does the IRS Care About?With China nearing "bubble" status, global investors are looking for the next "hot" geographic area to invest in. What's left, you ask? Sub-Saharan Africa.
When one thinks of Africa, one tends to think of poverty, illness and general backwardness. Things are starting to change. Blessed with an endless supply of natural resources, Africa has become big sellers to the Chinese, to help fuel their growth. Agreements on debt-relief have helped many of these countries start with a clean financial slate. Investment banks are starting to do deals and partnerships with local firms, a sure sign that we will see continued economic growth. Keep in mind, we aren't talking about deals to develop faster broadband or the next great PC, rather, we're talking about building roads, getting water to villages, and the like. In short, creating infrastructure.
Until recently, while I liked the story, there was no real way to invest there. About two months ago T. Rowe Price (NASDAQ: TRAMX) launched a mutual fund that invests in Sub-Saharan Africa and Dubai as well. If you are looking for a long-term international investment, this may be for you.
Disclosure: Writer holds no position in any stock mentioned as of 11/1/07.
Aaron Katsman is the lead Portfolio Manager and Managing Director of America Israel Investment Associates, LLC. and Senior Editor of IsraelNewsletter.com.
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Reader Comments (Page 1 of 1)
11-02-2007 @ 12:13AM
wmebane said...
I resent the comments of this so-called authority with respect to the Africa and more specifically the region largely dominated by Black people.
Its comments like this from bigots or so-called experts that contribute to spread misinformation and bias opinions that are so often passed off as legitimate analysis.
Considering the nature of the organization this socalled expert represents the comments are typical and expected.
Next time provide an analysis for an African perspective if your seeking objectivity on this and other important problems or accomplishments relative to the African continent.