Interesting developments on the African capital markets – selected and analysed by Christian Hiller von Gaertringen (Africa Partners GmbH). Today: Why African equity markets are doing better than those in Europe.
One of Christians key messages: „Africa still suffers from the clichés that the West harbours towards it. Over the last decades, the media reports of famine, violent conflict, poverty, refugee camps, droughts and locust plagues have found their way deep into the western psyche.“
And: „What many in the west don’t notice is that Africa’s private sector has developed remarkably and, hence, is the main driver of economic growth on the continent. The private sector’s strength is reflected by African equity markets“ – in Casablanca, in Cairo, in Nairobi.