Africa: Spread the word

Author: | Published: 24 Aug 2015
Africa-focussed investors must not put consumer sectors before infrastructure

For all the excitement over Africa's rising middle class, it pays to remember that no country can reach its economic potential without having a few basics in place. Infrastructure is critical. And in many (but not all) nations across the continent, particularly sub-Saharan ex-South Africa (SSA), it is desperately lacking.

In recent months many sources at industry events have, somewhat apologetically, made this point. They caveat their comments with "it may sound trite" or "it seems obvious to say." But the fact is that some people – mainly those caught up in the Africa rising narrative, and...