March 20, 2013

Talking about Africa with Kathleen Hays

Kathleen HaysLarry Seruma | Frontier Market Investing

Yesterday I stopped by Bloomberg Radio's New York studios and had the pleasure of talking with Kathleen Hays on her Bloomberg Radio program "The Hays Advantage." Recognized as one of the top economic reporters in the country, Kathleen asked me, among other things, to talk about 1) why the investment climate in Africa is better now than ever before, 2) how our mutual fund achieved its performance in 2012, and 3) my outlook for Africa and our fund for 2013. We covered a lot of ground in a short period of time.
Good questions. Good discussion. Click through to listen to the podcast, and then post a comment (below) to tell me what you think, or ask a follow-up question. Let's talk...

March 14, 2013

FT coverage: Ascendant Africa

Africa, Inc. | Frontier Market Invesments

"There have been false dawns before but sub-Saharan Africa appears to be at a genuine turning point, with the business landscape being transformed by pan-African multinationals, the spread of mobile and foreign investment." - The Financial Times

Today marks Day 4 of The Financial Time's six-part series, Africa, Inc. So far, they have covered mobile money, cheaper cleaner energy, GE's ambitions in Africa, China's intentions, foreign investor interest, the sales of luxury goods in Lagos, and developments in Ghana, Kenya, Mozambique, Uganda, and more. The breadth, depth, and critical balance of the reporting is exemplary.
For anyone interested in the investment potential of the Pan-African markets, this series should prove to be most informative. Be sure to read Zambian economist Dambisa Moyo's contribution: Hunt for Alpha Leads to Africa.
('sounds a lot like our whitepaper The Hunt for Alpha in the Frontier, doesn't it? If you'd like a copy, send us an email at, we would be happy to hear from you.) 

March 12, 2013

Africa is Essential to GE's Future

GE Investing in Africa
In his recent annual letter to shareholdersGeneral Electric's Chairman & CEO, Jeffrey Immelt writes: "I recently returned from Sub-Saharan Africa, a region that was “off the radar” when I became CEO. Today, we are at a $3 billion annual run rate, and that could double in the next few years. GE could have “$1 billion Franchises” in Nigeria, South Africa, Mozambique and Angola. We are investing in capability and people. There are very few American companies in the region. But we could sell more gas turbines in Africa than in the U.S. in the next few years."
Immelt goes on to state that Africa is "essential" to GE's future.
Click through to read Immelt's letter for yourself and learn more about GE's commitment to be a leader in Africa.

March 6, 2013

Zambian Economist Dambisa Moyo: China Can Transform Africa

In this recent CNN interview Zambian economist Dambisa Moyo talks about the important role China plays in the future of Africa. We can't disagree with those who have said of Dambisa, "She makes a compelling case for a new approach to Africa." 'Definitely worth watching this short video:

March 4, 2013

Special Report: Emerging Africa

Nile Capital presents pan Africa mutual fund

The March 2, 2013 issue of The Economist features a Special Report: Emerging Africa, offering analysis and commentary on topics of interest to many investors including banking in Africa, the upcoming Kenyan election, Africa's bond market, Egyptian politics, and more. All 55 countries on the continent  -- some of the highest-growth economies on the planet -- are covered. For any investor interested in the potential of the Pan-African frontier markets, this issue should prove to be most informative. Follow this link to the lead story: Africa Rising, a hopeful continent.

For more information please contact Nile Capital Management at or 646-367-2820.
Nile Capital Management - We Know Africa: From Cairo to Capetown.