Is it just me, or are newspapers full of hints that many countries in Africa are booming right now, unnoticed by the general public still in awe about growth in China and India? I think to spot beginning trends, one cannot wait till stories make the front pages. I usually watch out for recurring themes that are mentioned here and there as if they had no significance. Africa is such a case right now. You might here of a big IPO in Nigeria, increasing tourism in Mozambique, and a real estate boom in South Africa - but most journalists don't seem to put 2 + 2 together.
For the last two years, I have noticed more and more positive news coming out of West Africa and also Southeast Africa. And in recent months, the momentum is astonishing. Once you start watching out for news on successful businesses and investment in Africa you will notice it is in the news every day - but never as a top story.
Did you know, for example, how African stock markets performed last year? Botswana up 47%, Kenya up 47%, Malawi up 127%!!!, Mauritius up 46%, Nigeria up 40%, Uganda up 72%. If you read the companies & markets part of the FT closely, you will also notice that more and more investment and private equity funds are set up for the sole purpose of investment and Africa - for example Actis Capital , Aureos Capital, or African Capital Alliance, all members of the Emerging Markets Private Equity Alliance.
I'm posting this to encourage you to watch out for positive news and articles on Africa. Also, if you see anything interesting, feel free to post links and info in the comments!