Investing in Africa

What about the corruption?

If you want to be an emerging-markets investor, factor in the cost of political risk and corruption and think long term.
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Kenya is the Singapore of Africa in terms of infrastructure, according to Carole Kariuki
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<div style="text-align: left;"> Kenya is the Singapore of Africa in terms of infrastructure, according to Carole Kariuki </div>

At the first day of the inaugural Africa Investment Summit, hosted by FinanceAsia and AsianInvestor, the initial panel discussions were about why Asian investors should consider Africa as a destination for their capital. And where they should invest.

Speakers offered practical advice, starting with the obvious. Guy Lundy, deputy chairman of Wesgro, which is the official investment and trade promotion agency for the Western Cape, reminded the audience that Africa comprises 54 countries, with many different languages and cultures. “It’s good to go in and know a person on the ground who can pave the way and offer advice,” he said.

While we all...

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