Global institutional investors plan to boost their asset allocation in African markets over the next five years, and are shifting to long-term investment strategies for the continent, instead of more speculative, short-term bets, a survey showed.
51 percent of the 158 investors polled by Invest AD and the Economist Intelligence Unit agreed that Africa’s frontier markets – which are the smallest, less developed and less liquid countries that make up emerging markets – will offer the best overall prospects for investment growth in the next decade.