Equity fund targets BSE, other African markets

Tuesday, November 09, 2010

The US$2.6 billion Stanlib Africa Equity Fund will invest an undisclosed significant sum of money on the stock exchanges of 17 African countries from next year.

The fund will target countries that have recently seen a sharp increase in their gross domestic product (GDP).

Botswana, Nigeria, Egypt, Ghana, Kenya, Mauritius, Morocco, Tunisia and Zambia have been identified as markets that have the potential to offer fundamental value on the continent over the long term.

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