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Investing in African stock markets in 2025 - The Wandering Investor

Summary by The Wandering Investor
Every year I interview Tim who runs a fund focusing on African frontier markets(Africa excluding North Africa and South Africa). Every year almost nobody is interested. But every year the results are pretty good. It’s hard for things to go too bad when you invest in a basket of local blue chip companies that: Have market dominance Are in countries with booming demographics Are valued extremely cheaply (sometimes PEs of 3 to 5) Pay double digit …
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