Taking 在庫／株: 有望な 未来 for Africa

By Simon Watkins for The Mail on Sunday
Updated: 08:50 BST, 26 September 2010

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When people talk about 現れるing markets the 指名するs that spring to mind are Brazil, Russia, India and 中国, or the BRICs as they have been inelegantly dubbed.

But 投資家s should を締める themselves for a wave of 資産 経営者／支配人s 促進するing Africa. The continent has long been ignored by 投資家s, who regard it as an 未開発の high 危険. But that may change.

Ironically, the 運動 to 偉業／利用する 適切な時期s in Africa is 存在 led by 政府s and 投資家s from the BRIC nations.

中国, through its 明言する／公表する-run 会社／団体s, is 伴う／関わるd in countless 組織／基盤／下部構造 事業／計画（する）s in African 明言する／公表するs, 含むing a 取引，協定 to 投資する in 鉄道s in South Africa.

These are matched by 取引，協定s to give 中国 接近 to the wealth of natural 資源s of the continent ? such as 取引，協定s to 輸出（する） oil from Nigeria and coal from Mozambique.

This week will see the 開始する，打ち上げる of two African 基金s by Anglo-ロシアの group Renaissance 資産 経営者／支配人s.

The 基金 経営者／支配人s at Renaissance are 明らかに 確信して that having 首尾よく 交渉するd the 落し穴s of 投資するing in Russia they should be 井戸／弁護士席-equipped to do the same in Africa.

The 基金s, 目的（とする）d at institutional 投資家s and the wealthiest of 私的な 投資家s, will be the first in Britain to 焦点（を合わせる） 排他的に on sub-Saharan Africa and may be followed by other 基金s 目的（とする）d at more ordinary 小売 投資家s.

The cliche of Africa is that it is indeed a source of untold mineral wealth 妨害するd by corrupt 政府s and civil 不安, if not 完全な war.

There is more than a little truth to this, but Africa is not homogeneous and has many economically and 政治上 stable 明言する／公表するs.

Botswana, for example, has one of the highest 一貫した growth 率s in the world, albeit thanks to the mountain of diamonds on which it is sitting.

To see Africa 簡単に as a continent of 資源s would be simplistic, too. It is also one of 消費者s.

Africa has a larger middle-class 全住民 than India. It is を受けるing a 早い 一区切り／（ボクシングなどの）試合 of urbanisation, not unlike that under way in 中国, bringing millions out of 田舎の 雇用 into service 産業s and 製造業の in cities.

Renaissance 見積（る）s that growth in sub-Saharan Africa will be between 4% and 7% this year, a 人物／姿／数字 at least 二塁打 anything 推定する／予想するd in Europe or America.

Whether this will carry on is another 事柄. にもかかわらず its successes, Africa is still home to 高度に 安定性のない or corrupt 明言する／公表するs where the 危険s to 投資家s are 抱擁する.

But I would bet that Renaissance's Africa 基金s are just an 早期に 調印する of a wider 傾向.

There will be plenty of 罠（にかける）s for the unwary, but just as five years ago everyone said 投資家s should look to 中国, we may be on the 瀬戸際 of a dash to Africa.