Unlocking All Of Africa

Via The Timbuktu Chronicles, a reminder that investors should consider all of Africa when looking at the continent for opportunities.  As the report notes:

“…All told, South Africans have plowed more than $8.5 billion into the Sub-Saharan region, the U.N. estimates, making the country the biggest investor there. Ever since South African Breweries pioneered the African beer market—and then went on to become the global titan known as SABMiller—South African companies have led the way on risky turf. Johannesburg cellular provider MTN was one of a handful of companies to defy conventional wisdom and prove that Africa could be a huge market for mobile phones…

…Whereas the focus is on S.Africa and its firms, there are other gutsy firms out there… north of S.Africa. Equity Bank (Kenya) are in Uganda and S.Sudan & has grown micro-finance lending exponentially. I&M Bank (Kenya) purchased 50% of a struggling Mauritian bank. Many Nigerian banks have expanded across Africa including UBA Ecobank (a pan-W.African bank) headquartered in Togo is competing all across Africa. East African Breweries (Kenya) dominates the E.African beer market (& beat back SABMiller’s foray in Kenya & Uganda) Kenya Airways is SSA’s pre-dominant carrier. Unlike S.African & Ethiopian Airlines, KQ is privately owned & listed on the NSE & USE. Bakhresa Foods/Millers are dominant in Tanzania and Uganda. Dangote’s firms (Nigeria) is mulling regional expansion. Mabati Rolling Mills of Kenya caters to E,C and S.Africa. Safal Group (headquartered in Mauritius for tax purposes) is in 15 African countries. ScanGroup of Kenya is expanding to Central & West Africa. Olympia Capital (Kenya & Botswana) has various interests in S.Africa.”

This entry was posted on Friday, January 2nd, 2009 at 2:04 pm and is filed under South Africa.  You can follow any responses to this entry through the RSS 2.0 feed.  Both comments and pings are currently closed. 

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Wildcats & Black Sheep is a personal interest blog dedicated to the identification and evaluation of maverick investment opportunities arising in frontier - and, what some may consider to be, “rogue” or “black sheep” - markets around the world.

Focusing primarily on The New Seven Sisters - the largely state owned petroleum companies from the emerging world that have become key players in the oil & gas industry as identified by Carola Hoyos, Chief Energy Correspondent for The Financial Times - but spanning other nascent opportunities around the globe that may hold potential in the years ahead, Wildcats & Black Sheep is a place for the adventurous to contemplate & evaluate the emerging markets of tomorrow.