Archive for the ‘Africa’ tag
Zimbabwe’s a buy
Michael Orme makes a compelling case for why this is perhaps the most apt time to invest in Zim. The man is by no means immortal and can clearly lose an election. Sooner or later he will leave and when that happens, as Mr. Orme argues, opportunities abound.
Right from a diaspora returning home with US$2-3 billion to the mother of all Marshall Plans that will surely be mounted by the Bretton Woods institutions et al, his article continues to make a strong case for investing in Zim yesterday. A reminder though that charity’s got nothing to do with it is perhaps most aptly indicated in the sentence;
“[...] providing…Zimbabwe’s 12m people with lifestyles beyond subsistence offers even juicer prospects.”
Capital doing what it does, brutally.
Another one that must whet the appetites of the bonus chasing fund managers is the following assertion;
“If ever there was a group mesmerised by money, afflicted with status anxiety and a craving for conspicuous consumption, it is the tens of millions of well-off newly middle class in the black populations of South Africa, Nigeria, Kenya and Ghana.”
Indeed. How else does one explain Hummers?