PRZOOM - /newswire/ -
Sandton, Gauteng, South Africa, 2010/02/11 - The outlook for global economic growth in 2010 has improved. But, economists still are wary of the economic recovery cycle. Investors need options which will work either way the pendulum decides to swing. Africa is one of those options.
According to the International Monetary Fund, global economic growth will get close to 4% this year. This means investors will be looking for additional opportunities for growth, including stock assets.
While investors have been pouring investments into BRIC, the FIFA World Cup in South Africa will not only draw attention to the sport, but to the continent as a whole. This includes business and investment opportunities.
To respond to the growing interest in African stock markets, Afribiz started 2010 with an information series called, “A Picture of the African Capital Markets.” Reader response indicated a hunger for more information, so today we launch the monthly information tool called the “AfriStock Monthly Snapshot.”
Each month the “AfriStock Monthly Snapshot” will cover the movements in the major African stock market indices. It will also include special topics on different sectors and countries active in the African stock markets.
The inaugural piece outlines the performance of the major African stock markets. It also touches on the economic growth pattern of Africa as whole compared to other global regions like Asia, as well as the economic growth pattern for several African countries for the last decade, including Ethiopia, Angola, South Africa, and Zimbabwe.
The lead contributor for the “AfriStock Monthly Snapshot” is Hartmut Sieper of Trans Africa Invest located in Germany. Sieper is an experienced investment banker with a focus on African investment and business portfolios. Sieper is also the author of “Investing in Africa,” which was first released in German in 2009 and will be released in English-speaking markets in 2010. He also advises a Luxembourg-based, open-end, Pan-African mutual fund.
Sieper says, “part of the lack of investment in Africa results from inadequate and inappropriate coverage of Africa. With the Afribiz monthly contribution, we hope to provide the broad global audience with regular information on the ‘real’ Africa.”
Afribiz is a “new economy” communication and community ecosystem focused on promoting increased economic opportunity and successful trade between Africa and the world, as well as between African countries. The driving factor is to support broad-based economic development through for-profit enterprise based on open, inclusive markets.
The ecosystem includes provisioning of information, intelligence, and insights about business and investments in Africa. Afribiz uses web, multimedia, print, radio and TV platforms to interact with the public and its members. It is a key brand of BizConcierge PTY LTD of South Africa.