Mark Mobius: it’s time to buy Africa

Get in to Africa's stock markets before the multinationals turn up, says veteran emerging markets investor Mark Mobius.

Veteran emerging markets investor Mark Mobius has moved on to new territories now he is encouraging investors to get into Africa. The 75-year-old American was one of the first mainstream fund managers to talk up emerging markets and is now heading up a new Africa fund for giant US fund manager Templeton Asset Management.

Speaking to Investors Chronicle, Mobius admits that investing in Africa isn't easy - but claims the pros outweigh the cons. "Africa is growing very fast in the last decade, six of the ten fastest growing countries were in Africa. The continent is starting from a much lower base and admittedly there are more difficulties, but the growth possibilities are very high."

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James McKeigue

James graduated from Keele University with a BA (Hons) in English literature and history, and has a certificate in journalism from the NCTJ. James has worked as a freelance journalist in various Latin American countries.He also had a spell at ITV, as welll as wring for Television Business International and covering the European equity markets for the Forbes.com London bureau. James has travelled extensively in emerging markets, reporting for international energy magazines such as Oil and Gas Investor, and institutional publications such as the Commonwealth Business Environment Report. He is currently the managing editor of LatAm INVESTOR, the UK's only Latin American finance magazine.