Investors should rise with the dawn of the African century

Africa has a troubled history and recent years have been difficult. But conditions are ripe for a turnaround in the continent's fortunes – investors should get in early, says Matthew Partridge

Dollar signs dot the countries of Africa on an old, yellow-tinged map
(Image credit: Getty Images)

It has been a tough few years for Africa. The fall in commodity prices over the past 15 years, as well as the Covid shock, caused growth rates to slow in most African countries, as Benoît Chervalier, an investment banker and co-founder of the Business and Industry in Africa Chair at ESSEC Business School, points out. But the future for the continent looks brighter. African GDP is “still growing faster than the rest of the world” and African countries are starting to emerge on the world stage. South Africa is a member of the G20, and regional bodies such as the African Union are “being taken increasingly seriously”, says Paul Jackson, global head of asset allocation research at Invesco. We are merely at the start of what Jackson calls “the African century”.

Should investors turn bullish on Africa?

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Dr Matthew Partridge
Shares editor, MoneyWeek

Matthew graduated from the University of Durham in 2004; he then gained an MSc, followed by a PhD at the London School of Economics.

He has previously written for a wide range of publications, including the Guardian and the Economist, and also helped to run a newsletter on terrorism. He has spent time at Lehman Brothers, Citigroup and the consultancy Lombard Street Research.

Matthew is the author of Superinvestors: Lessons from the greatest investors in history, published by Harriman House, which has been translated into several languages. His second book, Investing Explained: The Accessible Guide to Building an Investment Portfolio, is published by Kogan Page.

As senior writer, he writes the shares and politics & economics pages, as well as weekly Blowing It and Great Frauds in History columns He also writes a fortnightly reviews page and trading tips, as well as regular cover stories and multi-page investment focus features.

Follow Matthew on Twitter: @DrMatthewPartri