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Nigerian Banks Winning Mobius With Asia-Like Growth in Africa


Twenty-four miles northwest of Accra in Ghana, Anthony Botchway rips a pineapple plant from the ground with his bare hands. Wearing dirty boots, a short-sleeved shirt and jeans, he looks like any other farmworker, in a region where the daily minimum wage is less than $2.

The difference is that Botchway owns 7.2 million of the pulpy, yellow fruits. He rose from poverty to become managing director of Bomarts Farms Ltd., which owns and cultivates 3,000 acres (1,200 hectares) of land, partly because he got financial help, Bloomberg Markets magazine reports in its June issue.