Africa's Oversold Growth Story Has Investors Confronting LossesBy and
Nigeria, South Africa Slump as Ethiopia, Congo Lure Investment
Problems pale beside opportunities, says Templeton's Mobius
Just a year ago, Africa was touted as the next investment El Dorado. Two decades of record growth, a rapidly urbanizing population of 1.1 billion, rising incomes and vast untapped mineral reserves would lead to the creation of a broad middle class, the theory went.
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