Africa's Oversold Growth Story Has Investors Confronting Losses

Updated on
  • 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.

To continue reading this article you must be a Bloomberg Professional Service Subscriber.