Julius Baer sets out case for Africa

Shalash, who manages the firm's Northern Africa fund, argues that there are a number of important factors supporting investment in Africa, particularly political and economic reforms. He highlighted the recent upgrade of a number of Northern African countries in the World's Bank's annual ranking of ease of doing business. He added: "North African countries have also managed to further diversify their economies, with manufacturing and especially tourism, now accounting for a larger share of their economies." Secondly the commodity boom has boosted growth dramatically, according to Shala...