Africa has given a dramatically improved economic performance over the past two decades and is well positioned for this to continue, according to Julius Baer's Alexander Shalash.
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...
To continue reading this article...
Join Professional Adviser for free
- Unlimited access to real-time news, industry insights and market intelligence
- Stay ahead of the curve with spotlights on emerging trends and technologies
- Receive breaking news stories straight to your inbox in the daily newsletters
- Make smart business decisions with the latest developments in regulation, investing retirement and protection
- Members-only access to the editor’s weekly Friday commentary
- Be the first to hear about our events and awards programmes