New Star makes case for African investment

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Markets in Sub-Saharan Africa have remained robust and this will continue, despite sharp declines in other emerging markets, according to New Star.

Jamie Allsopp, manager of the group's Heart of Africa fund, believes the abundance of raw materials, including coal, oil and metals, make the continent increasingly important as a source of materials both for developed and developing countries. He said: "Trade between China and Africa is forecast to reach US$100bn a year before 2110, a 10-fold increase in a decade. The oilfields of Angola and the gold fields of Ghana are becoming increasingly important to a world that is adjusting to oil costing upwards of US$100 a barrel and gold US$1,000 an ounce." The export of goods is enriching con...

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