"What a great economic tour of Africa! Provides a top-down understanding of Africa's financial opportunities and a bottoms-up view for investing." - William T. Comfort, Chairman, Citibank Venture Capital, Ltd.

"Long overdue! Finally, we have a comprehensive and insightful view of the stock of the stock market investment opportunities in Africa. Yes, 'Tarzan does not live here anymore!' and this book explores the ultimate emerging market with the potential for outstanding investment returns. The book is well organized and gives readers a complete picture of not only all the stock markets in Africa, but also the economic and political background of this exciting area. Case studies and investment examples provide the reader with a realistic view of investing in Africa." - Mark Mobius, President, Templeton Emerging Markets Fund

Vastly promising financial opportunities await savvy investors in twenty-first-century Africa. After decades of successful returns for U.S. multinationals from Coca-Cola to Citigroup to Microsoft to McDonald's. Africa has evolved as the birthplace of more new stock markets than any other part of the world. This authoritative guide provides institutional and sophisticated individual investors with a complete, insider's view of the markets, and:

* Debunks common misconceptions about Africa and explains why it is the ultimate emerging market

* Explains the driving force behind the African economy

* Pinpoints available investment vehicles and resources

* Weighs the potential risks and rewards for U.S. investors

Written by two experts in the field, Investing in Africa contains information on everything from the least known investment opportunities to the world's most recent top performing stock markets--all found within this rapidly evolving, richly promising continent.

Both heads of investment operations focusing on Africa, Beckett and Sudarkasa offer advice to potential investors. They look at the African financial renaissance, explain why the continent is the ultimate emerging market, and discuss taking the plunge. An epilogue explores the role of the Internet, and appendices list such resources as stock exchanges, equity funds, and mutual funds.
Annotation c. Book News, Inc., Portland, OR (booknews.com)

A New Continent of Investment Opportunities Africa has become the birthplace of more new stock markets than any other part of the world and home to the world’s top performing stock markets during the last five years. It also has the least expensive stock prices in the world. Now, two experts on African investment show you how and why to invest in this ultimate emerging market by sharing the dynamic, investor-friendly Africa they know, while debunking common misconceptions and offering investors the opportunity to tap into the exciting potential of this vast continent. Here is a realistic view of steadily evolving post-colonial, post-Cold War, post-apartheid Africa, reflected in strengthened ties with the United States and a growing list of U.S. investors including such corporations as Microsoft, Cisco Systems, and Dell, as well as financial institutions such as Chase Manhattan Bank, J.P. Morgan, and Merrill Lynch. Unprecedented changes in the socioeconomic makeup of Africa have led to a rapidly developing "corporate Africa," with its own versions of Wall Street. Tourism is on the rise, and the globalizing powers of the Internet have had a tremendous impact on the investing climate of a country in which seventy percent of the population is under age thirty. This forward-looking generation will play catalytic roles in their nations’ economies. Investing in Africa illuminates the mechanics, resources, and risks of pursuing foreign direct investment and portfolio investment in Africa by providing a complete, insider’s view of the markets. For those who utilize this information, Africa offers an incredible investment opportunity.

THE AFRICAN FINANCIAL RENAISSANCE CONSIDERED.

Africa, Inc.!

Image Is Everything.

Finding Needles in a Haystack.

A Walk down Africa's Wall Streets.

WHY AFRICA IS THE ULTIMATE EMERGING MARKET.

Unparalleled Opportunity and Potential.

The Economic Growth/Political Stability Factor.

Fast-Growing Sales, Improved Skills, and Abundant Services.

TAKING THE PLUNG--BOLDLY GOING WHERE FEW HAVE GONE BEFORE.

The Art of the Deal--Assessing the Investment Alternatives.

"Buyer Beware"--The Risks of Investing in Africa.

Are You Ready? Get Set, Go!!!!

Epilogue: The Online Revolution is Coming--African Investment in the Internal Age.

Appendices.

Index.