Africa – a new beginning?
Lost in the hoopla of Obamacare website failures, government shutdowns and the Detroit Tigers playoff chase, are economic developments that deserve greater attention and scrutiny. One of the services we subscribe to, Stratfor Global Intelligence, has recently been publishing essays regarding prospective positive developments on the African continent. This region is known for its rich trove of resources, but it is also known for rampant government corruption, civil wars, lawlessness and genocide. A build out of its transportation infrastructure with an attendant efficient means of getting its resources, and eventually, manufactured goods, bodes well both for the welfare of its citizens as well as for global economic growth. We are monitoring these developments with the thought of taking advantage in investment portfolios.
All questions and comments are welcomed.
Bob Bilkie, CFA