Mark
Mobius - A couple of years ago, many investors were optimistic about
Nigeria and the stock market was booming, buoyed by strong economic growth and
government reforms to improve the country. However, by 2014, the mood soured
amid a series of unfortunate events, including the terrorist acts of Boko
Haram, an Ebola outbreak and the weakening price of oil, which is the major
source of income for the government and has a big impact on the economy.
Despite these challenges, we continue to pursue long-term investments in Nigeria
for a number of reasons. Not only is Nigeria Africa’s largest economy and a
major consumer market, but the outcome of Nigeria’s presidential election in
March proved its people are ready for change—hopefully for the better.
Nile Capital Management
We Know Africa: From Cairo to Cape Town
For more information please call 646-367-2820
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