Will Africa ever overtake BRIC?

In a bid to secure access to long-term energy supplies and other raw materials to sustain industralisation and production, China has turned to Africa. A region traditionally characterised by high political and security risks, Africa has enjoyed relatively unrecognized economic growth at an average of about six percent over the last decade. [1] In comparison…

Effect of U.S. Rate Hikes on Emerging Markets

After years of flushing the financial system with easy money through multiple quantitative easing programs and low interest rates, the Federal Reserve has finally started to slowly raise interest rates and begin the challenging process of unwinding its massive US$4.5 trillion balance sheet.[1] The U.S. economy has been the centre of focus in this process,…

Infrastructure construction in Nigeria – A real boom?

Since the end of the financial crisis, infrastructure construction is booming in Nigeria. Rapid population growth and urbanisation make infrastructure and real estate construction in the country a necessity. The construction industry is now the second largest employer, growing around 9.5% annually over the past years. Construction is a particularly interesting sector for investment as…