Originally published: New Business Ethiopia, 16 February 2022
Professional investors forecast dramatic expansion in the levels of investment in Africa by pension funds and large corporates over the next five years.
This is because major funds increasingly regard the continent as an attractive area to invest, new global research for blockchain-based mobile network operator World Mobile shows. The study with professional investors responsible for around $700 billion assets under management by independent research company Pureprofile found one in four are forecasting dramatic growth in institutional investment in the continent over the next five years with 46% expecting some growth. Just 12% expect a drop in investment.
