Wednesday, November 17, 2010

Roubini : Africa lucrative market for funds

COPENHAGEN: Fund managers should consider African markets such as Ghana, Kenya, Nigeria and Tanzania rather than chasing crowded emerging market trades elsewhere, economist Nouriel Roubini said.

“It (Africa) is risky because there is less liquidity and the governance is not ideal. But in comparison to 10 years ago when there was civil strife and unstable governments, many things have improved,” Roubini said. Roubini, professor of economics and international business at the Stern School of Business in New York, is best known for forecasting the credit crunch.
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