Africa’s economic lions poised for growth

Michael Levy, Manager of the Baring Frontier Markets Fund, Baring Asset Management

Nigeria and Kenya should outperform their frontier market peers because of strong economic fundamentals and attractive valuations, managers have said.

Neptune’s Shelley McKeaveney, who runs the group’s Africa fund, said Nigeria’s economic outlook remains robust and valuations are generally undemanding, particularly in the banking sector.

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