An advisory council appointed by US Secretary of Commerce Penny Pritzker to expand business opportunities in Africa is now in full swing. The President’s Advisory Council on Doing Business in Africa (PAC-DBIA) includes two CFA charterholders with deep knowledge of Africa.
Melissa Cook, CFA, is founder and managing director of African Sunrise Partners, a New York-based investment strategy firm focusing on Africa. Walé Adeosun, CFA, is founder and CIO of Kuramo Capital Management in New York City, which provides investment management services to institutional investors focused on alternative assets in emerging and frontier markets. In this interview with CFA Institute Magazine, they discuss the challenges and opportunities of investing in Africa, the growing importance of Africa for investors and the companies in which they invest, and why “the opportunity cost of delaying is higher than it may seem.”