Fund manager sees continuing growth from rising African consumer markets juggernaut

“Africa is fast becoming an important profit driver for some of the largest multinational consumer based companies,” says Insync’s Monik Kotech.

Africa will be the next big growth region over the coming decades.

Insync Funds Management is predicting that Africa will be the next big growth region for stock pickers.

The fund manager’s Chief Investment Officer, Monik Kotecha, said that investors will soon be talking about Africa as they used to talk about Asia and Latin America. Already, companies like Coca-Cola and Danone anticipate further penetration of their brands as per capita income continues to rise.

Read more: Fund manager sees continuing growth from rising African consumer markets juggernaut

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