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AfricaJanuary 31 2011

Private equity firms scramble over Africa's potential

A banking sector ripe for development, family businesses ready to go global and resource-rich nations with cash aplenty have meant private equity firms are buzzing over Africa's untapped potential. The scramble for the continent's middle-class custom has begun and investors are jostling for position.
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Private equity firms scramble over Africa's potentialChanges to pension rules in South Africa will benefit the stock exchange in Johannesburg

Enjoying its status as the last frontier for business opportunities, Africa – despite the conflicts, rampant corruption and chronic instability – still has good reason to rejoice.

When the basic data is laid out, it becomes understandable why portfolio investors from across the globe are flocking to the continent. With a population exceeding 1 billion, it remains an attractive market in which many private equity firms are now thriving.

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