Quantcast
The MFWire
Manage Email Alerts | Sponsorships | About MFWire | Who We Are

Subscribe to MFWire.com's News Alerts [click]

Rating:Mobius Sees PE Opportunities in Africa  Not Rated 0.0 Email Routing List Email & Route  Print Print
Friday, July 05, 2013

Mobius Sees PE Opportunities in Africa

News summary by MFWire's editors

Mark Mobius, executive chairman of Templeton[profile] Emerging Markets Group, said he is excited about new private equity opportunities in Africa, Bloomberg's Renee Bonorchis reports. Templeton has invested $1 billion in Africa, a reflection of the continent's growing $25 billion private equity industry.

The Templeton Africa Fund has investments in Nigeria, South Africa and Egypt and is looking to stocks in the future. These prospects could supplement growing debt and equity markets investment options, Bonorchis writes.

Mobius is focusing on parts of Africa that have not attracted many investors such as Angola and Zimbabwe as the middle class in certain African countries is growing. UBS AG is expanding its wealth management services in Africa as well.
"Wherever there’s money, there’s going to be a need for asset” and wealth managers," Mobius said.
To read the full story, click here

Edited by: Casey Quinlan


Stay ahead of the news ... Sign up for our email alerts now
CLICK HERE

0.0
 Do You Recommend This Story?



GO TO: MFWire
Return to Top
 News Archives
2018: Q4Q3Q2Q1
2017: Q4Q3Q2Q1
2016: Q4Q3Q2Q1
2015: Q4Q3Q2Q1
2014: Q4Q3Q2Q1
2013: Q4Q3Q2Q1
2012: Q4Q3Q2Q1
2011: Q4Q3Q2Q1
2010: Q4Q3Q2Q1
2009: Q4Q3Q2Q1
2008: Q4Q3Q2Q1
2007: Q4Q3Q2Q1
2006: Q4Q3Q2Q1
2005: Q4Q3Q2Q1
2004: Q4Q3Q2Q1
2003: Q4Q3Q2Q1
2002: Q4Q3Q2Q1
 Subscribe via RSS:
Raw XML
Add to My Yahoo!
follow us in feedly




©All rights reserved to InvestmentWires, Inc. 1997-2018
14 Wall Street | 20th Floor | New York, NY 10005 | P: 212-331-8968 | F: 212-331-8998
Privacy Policy :: Terms of Use