November 9th, 2011
07:52 AM GMT
Share this on:

(CNN) – Is Africa ripe for investing?

While China and India have the fastest rate of growth, Africa has the "best future prospects" says Mark Mobius, who has been a major player in the emerging markets economies since the 1987 launch of Templeton Asset Management.

Today Mobius manages a $50 billion emerging markets fund and was listed by Asia Money Magazine as one of the Top 100 Most Powerful and Influential People.

Despite problems with infrastructure, Africa presents tantalizing prospects for investors, especially as global investors are worry about risks in the developed economies in the wake of the EU debt crisis and tepid growth in the U.S.

"It's the same story all over again just as we saw in subprime (crash of 2008)," Mobius tells CNN. "The first place that people look for cash is in these emerging markets."



soundoff (3 Responses)
  1. Iraj

    Today pepole are awakening all over the world. Look at /watch?v=lXb-LrVkuwMand you will find out. The first of all you have to find the Corruption, and destroy it. Or else nothing get better. America is Suffering today because they havent stoped the EVIL Corrupt pepole!! You have to find them and put them in Gail, and then start a hunest Economy!! First Get Smart!! Dont let anyone Divide and Roll you again. We are all pepole and they are not, they are EVIL!!!

    February 29, 2012 at 5:27 am |
  2. icon designs

    I consider, that you are not right. I am asusred. Let's discuss it.

    hpixel

    September 23, 2012 at 3:05 pm |

Post a comment


 

CNN welcomes a lively and courteous discussion as long as you follow the Rules of Conduct set forth in our Terms of Service. Comments are not pre-screened before they post. You agree that anything you post may be used, along with your name and profile picture, in accordance with our Privacy Policy and the license you have granted pursuant to our Terms of Service.

About Global Exchange

Global Exchange explores how emerging markets are impacting and influencing the global financial community, at a time when business is a vital driver of the international news agenda.

Global Exchange is presented live from Abu Dhabi by emerging markets editor, John Defterios, who will be joined by CNN correspondents from around the world.

Global Exchange also includes the “GX20,” a global hotlist of some of the world’s biggest economic thinkers. The GX20 will be drawn from the key emerging markets, from across China, Russia, India and South Africa, contributing to the show and this blog.

Watch on CNN International Sunday to Thursday:

1100 ET
1600 GMT
1700 CET

Follow the show on Twitter @CNNGlobalEx and use the #CNNGlobalEx hashtag to join the conversation.

 
 
Powered by WordPress.com VIP