November 9th, 2011
07:52 AM GMT
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World turns to emerging markets – again

(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."

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Filed under: Africa Inc • Business • Global Exchange

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soundoff (3 Responses)
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    September 23, 2012 at 3:05 pm |

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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.
 
 
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