SUB-SA­HA­RAN OP­POR­TU­NI­TIES

Finweek English Edition - - INVESTMENT -

JPMor­gan ex­pects eco­nomic growth in sub-Sa­ha­ran Africa to ac­cel­er­ate to 5.2% in 2013 from an es­ti­mated 4.8% this year thanks to higher com­mod­ity prices that will ben­e­fit re­source-rich coun­tries on the con­ti­nent like Nigeria, An­gola, Ghana and Zam­bia. The global in­vest­ment bank ex­pects Brent crude oil to av­er­age $113/bar­rel in 2013 and cop­per price to av­er­age $8850/met­ric ton, around 10% higher than this year’s av­er­age. Bet­ter weather con­di­tions are also pre­dicted to re­sult in im­proved har­vests in South­ern Africa’s agri­cul­tural re­gions, ac­cord­ing to JPMor­gan.

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