The survey sampled 158 international fund managers and investment bankers. Of these 76 (48%) rated
as offering the best prospects for institutional investors over the next five
The other 81 (52%) said
was better. The survey is set to generate renewed international investor
interest in the stock market, stemming the sell tide sparked off by the Crisis
in Eurozone. The market capitalisation has shed off 28 per cent so far. Nigeria
The survey showed a shift to long-term investment strategies from more speculative and short-term bets. A third of the respondents said they will invest at least five per cent of their portfolio in
Africa. This new finding is in sync with our earlier report that said Africa is the next best investment destination. See http://eaers.blogspot.com/2012/01/africa-next-big-investment-story.html
This comes as good news for
that is now seeking a huge
pile of cash to build infrastructure. The country needs more than US $44
billion in the next five- to -eight years to build new ports, roads and
railways and to improve water and electricity supply.http://eaers.blogspot.com/2011/12/kenya-rearing-to-become-ppp-playing.html Kenya
To sweeten the deal,
month table for debate in Parliament a PPP, said Joseph Kinyua, permanent
secretary at the Treasury. The bill will clarify the legal basis for Public-private
partnerships, PPPs, and streamline the contracts. Kenya
Kinyua told a meeting of government departments and private sector representatives that the Treasury would raise some funds for these projects from the private sector.
"It is currently estimated that there is a funding gap of approximately $44 billion that is needed to address the infrastructure requirements in the next five to eight years," he said.
"The PPP (Public-Private Partnership) arrangements, therefore, offer an opportunity for
to attract enhanced private sector participation in financing, building and
operating infrastructure services and facilities in order to close this huge
funding gap." Kenya
In its 2011/12 (July-June) fiscal budget, the government proposed to raise 35.85 billion shillings ($432.7 million) in infrastructure bonds, up from 30.5 billion shillings the previous year.
The government is also in the process of getting a $600 million two-year syndicated international loan to finance infrastructure development.