African dream

Regional Focus: Africa

Civil war, drought, disease, corruption and poverty - all words that come to mind when you think of Africa. Not a likely place for funds to invest, one might think. Five years ago you would have been right, investors in the region say, with fund activity virtually non-existent, no new funds and a decline in assets under management.

But now with the African economy growing on average at 5% a year, there are plenty of new players in the market, with at least one new Africa-related fund springing up