More than just a commodities engine say Harry Wuflsohn of Imara Holdings Ltd.
Introduction: Investing in Africa is not what most people think. Harry Wulfsohn, Executive Director of Imara Holdings Ltd., explains the potential gains and pitfalls of investing in Africa.
[01:30] Little known facts about Africa
[03:05] Tertiary sectors (non-commodity) are fueling growth in Africa
[04:50] Social media and personal electronics use are growing
[06:22] European companies are investing in Africa
[08:20] Insurance companies are entering the market
[09:39] How has Africa changed in 20 years
[10:48] What is the role of central banks?
[11:25] African companies benefit from monopoly status in many cases
[13:48] What risk are involved?
[16:12] How serious is corruption in Africa?
About the guest
Executive Director of Imara Holdings Limited and a founder of Fleming Wulfsohn Africa whose main investment is Imara Holdings Limited. Over 20 years financial services experience in Africa and the UK.Has been involved with the Wulfsohn family interests in various sectors across Central and Southern Africa over many years. Former Director of The Stenham Group, for 15 years. Led the transformation of Stenham from a multi-family office with US$1billion AUM into an institutional fund manager with US$6.5billion AUM. Held roles in London as Head of Business Development and COO of Asset Management and in Johannesburg being responsible for trade finance.Qualified as a Chartered Accountant and worked at Arthur Andersen, London, in the Corporate Financial Services and Turnaround division; Holds the Investment Management Certificate of the Institute of Investment Management and Research, London and a BSc (Hons) from Manchester University.
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About the host: Albert Lu is the President & CEO of Sprott US Media.
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Web at http://sprottmedia.com