Miah: The African investable equity universe totals $500 billion across 260 companies
Farouk Miah · Colin Smith and Farouk Miah - Empty Rooms: Investing in Africa (Capital Allocators, EP. 279) · Nov 7, 2022 · at 11:56
Farouk Miah of All Africa Partners defines their fund's investable universe across African public equity markets.
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“The opportunity set, so when we exclude small caps and we exclude commodities, Today, there's around 260 names. In the early 2002, there's about a hundred names. So in terms of names, not significant growth, but when you look at market cap, more importantly, profitability, the USD growth has been very reasonable. And again, a number to focus on today, our opportunity set is just under five hundred billion dollars.”
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