Strong corporate growth stories at Nigerian companies such as MTN Nigeria and Airtel Africa are not enough to drive the country’s equity market onto the radar of foreign institutional investors.
In front of a shop belonging to telecom operator Airtel, in Nairobi. © AFP Photo/Tony Karumba
Strong corporate growth stories at Nigerian companies, such as MTN Nigeria and Airtel Africa, are not enough to drive the country’s equity market onto the radar of foreign institutional investors. Political and currency concerns in Nigeria are “more of a concern” to foreign investors than corporate growth prospects, and “keep me on the sidelines”, Deirdre Maher, head of frontier markets at Amundi in London, tells
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