Investors pile into African assets as if there’s no coronavirus
‘When even the most vulnerable stories are rallying, it is a measure of how tolerant risk appetite has become’
07 June 2020 - 18:03
Investors are piling into African assets as if the coronavirus pandemic never happened.
Even as questions hang over whether governments in the region will be able to sustainably address the economic and health consequences of the pandemic, stock markets, currencies and bonds have been on a tear since at least the beginning of May. Investors are looking past the risks as unprecedented stimulus by governments and central banks around the world drives down the dollar and reawakens the search for yield...
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