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'Great Investment Opportunities' in Africa: Strategist

There are a lot of great opportunities to invest in Africa today, said David Riedel, president of Riedel Research Group.

“[Africa] is seeing growth like you’re not seeing anywhere else in the world,” Riedel told CNBC. “I think there’s a huge future in countries like Africa where you’ve got a very large, young population that’s driving a consumer boom.”

“We’re entering in a third phase of investing in emerging markets. You’ve had the manufactured-export trades, you’ve had the commodities trade, and now you’ve got to be focused on the consumer trade,” he said.

Riedel’s Recommendations:

Harmony Gold

Millicom

Disclosure:

No immediate information was available for Riedel or his firm.

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More African Trades:

Gold Fields

Sappi

Sasol

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Disclaimer