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CNBC News Associate
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 [HMY
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Millicom [MICC
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Disclosure:
No immediate information was available for Riedel or his firm.
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More African Trades:
Gold Fields [GFI
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Sappi [SPP
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Sasol [SSL
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Data is a real-time snapshot *Data is delayed at least 15 minutes