CNBC Stock Blog
- 10 Dividend Picks For Your Portfolio: Chief Investors
- 4 Thanksgiving Week Buys For Your Portfolio: Market Pros
- There's a 'Great Chance' For a Double-Dip Recession: Strategist
- Retail Earnings and Sales to Improve in Q4: Analyst
- 4 Food Stocks to Stuff in Your Portfolio: Analyst
- S&P at 1050-1200 Trading Range Next Year: Strategist
- Art Cashin: Caution 'Growing' in Financials, Dividend Moves
- 3 Software Stock Picks from Lazard's Senior Analyst
- Investors Bet on a New Year's Rally For eBay
- Why You Should Play the Reflation Trade: Stock Picker
MOST SHARED
- Kuoni CEO Sees Recovery in Travel Sector
- Gold Retreats from Record High as Dollar Rebounds
- Chinese Overcapacity is Worsening, EU Chamber Warns
- Dubai Struggles to Ease Debt Fears; Investors Rattled
- Wal-Mart Price Pressure Hurts China Workers: Report
- Fannie Mae to Tighten Lending Standards: Report
- Hyundai-Kia Targets Rapid China Growth in 2010
- China Unveils Carbon Target Ahead of Copenhagen
- Great Britain, No Longer That Great: Investor
- 4 Thanksgiving Week Buys For Your Portfolio: Market Pros
- There's a 'Great Chance' For a Double-Dip Recession: Strategist
- Revenge of the Gangsta Nerds
- Will TCU See The "Flutie Effect?"
- Retail Earnings and Sales to Improve in Q4: Analyst
- Consumers Catching the Holiday Spirit
- It's Beginning To Look A Lot More Riskless
- Crescenzi: Claims Level Suggests End to Job Losses
- Hedge Funds Take Early Lead in Warren Buffett's 'Big Bet'
- Dubai Struggles to Ease Debt Fears; Investors Rattled
- Fannie Mae to Tighten Lending Standards: Report
- Black Friday to Avoid Red Ink; Greenback Gets the Blues
- Investing in Good Karma – and Making a Profit
- Retailers Should Believe in Christmas Miracles
- Wal-Mart Price Pressure Hurts China Workers: Report
- Bankruptcies Jump, Hitting Highest Level in Four Years
- Steepest Black Friday Discounts, Revealed
- Where Do Pardoned Turkeys Go?
RSS FEED
CNBC News Associate
African countries are improving politically and economically and their businesses are doing "great," said Lawrence Speidell, portfolio manager at Frontier Market Asset Management.
“The story of Africa isn’t really a headline story, but a more day-to-day hard work and a virtuous circle,” Speidell told CNBC.
“Our theme in Africa is to focus on the rising middle class.”
He said companies such as Nestle, Cote d’ivoire, Unilever [UN
Loading...
()
] and Swissport International are some global multi-national companies that have established presence around Africa.
“The financials in Africa basically make money the old fashioned way. They take deposits and make careful loans. Huge net interest margins, low loan deposit ratios, good quality banks,” he said.
Investing in Other Regions:
Disclosure:
No immediate information was available for Speidell or his firm.
______________________________
______________________________
Unilever Competes With:
Kraft [KFT
Loading...
()
]
Procter & Gamble [PG
Loading...
()
]
Johnson & Johnson [JNJ
Loading...
()
]
Kimberly-Clark [KMB
Loading...
()
]
______________________________








