Value investors, trying to buy a dollar for 50 cents, are increasingly turning to Africa for its natural resources, young workforce and economic strength. Sub-Saharan Africa may be a value investor’s Garden of Eden. Larry Seruma, CIO of Nile Capital Management, discusses with TheStreet’s Cherella Cox, investing in Africa, his fund’s recent Thomson Reuters Lipper award for being the No. 1 Emerging Markets Fund, and how to avoid the snakes in the resource-rich continent.
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