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Out of Africa (Maybe)


Boo finds out if emerging markets are more trouble than they're worth.

Everybody's always on the lookout for the next emerging market. And more investors than ever are turning their heads to one unlikely spot: Africa.

Overall, the African economy is growing at around 6%, with certain sectors, like telecommunications, really heating up. Africa now has 300 million cell phone subscribers, with British telecom giant Vodafone (VOD) making a 50% investment in South Africa's Vodacom.

But growth isn't restricted to just cell phones. Africa's financial sector remains impressive as well, with Nigeria's Afribank posting a 76% increase in earnings last year. News is hardly as rosy for such financial stalwarts as Merrill Lynch (MER), Lehman Brothers (LEH) and Citigroup (C).

Join Hoofy and Boo as they journey to Africa to find out which businesses blossom deep in the bush.

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No positions in stocks mentioned.

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