Entrepreneurship Zone: 01 July 2025: Investors pick four African frontier markets with the promise of super returns
Bulls n Bears
info at bulls.co.zw
Tue Jul 1 10:51:34 CAT 2025
<https://bullszimbabwe.com/>
<http://www.bullszimbabwe.com/> Bullszimbabwe.com <mailto:info at bulls.co.zw?subject=View%20and%20Comments> Views & Comments <http://www.bulls.co.zw/blog> Bullish Thoughts <http://www.twitter.com/BullsBears2010> Twitter <https://www.facebook.com/BullsBearsZimbabwe> Facebook <http://www.linkedin.com/pub/bulls-n-bears-zimbabwe/57/577/72> LinkedIn <https://chat.whatsapp.com/CF6wllAfScU9Wr6dXxoQnO> WhatsApp <mailto:info at bulls.co.zw?subject=Unsubscribe> Unsubscribe
Entrepreneurship Zone: 01 July 2025: Investors pick four African frontier markets with the promise of super returns
<https://www.facebook.com/Hyundaizimbabwe/>
Luanda, Angola
The following article is part of How we made it in Africa’s special coverage of the SuperReturn Africa conference, which took place in Cape Town from 4 to 6 December 2023.
During a session at the recent SuperReturn Africa conference in Cape Town, the panellists, all of whom are investors in Africa, were asked to identify an African frontier market they are optimistic about. Here’s what they had to say:
1. Olu Oyinsan, Oui Capital: Democratic Republic of Congo
Highlighting the Democratic Republic of Congo (DRC) as his top pick, Olu Oyinsan, managing partner of Lagos-based early-stage venture capital firm Oui Capital, pointed to the country’s significant population of 100 million. He emphasised the increasing smartphone penetration and decreasing data costs as key indicators of a growing digital market, which is important for tech investors.
2. Barthout van Slingelandt, XSML Capital: Angola
The Angolan market, says Barthout van Slingelandt of XSML Capital, has shown signs of stabilisation although the depreciating local currency, the kwanza, is still an issue. Africa’s second-largest oil producer is also grappling with a shortage of US dollars. He acknowledged the difficulty in extracting hard currency from the country, though the situation has seen some improvement.
Van Slingelandt observed that Angolan businesses have been underserved with capital. Traditional banks do offer funding, but he sees a lack of flexible financing options. XSML recently provided US$2.5 million loan to support the working capital needs of Advancetire Comercio, a retailer and wholesaler of car parts in Angola.
3. Johannes Gunnell, Maris: Mozambique, DRC and Ethiopia
Johannes Gunnell, a partner at investment firm Maris, shared his views on Africa’s top frontier markets, dividing them into short-, medium-, and long-term opportunities. In the short term, he selected Mozambique, citing the country’s emerging natural gas industry which he expects will boost economic growth. TotalEnergies, operator of the Mozambique LNG project, recently expressed optimism about resuming the $20-billion liquefied natural gas (LNG) initiative in northern Mozambique in 2024. The project was previously suspended in 2021 following attacks by Islamic State-linked insurgents in the Cabo Delgado province.
In the medium term, Gunnell chose the DRC, highlighting its large population and the fact that it is a dollarised economy. He mentioned that having a sizable population is important when looking to sell an investment as foreign investors making their first foray into Africa often prefer countries with large populations. He did, however, point out the challenges posed by the DRC’s inadequate infrastructure.
Long-term, Gunnell is bullish on Ethiopia, largely also because of its sizeable population of over 105 million. He did, however, highlight currency issues as a significant challenge in Ethiopia. The country faces a severe shortage of foreign currency that complicates business operations, particularly in terms of importing essential raw materials.
<https://www.howwemadeitinafrica.com/investing-in-kinshasa-one-of-the-worlds-largest-french-speaking-cities/170152/?relatedposts_hit=1&relatedposts_origin=167432&relatedposts_position=0>
-Howwemadeitinafrica
Invest Cellphone: +263 71 944 1674 | +27 79 993 5557
Email: bulls at bullszimbabwe.com <mailto:bulls at bullszimbabwe.com>
Website: www.bullszimbabwe.com <http://www.bullszimbabwe.com>
Blog: www.bullszimbabwe.com/blog <http://www.bullszimbabwe.com/blog>
Twitter (X): @bullsbears2010
LinkedIn: Bulls n Bears Zimbabwe
Facebook: www.facebook.com/BullsBearsZimbabwe <http://www.facebook.com/BullsBearsZimbabwe>
Skype: Bulls.Bears
DISCLAIMER: This report has been prepared by Bulls ‘n Bears, a division of Faith Capital (Pvt) Ltd for general information purposes only and does not constitute an offer to sell or the solicitation of an offer to buy or subscribe for any securities. The information contained in this report has been compiled from sources believed to be reliable, but no representation or warranty is made or guarantee given as to its accuracy or completeness. All opinions expressed and recommendations made are subject to change without notice. Securities or financial instruments mentioned herein may not be suitable for all investors. Securities of emerging and mid-size growth companies typically involve a higher degree of risk and more volatility than the securities of more established companies. Neither Faith Capital nor any other member of Bulls ‘n Bears nor any other person, accepts any liability whatsoever for any loss howsoever arising from any use of this report or its contents or otherwise arising in connection therewith. Recipients of this report shall be solely responsible for making their own independent investigation into the business, financial condition and future prospects of any companies referred to in this report. Other Indices quoted herein are for guideline purposes only and sourced from third parties.
(c) 2025 Web: www.bullszimbabwe.com <http://www.bullszimbabwe.com> Email: bulls at bullszimbabwe.com <mailto:bulls at bullszimbabwe.com> Tel: +27 79 993 5557 | +263 71 944 1674
-------------- next part --------------
An HTML attachment was scrubbed...
URL: <http://listmail.bulls.co.zw/pipermail/bulls/attachments/20250701/a4cc47a7/attachment-0001.html>
-------------- next part --------------
A non-text attachment was scrubbed...
Name: image001.png
Type: image/png
Size: 9458 bytes
Desc: not available
URL: <http://listmail.bulls.co.zw/pipermail/bulls/attachments/20250701/a4cc47a7/attachment-0002.png>
-------------- next part --------------
A non-text attachment was scrubbed...
Name: image005.png
Type: image/png
Size: 34378 bytes
Desc: not available
URL: <http://listmail.bulls.co.zw/pipermail/bulls/attachments/20250701/a4cc47a7/attachment-0003.png>
-------------- next part --------------
A non-text attachment was scrubbed...
Name: oledata.mso
Type: application/octet-stream
Size: 65574 bytes
Desc: not available
URL: <http://listmail.bulls.co.zw/pipermail/bulls/attachments/20250701/a4cc47a7/attachment-0001.obj>
-------------- next part --------------
A non-text attachment was scrubbed...
Name: image003.jpg
Type: image/jpeg
Size: 29361 bytes
Desc: not available
URL: <http://listmail.bulls.co.zw/pipermail/bulls/attachments/20250701/a4cc47a7/attachment-0002.jpg>
-------------- next part --------------
A non-text attachment was scrubbed...
Name: image002.jpg
Type: image/jpeg
Size: 181810 bytes
Desc: not available
URL: <http://listmail.bulls.co.zw/pipermail/bulls/attachments/20250701/a4cc47a7/attachment-0003.jpg>
More information about the Bulls
mailing list