‘I’m standing saying that those who miss the boat now, will miss it forever. So if you want to be in Africa, think about investing,’ said Nigerian finance minister, Ngozi Okonjo-Iweala, earlier this year in a public speech.
Before most foreigners had become bullish on Africa, Stephen Jennings, founder of Renaissance Capital, who successfully bet on the opportunities in post-Soviet Russia, put it more pithily when he was quoted in 2007 as saying: ‘If Russia was a once-in-a-lifetime opportunity, sub-Saharan Africa is a second once-in-a-lifetime opportunity.’
