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Africa’s ‘country risk’ is not always what it seems
Africa’s story is one of complexity, resilience, and growth. As the continent continues to attract global attention, it is time to move beyond stereotypes and see country risk through a more balanced lens.
When it comes to valuing businesses and assets in Africa, the conversation often turns to “country risk” —but whose risk are we really talking about? For decades, Western investors have viewed Africa through a lens of caution, sometimes missing the nuances that local players understand all too well.
Ask a London-based analyst about investing in Nigeria or Kenya, and you will likely hear about political instability, currency volatility, and regulatory uncertainty. These risks, often amplified in global headlines, can lead to higher discount rates and lower valuations for African assets.
