Commodities still driving African growth, says Julius Baer's Shalash

The commodities boom has underpinned positive economic developments in Africa, according to Alexander...

The commodities boom has underpinned positive economic developments in Africa, according to Alexander Shalash, manager of the Julius Baer Northern Africa fund. “In recent years, the world’s hunger for commodities including Africa’s hydrocarbons, minerals and agricultural resources has accelerated the integration of the continent into the world economy,” he said. Infrastructure investment is also required to support exploitation of these resources, so other industries also benefit. “That said, it is vital these riches are developed in a sustainable way and the created wealth does not leav...