Sir Bob warns pensions may miss out on Africa

Financial Times | June 20 2010

Sir Bob Geldof has warned UK pension funds they are missing out on the “last great investment opportunity left” by not placing money in Africa. Sir Bob, who has campaigned on Africa for the past 25 years, made the remarks at an event organised by CDC, a government backed institution that makes private equity investments in sub-Saharan Africa.

He said investors had five to 10 years left to grab the best opportunities, many of which were being snapped up by Chinese investors. Asked specifically about UK pension funds, he said they were “behind the curve. There are pension funds around the world that have got stuck into this.....

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