Profit from the digitisation of Africa

22 May 2020

During the past decade, seven of the 15 fastest-growing economies in the world were located in…. Africa!

For a long time, investors had thought that growth in Africa was limited to basic industries, such as consumer goods, building materials, or traditional banking.

However, it's now the digital economy that is growing the fastest in Africa.

The Dark Continent is leaping forward when it comes to:

• Payments by mobile phone: Africa is now the world's #1!
• Data usage: 800% growth between 2019 and 2024, faster than the US.
• Harnessing tech to improve other industries: 60% of the world's unused arable land is in Africa, and tech (such as mobile phone networks and drones) is making parts of it farmable.

The growth rate of Africa's digitisation is nothing short of spectacular. Basic smartphones are now priced as low as USD 40, which makes them affordable for many Africans. Affordable technologies and rapid population growth make for an explosive mix.

I have found ONE company that is at the heart of this secular growth trend, and whose stock you can trade on the London Stock Exchange. It's a company with a market cap of over USD 1bn, and its management team has created a decade-long track record for operational excellence.

The stock is currently trading at an attractive valuation, but this is not likely going to be the case for much longer. There are already several catalysts for a revaluation on the horizon. I have summarised all this for you in my new 56-page report.

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