Some western investors are waking up to the notion that Africa isn’t a country, after all

Wait, what? Africa isn’t a country? Writes Bloomberg: “Investors targeting Africa are broadening their horizons in their search for yield as sluggish growth and policy uncertainty in Nigeria and South Africa, the continent’s biggest economies, weigh on returns. Ivory Coast, Senegal, Ghana, Rwanda and Ethiopia are among countries featuring on the radar screens of investors… ‘There is a more nuanced story in Africa,’ Razia Khan, Standard Chartered Plc’s head of Africa macro research, said. ‘There are pockets of strength and turnaround. Local factors matter much more than they did in the past.’” The entire continent isn’t a basket case? Local factors matter? Shocking. Just … shocking.