Investors look to stock exchanges to tap African growth

Paris

FACING subdued growth at home, a growing number of Western investors are now looking to Africa's "frontier markets" for high returns and hoping the continent's budding exchanges can help them tap the growth.

The IMF predicts sub-Saharan Africa's economy will expand by 5.1 per cent this year and 5.8 per cent in 2015 - the highest growth outside Asia - despite the heavy economic toll from the Ebola epidemic.