Rich US universities looking at investment strategies in Africa

By Tosin Sulaiman. AMERICA’S wealthiest universities are venturing into Africa’s fast-growing frontier markets, in search of outsized investment returns that will allow them to offer scholarships, lure star professors and fund research.
For sub-Saharan Africa, recognition from these deep-pocketed US institutions, who have often earned envy among fellow global investors for their strong returns, marks a significant shift. Read more...