8 African Countries In The Forefront For Formal Retail Investment In 2017
Tunisia and Morocco – Wildcards
Accessing any North African revival will begin by tapping into Egyptian companies. Which country will be the biggest benefactor after Egypt will be between Tunisia and Morocco. Retail and consumer goods companies have performed well in both countries.
Société d’Articles Hygiéniques or SAH, a producer of disposable household and personal care products in Tunisia, is a perfect example of a company that suffered during the Arab Spring but has outperformed to such a level that it continually attracts private equity investors (Emerging Capital Partners invested in 2008 and exited in 2013 and the Abraaj Gorup invested in 2016).