AccentWealth: Tim Staermose, Founder of African Lions Fund, on Investing in African Markets

Tim Staermose is the founder of the African Lions Fund, which invests in sub-Saharan African “Frontier” economies, excluding South Africa. Tim is also an investment writer, and his website - www.GlobalValueHunter.com - is full of global value investing ideas. 

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TIMESTAMPS 

01:10 Perception of Africa (Factfulness book) 

08:25 Long or Short-term opportunity: Main Thesis 

13:25 Asian model will not work in Africa 

16:10 Leading Industries 

18:35 Valuations in Africa 

21:55 Investment process 

29:25 Banking Industry in Africa 

32:10 Position sizing 

35:10 Hedging 

38:50 Taxation of the fund 

40:15 Largest position (NMB Bank - Tanzania) 

48:45 Recent investments (KCB Bank, Equity Bank, Safaricom – Kenya) 

52:40 Selling stocks