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African stocks offer untapped opportunities

Associated Press
African stocks offer untapped opportunities

This undated handout photo provided Wells Fargo Funds Management Group shows Derrick Irwin, co-manager of the Wells Fargo Advantage Emerging Markets Equity. Irwin sees plenty of potential for stocks from Africa, despite well-known risks such as political instability. Investment prospects are strong because of the continent’s fast-growing middle class and its abundant natural resources, Irwin says. (AP Photo/Wells Fargo) Line: OF MUTUAL INTEREST-AFRICA INVESTING Q&A BOSTON _ If there's a last frontier for investors, it's Africa. Look beyond the well-known risks, and there are opportunities from the continent's abundant natural resources. More important is Africa’s fast-growing middle class, says Derrick Irwin of the Wells Fargo Advantage Emerging Markets Equity Fund. An indicator of the potential: Guinness sells more beer in Nigeria than it does in Ireland. In a Q&A, we'll get Irwin's take on investing in Africa. By Personal Finance Writer Mark Jewell. AP Photo. Thanks, Ma

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