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Original Headline

Is Africa the Next Investment Frontier?

Publication

CNBC Video

Publication Date

21 September 2009

Citadel Capital Chairman and Founder Ahmed Heikal spoke with CNBC saying that for some investors, Africa represents the next big investment opportunity. He told the hosts that Citadel Capital has been “investing in Africa for the last seven years and we are stepping up our investments significantly.” Heikal noted the difficulty in obtaining leverage in Africa as well as the challenges presented to exits and explained the fundamental difference between the firm’s core North African footprint vs. its newer investments in sub-Saharan (particularly Eastern) Africa.