Why invest in Africa (from Jim SInclair)

This was taken from Jim Sinclair's website www.jsmineset.com
It's very frustraing not presently making windfall profits in the penny stock miners, but frustration won't help you just patience.

Dear CIGAs,

When we were all sitting on the veranda of the office, one leg of the plastic chair I was sitting on collapsed. Now no one can say I do not bend over backwards for CIGAs.

I have travelled from the bush to Mwanza on Lake Victoria and am now on to Dubai, followed then with a 14 hour flight to New York.

It is very hard to leave Tanzania. The sincere respect shown to me there cannot be equalled anywhere.

I spent this morning with the Dar Stock Exchange. It was so thrilling to hear Tanzania in open outcry trading of the companies active here.

In time there will be great profits made with these national exchanges as they become private and Africa grows. For those that doubt this growth, you should have been with me in India in 1985. The idea that the hoards of multi millions in abject and grinding poverty would ever enter a consumer economy appeared then totally impossible. Look at India now.

There are 900,000,000 people in Africa that will build a vibrant consumer industry as has India and other Asian nations.

Africa is rising, of that I assure you.

Asanti Sana,
Jim in Dubai