Merryn Talks Money

Why the Next Great Rotation Is to Africa

The continent is nearing the population density Asia had when it started seeing “miracle” levels of growth.
Lagos, NigeriaPhotographer: George Osodi/Bloomberg
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We’ve been waiting for the great rotation. And here it is.

Not long ago the market vibe was to expect a broadening of the bull—such that any company that might see improved productivity from artificial intelligence would soar along with the hyperscalers. The lift-all-boats trade if you like.