{"version":"1.0","type":"rich","provider_name":"Acast","provider_url":"https://acast.com","height":250,"width":700,"html":"<iframe src=\"https://embed.acast.com/$/67c041a43beb1d1463e5fd76/6ae194347aa7eb2c8a0e9073?\" frameBorder=\"0\" width=\"700\" height=\"250\"></iframe>","title":"Frontier Africa’s Equity Rally: Structural or Cyclical? – Tim Staermose","thumbnail_width":200,"thumbnail_height":200,"thumbnail_url":"https://open-images.acast.com/shows/67c041a43beb1d1463e5fd76/1793166113087-ffed0afe-6774-4508-bb4a-c97ae2686a26.jpeg?height=200","description":"<p>Has frontier Africa&#39;s equity rally further to run? And is the resurgence driven by structural transformation or simply another cyclical boom? In this episode, Tim Staermose, Founder &amp; Portfolio Manager of African Lions Fund Ltd, explains why he believes this market remains attractively valued despite significant re-rating. Earnings growth, rather than multiple expansion, has been the main driver of his fund&#39;s returns. He also discusses his benchmark-unaware investment approach, why he considers telecoms particularly attractive, and what international investors are overlooking about Tanzania. Enjoy!</p><p><br></p><p><strong>Learn more about Tim Staermose | Africa Global Funds Ltd</strong></p><p><br></p><p>Twitter: <a href=\"https://x.com/globalvaluehunt\" rel=\"noopener noreferrer\" target=\"_blank\">Tim Staermose</a></p><p>Website: <a href=\"https://africanlionsfund.com/\" rel=\"noopener noreferrer\" target=\"_blank\">African Global Funds Ltd</a></p><p><br></p><p><strong>Learn more about Chipo Muwowo | Allocator Media Podcast</strong></p><p><br></p><p>LinkedIn: <a href=\"https://www.linkedin.com/in/chipomuwowo/?isSelfProfile=true\" rel=\"noopener noreferrer\" target=\"_blank\">Chipo Muwowo</a></p><p>Website: <a href=\"https://allocator.media/\" rel=\"noopener noreferrer\" target=\"_blank\">Allocator Media</a></p>","author_name":"Chipo Muwowo"}