Global Matters Weekly – 10 February 2020

Opportunities to leapfrog in Emerging Markets
by David Lashbrook, CFA

Having personally experienced how the mobile telephone has transformed communications and enabled business in Africa, I wonder if the combination of poor existing infrastructure and technological advancement could transform the retail sector in emerging markets. Just as Kenya-based Safaricom has led the world in mobile money transfers, I wonder if there is an opportunity for Africa to pioneer retail delivery via drone.

Market Snapshot

  • The Coronavirus continues to occupy major news headlines and investor sentiment
  • The US impeachment saga ended on Wednesday as the Senate voted to acquit President Trump
  • Brent crude fell 6.3% ending the week at $54.5 a barrel
  • Gold fell 1.2% ending the week at $1570.4 an ounce