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