Africa is possibly the most misunderstood frontier market. The standard western media narrative is that it is conflict ridden and resource dependent. In reality, armed conflicts have declined sharply in Africa in recent decades. There are in fact more conflicts in Asia than in Africa. The UN has noted that:
Moreover, relative to the early 1990s, Africa has experienced a 15 per cent reduction in the average number of armed conflicts. Yet by focusing more attention and coverage on conflicts in Africa than in other regions, the media unwittingly accord a higher “risk premium” to