Here's a story out of Sth.Africa , maybe 2011 will be the year West African mining really takes off.
Alexander Forbes Risk & Insurance Services.
Press Office Feature : Managing political risk key to investment in Africa.
15th December
Political risk cover making investment possible even in volatile situations.
With the South African construction industry having hit a wall following 2010 and government's nationalisation debate steering new mining investment abroad, political risk experts report a rush of South African businesses into Africa, seen as offering greater returns on investment with comparatively manageable risk.
For example, "The current iron ore rush in Liberia, Sierra Leone and Guinea is seeing South African companies pouring idle plant and machinery into the region" says Tracy de Kock , Manager - New Business, Credit and Political Risks, Alexander Forbes.
As South African business' appetite for African investment grows de Kock and her team are seeing a noticeable expansion in their African political risk book.
(continued)
http://www.itinews.co.za/companyview.aspx?cocategoryid=24&companyid=22619&itemid=72B0CADD-8A0C-4C0D-8898-37E9B170ED92
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