Coups in recent years in Mali and Burkina Faso, more coups this month in Niger and **on. Country risk is high, but...(and yes I hesitate to say but because we have seen how things can go REALLY wrong in places like Sudan)...besides changes at the top, most of these countries continue to operate as per usual. The new regimes may decide to take a bigger slice of the pie through taxes or bribes, but they would also be stupid to kill the golden goose that WAF and others provide them.
My point is, there is country risk but sometimes/often it is overblown. I write this as someone currently living in South and East African countries (South Africa, Kenya, Tanzania etc) - as long as palms keep getting greased, the new 'governments' will most likely be happy to continue the status quo for their own benefit. The poverty I have seen in these countries is devastating, however the wealth is also staggering - the rich people I know here are much richer than anyone I know back home in Oz.
Just my 2 cents... As usual, everything is out of our control and as investors in any company we can only pray or suck on a little hopium
Coups in recent years in Mali and Burkina Faso, more coups this...
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