Farm workers from a Sugar Cane plantation stand outside of their homes on the outskirts ot Eshowe, South Africa, on November 6, 2014. AFP PHOTO/GIANLUIGI GUERCIA
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Ebola, terrorism and political upheaval – headlines from Africa over the past year – seem a far cry from the inspiring 'Africa Rising' story. But there are many investors who have not lost faith in the continent's potential.Sub-Saharan African growth should top 5 percent this year, the International Monetary Fund says, rising to 5.8 percent in 2015 . Nigeria, Africa's biggest economy, should grow by 7.3 percent next year, and Kenya by 6.2 percent.MSCI's emerging and frontier Africa ex-South Africa index has gained 1.2 percent this year, almost on a par with global shares.African sovereigns have emerged as keen borrowers on global capital markets, and that is unlikely to die down, said Matt Robinson of Moody's Africa Sovereign Ratings Team.Dollar bond yields across Africa offer investors a spread of 305 basis points over U.S. Treasuries, compared to 287 basis points in emerging Europe or 191 basis points in Asia.
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