Tech billionaire and investor, Prateek Suri, has urged investors to look beyond short-term currency fluctuations and focus on Africa’s long-term economic potential, saying exchange rate volatility should not discourage investment across the continent.
Speaking against the backdrop of forecasts indicating continued pressure on several African currencies, Suri argued that currency depreciation is a familiar feature of emerging markets and should be viewed as part of broader economic cycles rather than a reason to withdraw investments.
He said, “Successful investors don’t build strategies around temporary currency movements alone. They focus on economic fundamentals, productive assets and long-term value creation.”
According to Suri, Africa should not be viewed as a single market, noting that while some countries may experience currency pressures arising from external debt, commodity prices and global financial conditions, others continue to record stronger fiscal management, export growth and increased foreign investment.
He identified infrastructure, logistics, mining, technology and industrial
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