Investors in Africa are increasingly able to see beyond negative headlines of violence in nations like South Sudan, Nigeria and Kenya, but they also seek more protection against risk for their business ventures, a senior World Bank official said.
"There was a time when Africa for many investors was just like a big, big country," Michel Wormser, Vice President and Chief Operating Officer of the World Bank's Multilateral Investment Guarantee Agency (MIGA), said.
"When something happened in one side of Africa, it seemed to affect perceptions of the whole continent," he told Reuters in Johannesburg on Tuesday during a visit to South Africa and Namibia.
"This is not the case today. Many investors understand the difference between countries and even understand the difference within a country between regions and sectors," he said.
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