馃嚦馃嚞NigeriaWest Africa
Prateek Suri optimistic about Africa's currency outlook
via Punch Nigeria9 min read
Tech billionaire and investor Prateek Suri has encouraged investors to focus on Africa's long-term economic potential, despite ongoing currency fluctuations. He stated that exchange rate volatility, a common feature in emerging markets, should not deter investment. Suri, Chairman of Maser Group and founder of MDR Investments, emphasized that successful investors prioritize economic fundamentals, productive assets, and long-term value creation over temporary currency movements. He highlighted that Africa should not be viewed as a single market, noting varying fiscal management, export growth, and foreign investment across different countries. Suri identified infrastructure, logistics, mining, technology, and industrial development as sectors poised for sustained growth. He advised investors to adopt a long-term approach, paying attention to government reforms, regulatory stability, infrastructure development, and local industry strength. Suri, recently named among Gulf Business magazine's Top 50 CEOs and Leaders of 2026, believes Africa's strong economic fundamentals, youthful population, and expanding consumer market continue to attract international capital.
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