Sub Saharan Investment Opportunities in Telecommunications: Risk/Reward Analysis

There are only minor changes to our Risks/Rewards Ratings for Sub-Saharan Africa this quarter, mainly in the industry rewards category. South Africa's improved industry risks score allows it to reclaim first place in our rankings, following two quarters in second place behind Nigeria. Botswana's industry risks score has also improved, allowing it to step ahead of Ghana into fifth place. Angola and Gabon maintained their positions in third and fourth place respectively.

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