Tim Staermose is the founder of the African Lions Fund, which invests in sub-Saharan African "Frontier" economies, excluding South Africa. Tim is also an investment writer, and his website - www.GlobalValueHunter.com - is full of global value investing ideas.

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TIMESTAMPS

01:10 Perception of Africa (Factfulness book)

08:25 Long or Short-term opportunity: Main Thesis

13:25 Asian model will not work in Africa

16:10 Leading Industries

18:35 Valuations in Africa

21:55 Investment process

29:25 Banking Industry in Africa

32:10 Position sizing

35:10 Hedging

38:50 Taxation of the fund

40:15 Largest position (NMB Bank - Tanzania)

48:45 Recent investments (KCB Bank, Equity Bank, Safaricom – Kenya)

52:40 Selling stocks