Sending your money to Nigeria — just not in response to a scam e-mail from a deposed ruler’s secret son — might actually be a smart move. A growing number of Wall Street pros have been talking up Africa as the next great investment. Goldman Sachs asset-management chief Jim O’Neill, known for spotting the opportunity in Brazil, Russia, India and China and coining the term BRIC, says Africa has interesting potential. Top value investor Chuck Royce has been hunting in South Africa for companies to add to his portfolio. Walmart made a $4 billion bid to buy South Africa’s Massmart.
