Nick Ndiritu

Nick Ndiritu

Nick was employed at Allan Gray from 2010 to 2020 and was one of the portfolio managers of the Allan Gray Africa ex-SA Equity Fund and the Allan Gray Africa ex-SA Bond Fund. Nick holds a Bachelor of Science degree in Industrial Engineering from Northeastern University and a Master of Business Administration from Harvard Business School.

Articles by Nick Ndiritu

Insights categories - Markets and economy

What lies ahead for Africa’s frontier markets?

By Nick Ndiritu on 20 Jan 2020

Reading time: 5 mins

At the core of our investment philosophy is a belief that markets are not always efficient or rational. We invest in businesses that we consider to be...

Insights categories - Markets and economy

Broadened horizons, local learnings

By Nick Ndiritu and Leonard Krüger on 22 Oct 2019

Reading time: 7 mins

Leonard Krüger and Nick Ndiritu look at how we have tailored our investment philosophy and process to invest in Frontier Africa markets. They discuss lessons...

Insights categories - Markets and economy

Guarded optimism on new Zimbabwe dollar

By Nick Ndiritu on 03 Jul 2019

Reading time: 5 mins

This past quarter, Zimbabwe reintroduced its national currency, reviving bitter memories of the hyperinflation period before the infamous Zimbabwe dollar was...

Insights categories - Markets and economy

Finding value in frontier African markets

By Nick Ndiritu on 29 Apr 2019

Reading time: 12 mins

Across corporate boardrooms in South Africa, a number of management teams and institutional investors are grappling with a vexing question: Is investing in...

Insights categories - Markets and economy

Riding out volatility in African equity markets

By Nick Ndiritu on 04 Feb 2019

Reading time: 4 mins

Africa’s equity markets delivered disappointing returns in 2018. The MSCI Africa index was down -24%, while the MSCI Africa ex-SA index was down -13%. None o...

Insights categories - Markets and economy

Zimbabwe in transition

By Nick Ndiritu on 06 Jul 2018

Reading time: 6 mins

Zimbabwe’s election on 30 July 2018 heralds a new beginning after the abrupt end to President Robert Mugabe’s 37-year reign in November 2017. We are not...

Insights categories - Markets and economy

Demystifying Africa’s debt markets

By Nick Ndiritu on 15 Feb 2018

Reading time: 4 mins

Investors seeking diversification outside of South Africa can easily overlook the investment opportunities in other African markets. It is tempting to start ...

Insights categories - Markets and economy

Value investing in Nigeria

By Nick Ndiritu on 16 Aug 2017

Reading time: 5 mins

Active managers in Africa and frontier markets have to counter the perceived higher-risk of investing in volatile markets prone to political and economic...

Insights categories - Markets and economy

Valuation of Nigerian and Zimbabwean holdings in the Allan Gray Africa ex-SA Equity Fund

By Nick Ndiritu on 12 May 2017

Reading time: 4 mins

The Central Bank of Nigeria (CBN) has established a new foreign exchange (FX) platform for investors and exporters, effective 24 April 2017. The exchange...

Insights categories - Markets and economy

Investing in Africa’s debt markets

By Nick Ndiritu on 30 Sep 2016

Reading time: 8 mins

Patient capital dedicated to Africa’s capital markets is scarce, especially during economic or political downturns. Nick Ndiritu explains how long-term...

Insights categories - Markets and economy

How to think about risk in Nigeria

By Nick Ndiritu on 11 Jul 2016

Reading time: 4 mins

Our investment approach does not change even during periods of extreme market volatility. As always, we carefully consider investment opportunities where ris...

Insights categories - Markets and economy

Investing in Africa defies a simple narrative

By Nick Ndiritu on 30 Sep 2015

Reading time: 10 mins

Our Equity, Balanced and Stable Funds are allowed to invest up to 5% in Africa outside of South Africa. Some investors may choose to invest directly into...

Insights categories - Markets and economy

The Allan Gray Africa Equity Fund celebrates 15 years

By Andrew Lapping and Nick Ndiritu on 30 Jun 2013

Reading time: 9 mins

When the Allan Gray Africa Equity Fund (the Fund) was launched on 1 July 1998 it was the first unitised product in which Allan Gray Proprietary Limited was...

Insights categories - Markets and economy

The Allan Gray Africa Equity Fund celebrates 15 years

By Andrew Lapping and Nick Ndiritu on 30 Jun 2013

Reading time: 9 mins

When the Allan Gray Africa Equity Fund (the Fund) was launched on 1 July 1998 it was the first unitised product in which Allan Gray Proprietary Limited was...

Insights categories - Markets and economy

Africa's investable universe

By Nick Ndiritu on 31 Dec 2010

Reading time: 7 mins

We expect a change in prudential investment regulations to allow pension fund investors to invest up to 5% of their assets in Africa, in addition to other...

Categories

Select a site

The financial services, products or investments referred to on this website are not available to persons resident in jurisdictions where their availability or distribution would contravene local laws or regulations and the information on this website is not intended for use by these persons. This website is for information only and does not in any way constitute a solicitation or offer by Allan Gray Proprietary Limited or any of its associates or subsidiaries (collectively “Allan Gray”) to buy or sell any financial instruments or to provide any investment advice or service.

By selecting one of the countries below I confirm that I have read and understood the above and that:

(a) I am not a South African citizen; or 
(b) I do not reside in the Republic of South Africa; or 
(c) I am not otherwise a person to whom the communication of the information contained in this website is prohibited by the laws of my home jurisdiction; and 
(d) I am not acting for the benefit of any such persons mentioned in (a),(b) and (c) and 
(e) I confirm that any investment with Allan Gray is based on my own initiative and not due to any offer or solicitation by Allan Gray.