East Africa the 'darling' of Africa for investment - report
Rand Merchant Bank’s (RMB) latest ‘Where to Invest in Africa 2014/15 – A Guide to Corporate Investment’ report revealed a drop in Africa’s investment attractiveness ratings in 2014, with 22 countries receiving lower scores than last year. Some deterioration was due to political unrest in North Africa.
South Africa remained Africa’s foremost investment destination and had, in fact, extended its lead despite Nigeria’s becoming Africa’s largest economy.
According to the report, the top ten most attractive investment destinations in Africa, in order of attractiveness, were South Africa, Nigeria, Ghana, Morocco, Tunisia, Egypt, Ethiopia, Algeria, Rwanda and Tanzania.
Regionally, East Africa was by far the “darling” of Africa.
In global rankings, the US regained the top spot from China – representing an improvement in the US economic outlook and an expected slowdown in Chinese growth rates.
Many countries in Africa remain unreformed and unattractive, with the bottom-ranked six countries located on the continent.
By: Natalie Greve
Read the full article here: http://www.engineeringnews.co.za/article/africas-investment-shine-dulls-in-2014-report-2014-09-10