Africa's most attractive investment destinations named

South Africa, Nigeria and
Ghana remain the top three
most attractive investment
destinations in Africa.
According to Celeste
Fauconnier, African analyst for
Rand Merchant Bank (RMB),
there have been some changes
to global rankings in the past
year as the continent has
fallen in the global investment
attractiveness rating. This
is only the second time in
a decade that a total of 22
countries have tumbled down
the African rankings.
Fauconnier said the ranking
was based on growth forecast,
actual market size and the
operational environment.
“Interestingly enough Egypt,
which used to be the third
most attractive investment
destination, has moved three
places, while Libya has dropped
out of the top 10 completely.
Algeria re-entered the top 10
after not making the list for
three years and Rwanda has
made it for the first time.”
Other countries in the top 10
are Morocco, Tunisia, Ethiopia
and Tanzania.
“Regardless of xenophobia
and Eskom, South Africa is still
the highest ranking country in
Africa for investment despite
being overtaken in market size
last year by Nigeria,” she said.