East Africa is seen to be the preferred investment destination in Africa, according to the fourth annual Rand Merchant Bank (RMB) “Where to Invest in Africa” report. Regionally, East Africa is “by far the darling of Africa.” “Bursting with growthladen economies, it is forecast to grow at an average of 6.3% between 2014 and 2019 but could surpass this if oil and gas activities come to fruition sooner than anticipated,” the report says. Overall, confidence in Africa is declining, with 22 countries receiving a lower rating than in the previous year.
East Africa the 'darling of Africa'
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