In 2017, various African economies continue to make great efforts to attract foreign investment. Which countries draw the most investors though?
Quantum Global Research Lab have produced the 2017 Africa Investment Index, a list based on a variety of factors such as macroeconomic and financial indicators and the World Bank Group’s Ease of Doing Business indicators.
According to the Index, Botswana scores highly based on a range of factors. These factors include improved credit rating, current account ratio, import cover and ease of doing business.
Below are the 10 most attractive African economies to invest in for 2017, according to Quantum Global’s list:
1. Botswana
2. Morocco
3. Egypt
4. South Africa
5. Zambia
6. Cote f’Ivoire
7. Algeria
8. Tanzania
9. Namibia
10. Burkina Faso
Commenting on the Index, Prof Mthuli Ncube, Head of Quantum Global Research Lab stated: “Despite considerable external challenges and the fall in oil prices, many of the African nations are demonstrating an increased willingness to achieve sustainable growth by diversifying their economies and introducing favourable policies to attract inward investments. Botswana is a case in example – its strategic location, skilled workforce and a politically stable environment have attracted the attention of international investors leading to a significant influx of FDI.”
Source: einnews.com
