The eighth edition of “Where to invest
in Africa’’ of Rand Merchant Bank has rated Egypt as the most attractive
country in Africa for investment.
in Africa’’ of Rand Merchant Bank has rated Egypt as the most attractive
country in Africa for investment.
The rating identified efficient infrastructure as essential to uncovering opportunities and unlocking Africa’s growth potential.
The co-authors of the publication and RMB
Africa Analysts, Celeste Fauconnier and Neville Mandimika, focused on
the need of efficient infrastructure.
Africa Analysts, Celeste Fauconnier and Neville Mandimika, focused on
the need of efficient infrastructure.
According to the World Bank, the lack of
efficient infrastructure trims up to 2.6 per cent off the African
average per capita growth rate and places serious strain on human
development.
efficient infrastructure trims up to 2.6 per cent off the African
average per capita growth rate and places serious strain on human
development.
Fauconnier said: “The
African Development Bank’s (AfDB) most recent estimation of
infrastructure needs is between US$130bn and US$170bn annually, but the
continent’s available capital is
insufficient to achieve this”.
African Development Bank’s (AfDB) most recent estimation of
infrastructure needs is between US$130bn and US$170bn annually, but the
continent’s available capital is
insufficient to achieve this”.
She added that that the good news is that
this shortfall represents an opportunity to businesses involved in the
development or financing projects of infrastructure projects.
this shortfall represents an opportunity to businesses involved in the
development or financing projects of infrastructure projects.
The top three on the list Egypt, South
Africa and Morocco. Egypt kept their top spot ranking and the country is
Africa’s market in GDP terms. It also boasts of the largest consumer
market in the Middle East and North Africa.
Africa and Morocco. Egypt kept their top spot ranking and the country is
Africa’s market in GDP terms. It also boasts of the largest consumer
market in the Middle East and North Africa.
South Africa also kept their second
position and according to Fauconnier, it is currently a hot spot for FDI
with the President Cyril Ramaphosa efforts to build a $100 billion book
of foreign and domestic investments project on
track.
position and according to Fauconnier, it is currently a hot spot for FDI
with the President Cyril Ramaphosa efforts to build a $100 billion book
of foreign and domestic investments project on
track.
Ranked in third place is Morocco which is
Africa’s fifth largest market. The country has a growth rate
expectation of 4 per cent over the medium term.
Africa’s fifth largest market. The country has a growth rate
expectation of 4 per cent over the medium term.
