Business in Africa

According to the latest ranking Africa Investment Index 2018 (AII), Morocco is the most attractive economy for investments directed to the African continent. The kingdom is characterized by a particularly favorable business environment, a low risk profile, the size of its economy (5th African power) and strong social capital factors, the report notes. According to recent data from the Moroccan Foreign Exchange, recalls Quantum Global, Morocco has attracted nearly $ 2.57 billion of foreign direct investment (FDI) in 2017, an increase of 12% over 2016 .

Business in Africa 298x300 Business in Africa
Business in Africa

In second place, Egypt, the second largest economy and third most populous economy stands out due to factors such as its liquidity (real interest rate, surplus money supply) or the relative level of its external debt

The improvement of its risk profile combined with significant liquidity, business environment, demographics and social capital placed Algeria third in the second edition of the IIA. Botswana, previously Africa’s leading investment destination in the first edition of the index, ranks 4th with good results for its risk factors and business environment.

Côte d’Ivoire, while being Africa’s fastest growing economy, is performing relatively well in terms of liquidity and risk factors, such as the real interest rate, currency risk and the ratio of the current account.

Africa’s top five investment destinations attracted an overall foreign investment of $ 12.8 billion in 2016, according to the report.

“Despite improvements in oil production and prices, African economies are turning to diversification to boost industrial development and attract investment in strategic sectors other than oil,” said Ncube.

“Uninterrupted flows of FDI,” he continues, “will continue to generate the capital that is so lacking to develop Africa’s key sectors to meet the needs of the rapidly growing middle class on the continent, and to fuel the manufacturing sector. to create more jobs, improve economic growth and support structural transformation “.

In terms of improving rankings over the last three years, countries such as Swaziland, Angola, Rwanda, Chad, Comoros, Seychelles, South Sudan and Sierra Leone have experienced significant leaps on the last 3 rankings.

1- Morocco
2- Egypt
3- Algeria
4- Botswana
5- Ivory Coast
6- South Africa
7- Ethiopia
8- Zambia
9- Kenya
10- Senegal

The 10 least attractive countries are Central African Republic, Liberia, Somalia, Eritrea, Equatorial Guinea, The Gambia, Sierra Leone, Guinea, Sao Tome and Principe and Zimbabwe.

Other countries include Mali (15th), Benin (23rd), Togo (28th), Niger (32nd), Mauritania (39th), Nigeria (14th), Congo (43rd), R & D Congo (27th), Ghana (16th), Tunisia (24th) or Rwanda (19th).

 

Romano Pisciotti: NIGERIA 14th

 

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