African economies easily rank among the most resilient in the world. In the middle of the 2009 global economic recession, Africa was the only region apart from Asia that grew positively, at about 2%. The continent’s growth has been on an upward trajectory ever since then- 4.5% in 2010 and 5.0% in 2011.
Africa is favorably positioned to become the 2nd fastest growing region in the world, and according to the International Monetary Fund (IMF), economic growth across the 54 countries of the continent will hover around 6% in 2012.
A report by the US think tank, Foreign Policy has ranked countries by their attractiveness as investment destinations. This is based on the ease of doing business, the return on investments and the stability of the country.
Political stability, good governance, relative ease in conducting business affairs, strong protection for foreign investments and abundant economic opportunities are some of the key factors that these three countries have in common.
#1. Botswana
Botswana is one of Africa’s least populated and wealthiest countries.
Investors flock to Botswana for the country’s high quality minerals, textiles and agricultural resources.The government has also been praised for its prudent management of these resources.
#2. Rwanda
Rwanda is ranked fifth globally and is renowned for being one of the best places in the world to do business.
Investors have been incentivised by the ease of doing business as it takes 24 hours to register a business in the country. There are also generous tax exemptions for investors.
#3. Ghana
The third best place in Africa to invest is Ghana.
Africa’s newest oil producer is regarded as one of West Africa’s stable havens.
Foreigners are attracted to Ghana’s minerals, energy and agriculture sectors.
Investors receive generous exemptions in customs and taxes.
Good governance and stronger fiscal policies are an added incentive.
#4. Nigeria
Nigeria is currently ranked second in just behind South Africa and ahead of Egypt by RMB as top Africa destinations for investment. Rand Merchant Bank, (RMB) Nigeria’s list of top investment destinations. Nigeria’s GDP is now $268.7bn, according to the World Economic Forum (WEF).
The pillars of RMB Nigeria’s investment rankings are based on growth, market size and operating environment a combination of which makes up total investment attractiveness.
Nigeria is already among the top 10 fastest growing economies globally, while its share of total inward FDI into Africa stood at 12 percent in 2012.
A breakdown of the ranking shows that Nigeria remains the most favourable destination for retail in Africa, driven by demographic gains from increasing population, rising real wages from increase in GDP per capita and growing urbanization.
#5. South Africa
South Africa remains the most attractive corporate investment destination in Africa, Nigeria is nipping at its heels and may overtake it as soon as next year, according to a new survey.
South Africa is 33rd in the overall world rankings with a GDP of $384bn.
South Africa's status is driven by improvements in government efficiency as well as social factors, such as income distribution and gender income ratios, along with economic factors such as the cost of capital and adaptable central bank policies and foreign currency reserves.
South Africa’s growth is weak, but it remains top of the rankings because it had the largest market in Africa and has a sophisticated operating environment.
For example, Nigeria’s growth rate is forecast at 6%-7% a year for the next five years, compared with South Africa’s forecast of 2%-3%.
Africa is favorably positioned to become the 2nd fastest growing region in the world, and according to the International Monetary Fund (IMF), economic growth across the 54 countries of the continent will hover around 6% in 2012.
A report by the US think tank, Foreign Policy has ranked countries by their attractiveness as investment destinations. This is based on the ease of doing business, the return on investments and the stability of the country.
Political stability, good governance, relative ease in conducting business affairs, strong protection for foreign investments and abundant economic opportunities are some of the key factors that these three countries have in common.
#1. Botswana
Botswana is one of Africa’s least populated and wealthiest countries.
Investors flock to Botswana for the country’s high quality minerals, textiles and agricultural resources.The government has also been praised for its prudent management of these resources.
#2. Rwanda
Rwanda is ranked fifth globally and is renowned for being one of the best places in the world to do business.
Investors have been incentivised by the ease of doing business as it takes 24 hours to register a business in the country. There are also generous tax exemptions for investors.
#3. Ghana
The third best place in Africa to invest is Ghana.
Africa’s newest oil producer is regarded as one of West Africa’s stable havens.
Foreigners are attracted to Ghana’s minerals, energy and agriculture sectors.
Investors receive generous exemptions in customs and taxes.
Good governance and stronger fiscal policies are an added incentive.
#4. Nigeria
Nigeria is currently ranked second in just behind South Africa and ahead of Egypt by RMB as top Africa destinations for investment. Rand Merchant Bank, (RMB) Nigeria’s list of top investment destinations. Nigeria’s GDP is now $268.7bn, according to the World Economic Forum (WEF).
The pillars of RMB Nigeria’s investment rankings are based on growth, market size and operating environment a combination of which makes up total investment attractiveness.
Nigeria is already among the top 10 fastest growing economies globally, while its share of total inward FDI into Africa stood at 12 percent in 2012.
A breakdown of the ranking shows that Nigeria remains the most favourable destination for retail in Africa, driven by demographic gains from increasing population, rising real wages from increase in GDP per capita and growing urbanization.
#5. South Africa
South Africa remains the most attractive corporate investment destination in Africa, Nigeria is nipping at its heels and may overtake it as soon as next year, according to a new survey.
South Africa is 33rd in the overall world rankings with a GDP of $384bn.
South Africa's status is driven by improvements in government efficiency as well as social factors, such as income distribution and gender income ratios, along with economic factors such as the cost of capital and adaptable central bank policies and foreign currency reserves.
South Africa’s growth is weak, but it remains top of the rankings because it had the largest market in Africa and has a sophisticated operating environment.
For example, Nigeria’s growth rate is forecast at 6%-7% a year for the next five years, compared with South Africa’s forecast of 2%-3%.
0 comments:
Post a Comment