South Africa, Nigeria and Kenya have come out tops as the preferred destination of investors in the African continent. According to a survey conducted by Africa Business Panel among 800 business professionals involved with Africa shows that the three countries were earmarked as the continent’s favourites when it comes to international investment.
Other African countries that made it to the top 10 investment destinations in the continent are Ghana, Angola, Tanzania, Rwanda and Botswana. There are also countries like Uganda and Mozambique are the runners up and complete the top 10 countries for investment out of 53 economies on the African continent. According to the survey, virtually all African economies show promising year-on-year growth. This is attracting the attention of the international investor community who increasingly see Africa as ‘the last frontier’ for attractive growth opportunities. Research and numerous survey results among the international investor community consistently indicate that investors expect over half of the ten fastest growing economies in the world in 2011 to be African.