Morocco has been named the most attractive investment destination in Africa, followed closely by Egypt and Algeria.
According to the latest Africa Investment Index 2018 by Quantum Global Research Lab, an independent research arm of Quantum Global, Morocco has a receptive business environment and low-risk profile.
“Morocco has been consistent in attracting an inward flow of foreign capital, specifically in banking, tourism and energy sectors and through the development of industry,” said Prof. Mthuli Ncube, Managing Director, Quantum Global Research Lab.
The index which was released on the sidelines of the Africa CEO Forum in Abidjan measures six major factors: growth, liquidity, risk, business environment, demography and social capital, to determine the investment attractiveness of countries in the medium term.
Ivory Coast which is the fastest growing economy in Africa ranked 5th on the investment index while Botswana, previously ranked as Africa’s top investment destination in the first edition, ranks 4th scoring well in risk factors as well as the business environment.
The other countries among the top 10 most attractive investment destination in Africa are Ethiopia, South Africa, Zambia, Kenya and Senegal.
The bottom 10 African countries in attracting investment are Central African Republic, Liberia, Somalia, Eritrea, Equatorial Guinea, Gambia, Sierra Leone, Guinea, Sao Tome and Principe as well as Zimbabwe.
Zimbabwe’s president, Emmerson Mnangagwa, has made the attraction of foreign investment his priority since taking office in November last year.
Latest Stories
-
Medical Laboratory Professionals threaten to strike over conditions of service
3 hours -
Residents of Anloga, Keta express frustration over ECG billing
3 hours -
I don’t believe in praying in tongues – Strongman
3 hours -
‘After The floods’: VRA and GMet clash over cause of Akosombo Dam spillage disaster
3 hours -
‘After The Floods’: Victims suffer harsh conditions 6 months after Akosombo dam disaster
4 hours -
Akufo-Addo to unveil Otumfuo commemorative stamp
4 hours -
EduSpots distributes over 100 tablets and laptops to 30 community-led education spaces
4 hours -
Taxation is driving away investors – FABAG General Secretary
5 hours -
Effutu MP commissions office for Hepatitis B; absorbs cost of testing, vaccination and management
5 hours -
Bawumia pushes for land digitisation to tackle land guard menace
5 hours -
Faith-based institutions are instrumental in national development – Bawumia
5 hours -
Upholding the Integrity of Presidential Promises: A call to Ghanaian leaders
5 hours -
I don’t start ‘beefs’; I only reply – Strongman refutes claims
5 hours -
Vice President Bawumia promises reforms to turn Ghana’s fortunes around
6 hours -
REGSEC warns encroachers along Tema-Sakumono Ramsar site as it races to prevent flooding
6 hours