Africa remains ‘attractive Foreign Investment destination’ – Rand Merchant Bank (RMB)

At a conference within the week, Rand Merchant Bank (RMB), said South Africa remains the most attractive country in Africa for foreign direct investment, followed by Egypt, Nigeria, Ghana and Tunisia.

RMB analyst Celeste Fauconnier said African countries dominated the list of the world’s fastest-growing economies and were increasingly seen as good places to invest.

“Between 1995 and 2012, Africa has done phenomenally well,” she said. “However, African countries are still a far cry from the leading developed nations of the world.”

According to Ms Fauconnier, investors saw great opportunities for foreign investment, especially in the resources sector, in sub-Saharan Africa.

She said in terms of business and investment, South African companies now operated in every country in Africa.

African countries will continue to be attractive foreign investment destinations, with some Arab African states showing economic resilience, despite political instability following the Arab Spring of 2011, says Rand Merchant Bank (RMB).

Tunisia is among the richest countries on the continent, while other Arab nations such as Morocco and Egypt have also mostly weathered economic pressure arising from the Arab Spring events.

The continent is becoming more attractive than ever before to international investors, and perceptions are becoming more distinctively positive as a result of the improved socio-economic growth that has pervaded the continent. Africa is the region with the fastest economic growth rates and the highest return on investment (ROI), and as the continent continually makes improved strides in political reform, macroeconomic stability and social development, these trends are likely to improve.

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