Posts Tagged ‘promising African countries’

Promising African Countries To Invest In

Aside from South Africa and Nigeria, there are also other countries where a business strategic planning can dictate the campaign of an investment. Countries where risks are stepped on by an organized business environment and of course, flooding opportunities. The two aforementioned nations were the most-sought after economies by many foreign investors. But by looking further, opportunities are not just in South Africa and Nigeria. It is raining business hopes all over the region. From 53 countries, more than half of it were great places to develop any ventures.

Star Africa, a London-based business consultancy group handled by the African Rainbow Consulting, conducted a survey wherein the results came out were praises on many African nations. According to them, the top five potential African investor destinations, from top 1 to to top five are: Nigeria, Ethiopia, South Africa, Mauritius and Tanzania. Also from the report, few more years, Africa is gonna be able to surpass the Middle East to become the second fastest growing region, after overtaking Asia.

From 53 African countries, the survey was conducted basing on the criteria of good governance and social capital of many nations as well as the sector of electricity, internet, telecommunications and water supply and irrigation.

Among the top five, Ethiopia, Mauritius and Tanzania are a little unfamiliar to investors. They were not that noticeable for many until progress on different sectors occur on them.

Prior to the released survey result, investing in Ethiopia is advisable because of the following:

  • stabilized political climate
  • Liberalized free market economy
  • fair macro economic policies and stable foreign exchange regime
  • potential market with 57 million people
  • direct access to other 23 African countries
  • Huge domestic raw material base
  • Abundant and inexpensive labor force
  • Strategic location with proximity to the lucrative markets of the Middle East, Europe and Asia
  • Participation in the privatization opportunities

It is also likeable to invest in Mauritius because of the following advantages:

  • Democracy and a stable Government
  • A very good infrastructure with superb communications
  • An excellent network of sea and air transport
  • A free market economy anchored on export oriented activities
  • A highly literate, bilingual and friendly labour force.
  • High standard of living, good international schools
  • Favourable market access and very good incentives
  • An experienced financial sector providing excellent services

Tanzania is also a haven for investors because:

  • there is political stability
  • macroeconomic framework
  • An experienced financial sector providing excellent services
  • Protection against nationalization
  • transfer of capital or profits
  • settlement of dispute
  • access to credit from domestic resources
  • and reliable investment support institutions.

This is report by the Star of Africa is a support to those who want to help Africa without providing aid. Because there are a lot of them that has the intention, there are only few reliable information available to urge them.