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Kenya Ranked Africa’s 3rd Best Investment Destination For 2011

Discussion in 'Kenyan News and Politics' started by Smatta, Jun 28, 2011.

  1. Smatta

    Smatta JF-Expert Member

    Jun 28, 2011
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    South Africa, Nigeria and Kenya are Africa’s best investment destinations for 2011, according to the Dutch-based organisation Africa Business Panel.

    The three countries came out tops in a survey among 800 professionals currently involved in the continent. The top ten countries are, in order of preference: South Africa, Nigeria, Kenya, Ghana, Angola, Tanzania, Rwanda, Botswana, Uganda and Mozambique.

    Africa Business Panel said in a statement that all the top ten countries are in Sub-Saharan Africa due to the political turmoil in North Africa, which led to a drop in investor confidence in the region.

    All of the top ten countries, with the exception of Rwanda, are also non-francophone nations.

    The statement continued by saying that almost all African markets are seeing encouraging 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.”

    Lourens van Niekerk, a senior manager at Standard Bank, commented that he sees significant potential in the Angolan market. “Angola is still growing its economy at a massive speed and with the oil price appreciation it is bound to continue. A distinct lack of certain products and services is growing rather than declining and makes Angola a frontier market of the first order.”

    Van Niekerk added that South Africa could be used as a springboard for investment into the rest of the continent. He also said that Accra, Ghana is a good base for doing business in the greater West Africa region.

    Ogo Ibok, CEO of the Lagos-based Skill Enhancement Centre (SENCE), said that Nigeria, with its large population and strong growth potential, holds considerable potential for investment.

    Ibok is also enthusiastic about the progress that Rwanda has made in recent years.

    Kenya Ranked Africa

    Africa's top countries for investment identified

    I am not surprised by the findings on this research, what marvels me is the presence of four of the six East Africa Community countries, this means alot to potential investors, if we can pool our resources together and concentrate in the common market am sure ours will be an example to other countries trying out successful organizations. God Bless East Africa
  2. n

    nomasana JF-Expert Member

    Jun 28, 2011
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    very good news.

    do they consider north africa part of africa because it seems as if north africa wasnt factored in.