Why Egypt is the best place Where to Invest in Africa
Cairo, Egypt (Sourced from Wikipedia) Egypt is now Africa’s number the most attractive place for investing beating South Africa which has dropped to the second place. This was revealed in the Rand Merchant Bank ( RMB ) Where to Invest in Africa 2018 report released on Monday 18, 2017. The big question is how did Egypt jump to the first position? According to the RMB’s report whose theme is ‘Money Talks’, Egypt owes this to its superior economic activity score and the sluggish growth rates in South Africa. In the past seven years, South Africa’s growth rate has dropped giving rise to other economies to move up in the top 10 list of Where to Invest in Africa. Nigeria which has also enjoyed a position in the top 10 countries was moved off the list. RMB blamed this on the country’s erosion of the short term investment appeal due to a recession. Now even more surprising is that Ethiopia has overtaken East African giants Tanzania and Kenya earning a position at number fou