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 four in the top 10 countries.
Celleste Fauconnier and analyst at RMB Africa speaking to Money Web explained why.
She noted that Ethiopia's economic growth rate is pegged at 7% and this has been consistent for the past five years.
Rwanda has re-entered the top 10 but Fauconnier noted that their economy though diverse is very small.


Comments

Post a Comment

Popular posts from this blog

43 BUSINESS IDEAS YOU CAN START TODAY WITH LITTLE OR NO CAPITAL

Image
RESEARCH has shown that thousands of university graduates are now opting to become entrepreneurs in their field of study. The study further shows that the reason is not necessary that self employment brings in more revenue but because it comes with more freedom. A self employed doctor or lawyer has absolute control of his time than one in full time employment. The biggest challenge for would be entrepreneurs is start up costs or capital, without which no business idea can take off. Online Business Journal, AFRO-PRENEUR gathered a few business ideas from the Small Business Opportunity Magazine that need minimal or no capital at all but can help you generate enough money to “Pay up some bills”. Below is the list of 43 easy business ideas you can start today without hassling about capital: 1. NEWSLETTER: One doesn’t have to be a genius to write a newsletter other than having a nose for news. Choose something you are interested in and write about it then local companies can place adverts...
Read more

Magufuli: Africa's new buzz word

Image
John Magufuli the president of the Republic of Tanzania. Tanzanian president John Magufuli seems to have become the most popular leader in Africa in the recent past. He owes this to small actions he’s been taking lately. Unlike his predecessors, Magufuli is a 'celebrity president'. Magufuli is the fifth president of the republic of Tanzania since the country attained its independence from British rule in 1961. His rise to power was met with surprise and admiration from not only citizens of Tanzania but many Africans throughout the continent. So why is the name ‘Magufuli’ now the buzz word? Well, it’s not often that you see a president riding a bicycle to cut the cost of fuel used by convoys. That’s exactly what Magufuli did – he rode on a bicycle to the statehouse. This was after he took part in a cleanup campaign where he collected garbage. Names like ‘Mandela’, Uhuru, Jacob Zuma or Mugabe always give news writers or bloggers something to talk about but l...
Read more

5 Ways Artificial Intelligence Can Help With Your Business.

Image
 Artificial intelligence is also known as AI is an increasingly popular topic in the business world. With the capabilities of AI increasing, it can offer businesses an advantage over their competitors. For example, AI can help companies manage their inventory, reduce their risk, and create better customer experiences. Here, you will see how AI can boost your business. AI can help your business in a lot of ways. By implementing AI into your company, you can automate and streamline the processes of your company. It can also improve the efficiency of your company. AI can help by analysing the data that you have collected and helping you make better business decisions. AI can also help your company by automating tasks that are repetitive, tedious, and time-consuming. If you want to implement AI in your company, you’ll need to make sure that you have the proper amount of data. AI can help your business with forecasting, which is a very important part of any company. AI can help pred...
Read more