International investors have chosen South Africa, Nigeria and Kenya as the top three African countries on the continent for investment in 2011.
A survey conducted by Africa Business Panel among 800 business professionals involved with Africa shows that the three countries were earmarked as the continent’s favourites when it comes to international investment.
Ghana, Angola, Tanzania, Rwanda, Botswana, Uganda and Mozambique are the runners up and complete the top ten countries for investment out of 53 economies on the African continent.
At the meeting held in Amsterdam, Netherlands early Friday, said virtually all African economies show promising year-on-year growth Which is attracting the attention of the international investor community who increasingly see Africa as ‘the last frontier’ for attractive growth opportunities.
The countries are ranked as:
1. South Africa
2. Nigeria
3. Kenya
4. Ghana
5. Angola
6. Tanzania
7. Rwanda
8. Botswana
9. Uganda
10. Mozambique
The phenomenal success of the mobile payment system Mpesa in Kenya is seen as one that will attract others who are interested in the opportunities offered by the country.
Nairobi is and still continues to be one of the best environments for innovation in Africa.