Monday, May 8, 2017

Most Attractive African Countries for Investment

Ernst and Young published in May 2017 its report on the 25 countries in Africa that are most attractive for foreign investment. The top ranked country in 2017 was Morocco followed by Kenya. Tanzania ranked number 5 and Uganda number 6. Ethiopia ranked number 20; no other country in the Horn of Africa made the top 25.

In 2016, the United States initiated the largest number (91) of FDI projects valued at $3.6 billion dollars and creating 11,430 jobs. France initiated the second largest number (81) of FDI projects valued at $2.1 billion and creating 8,087 jobs. China was third with 66 projects initiated but valued at $36.1 billion and creating 38,417 jobs. The dollar value of this figure needs to be treated with caution as its exceeds China's official cummulative FDI figure for all Africa through 2014.

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