Egypt 'most alluring' African country for investors

Cairo – September 15 (SEE): Egypt has been ranked as the most attractive country in Africa for investment by the eighth edition of “Where to invest in Africa’’ of Rand Merchant Bank, media reports said.

Efficient infrastructure was identified by the rating as essential to uncovering opportunities and unlocking Africa’s growth potential.Celeste Fauconnier and Neville Mandimika, the co-authors of the publication and RMB Africa Analysts, highlighted the importance of efficient infrastructure.

According to NAN, the top three on the list are: Egypt, South Africa and Morocco. Egypt kept their top spot ranking and the country is Africa’s market in GDP terms. It also boasts of the largest consumer market in the Middle East and North Africa.Ranked in third place is Morocco which is Africa’s fifth largest market. The country has a growth rate expectation of 4 per cent over the medium term.