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Nigeria, 9 others top list of international investors

By Favour Nnabugwu

Nigeria and nine other countries in  Africa top the list of ten best countries for investment by international investors. The country is the second African country in order of preference after South Africa by the international investor community in 2011.

The others are Kenya; Ghana; Angola; Tanzania; Rwanda; Botswana; Uganda and Mozambique.

A survey conducted by Africa Business Panel shows that the 10 countries were earmarked as the continent’s favourites on investment chart out of 53 economies on the African continent.

According to the survey, Nigeria and the other nine countries have the most desired potentials for international investor community who increasingly see Africa as ‘the last frontier’ for attractive growth opportunities.

The survey also indicated that investors expect over half of the ten fastest growing economies in the world in 2011 to be Africa.

Mr Ogo Ibok, CEO at Skill Enhancement Centre (SENCE) Nigeria ,said that Nigeria has the market for investors.

Ibok said, “Nigeria has a huge population with a huge potential for growth, despite the infrastructural challenges, the opportunities for investors cannot be over estimated. Ghana is an emerging market, with a stable government”.

Sunday Vanguard investigations revealed that it is no coincidence that Nigeria and the nine others selected by the international investor community in 2011 are all sub-Saharan.

Northern Africa suffered a setback in confidence from investors owing to the political turmoil which started at the beginning of the year.


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