Africa is 'the most attractive' region for investors

By Bizclik Editor

More than half of all institutional investors view Africa as the most attractive region to invest in the next decade.

A survey by the Economist Intelligence Unit (EIU) found that one in three expect to put at least 5 percent of their portfolios into the continent by 2016.

The 158 institutions asked included pension funds, private banks and hedge funds, with Nigeria and Kenya earmarked as the countries likely to be the best investment returns within the continent between now and 2015. Zimbabwe, Egypt and Ghana were next on the list.

 

READ MORE FROM THE WDM CONTENT NETWORK:

Africa's biggest brands: MTN's recipe for success

The most prestigious cards on the planet

iOS vs Android vs BlackBerry OS

Read the latest edition of African Business Review here

 

"Africa was exclusively seen as a commodity play but now there are real economic growth drivers," said Mohammed Al Hashemi, Chief Executive Officer of Abu Dhabi Invest AD Asset Management, which commissioned the report.

"Africa was a destination for grants and aid but going forward it will be the destination for trade and investment."

Almost half (46 percent) of the investors said that energy and natural resources offer the best investment return over the next three years. Agriculture and agribusiness, construction and real estate and financial services were listed next.

 

African Business Review is now available on the iPad. Click here to download it.

Share

Featured Articles

Middle East GDP hike of 57% if more women join workforce

By tapping into the potential of next-generation female workers, the MENA region could unlock new economic opportunities, up to US$2 trillion, reports PwC

Dialight supplies LED solutions for industrial safety

Reliance on inefficient lighting technologies are not only harmful to the environment, but also increase injury risk and cost

Top 10: Tech, AI, cloud, cyber speakers at TECH LIVE LONDON

TECH LIVE LONDON events sees technology leaders from IBM, Oracle, Vodafone, JP Morgan, Accenture and the US Space Force among the inspirational speakers

Cyber LIVE adds Vodafone head of cyber Kawalec to line-up

Leadership & Strategy

Musk’s multibillion hostile Twitter takeover – the timeline

Leadership & Strategy

Sustainable moves businesses can make to win customers, IBM

Sustainability