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

Top 10 most innovative telecom operators in the Middle East

With Dubai-based Telecoms World Middle East in full swing, we chart the most innovative telcos from the region – and look at how they are transforming

Top 10 fastest-growing Indian companies in the UK

Business Chief takes a look at the top 10 fastest-growing Indian companies in the UK, according to the India Meets Britain Tracker from Grant Thornton

Top 10 workplaces prioritising people and planet in the UAE

Sustainable, flexible, collaborative, tech-driven, and amenities-rich, the office of the future considers both people and planet – here are 10 in the UAE

Top 10 female HR execs leading Saudi’s workplace transition

Leadership & Strategy

Top 10 largest asset managers by AUM operating in the UAE

Corporate Finance

Top 10 female CEOs leading Africa’s biggest businesses

Leadership & Strategy