Botswana is in an outstanding position in Africa in terms of attracting investors to its economy, APA learnt here Monday.This is according to Quantum Global’s research arm, Quantum Global Research Lab, which released its latest Africa Investment Index for 2016 recently.
The report said Botswana scored highly based on a range of factors that included improved credit rating, current account ratio, import cover and ease of doing business.
The report said the top five African investment destinations attracted an overall foreign direct investment (FDI) of about P142.9 billion.
Morocco was ranked second on the index based on its increasingly solid economic growth, strategic geographic positioning, increased FDI, import cover ratio, and an overall favourable business environment.
The report ranked Egypt third due to an increased FDI and real interest rates as well as a growing urban population.
South Africa ranked fourth but scored well on the growth factor of Gross Domestic Product (GDP) coupled with an ease of doing business in the country and significant population.
Zambia is the fifth country on the list due to its significant domestic investment and access money supply.