Botswana Most Attractive Investment Destination in Africa
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Botswana Most Attractive Investment Destination in Africa
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* Quantum Global Research Lab launches Africa Investment Index
* Morocco, Egypt, South Africa and Zambia amongst top five investment
destinations
* Top five investment destinations attracted a combined net FDI of $13.6bn
LONDON, April 19, 2017 (GLOBE NEWSWIRE) -- Botswana is the most attractive
economy for investments flowing into the African continent, according to the
latest Africa Investment Index 2016 (http://APO.af/sUtRNQ) by Quantum Global's
(www.QuantumGlobalGroup.com) independent research arm, Quantum Global Research
Lab.
Multimedia content can be accessed here: http://APO.af/ZihCNl.
According to the Index, Botswana, scores highly based on a range of factors that
include improved credit rating, current account ratio, import cover and ease of
doing business.
Commenting on the Index, Prof Mthuli Ncube, Head of Quantum Global Research Lab
stated: "Despite considerable external challenges and the fall in oil prices,
many of the African nations are demonstrating an increased willingness to
achieve sustainable growth by diversifying their economies and introducing
favourable policies to attract inward investments. Botswana is a case in example
- its strategic location, skilled workforce and a politically stable environment
have attracted the attention of international investors leading to a significant
influx of FDI."
According to the report, the top five African investment destinations attracted
an overall FDI of $13.6bn. Morocco was ranked second on the Index based on its
increasing solid economic growth, strategic geographic positioning, increased
foreign direct investment, import cover ratio, and an overall favourable
business environment. Egypt was ranked third due to an increased foreign direct
investment and real interest rates, and a growing urban population. The fourth
country on the list, South Africa, scored well on the growth factor of GDP, ease
of doing business in the country and significant population. Whilst Zambia, was
the fifth country on the list due to its significant domestic investment and
access money supply.
Table: Top 10 and Bottom 10 countries (view the multimedia content
section: http://APO.af/1LpDdA).
Mthuli further commented: "With a population of over one billion people and
rapidly growing middle class, Africa clearly offers significant opportunities to
invest in the continent's non-commodities sectors such as financial services,
construction and manufacturing amongst others. However, structural reforms and
greater private sector involvement are crucial to unlocking Africa's true
potential."
Distributed by APO on behalf of Quantum Global Group.
To the editor:
Construction of the Index:
The AII is constructed from macroeconomic and financial indicators and the World
Bank Group's Ease of Doing Business Indicators (DBI). The DBI ranks countries in
terms of a regulatory environment conducive to business operation. The AII
focuses on 6 pillars or factors from a wider range of investment indicators,
which include the share of domestic investment in GDP, the share of Africa's
total FDI net inflow, GDP growth rate forecast, population augmented GDP growth
factor, real interest rate, the difference of broad money growth to the GDP
growth rates, inflation differential, credit rating, import cover, the share of
the country's external debt in its GNI, current account ratio, ease of doing
business and the country's population size (Figure 1). The AII indicators are
based on secondary data collected from World Bank Development Indicators, IMF
World Economic Outlook, UNCTAD Data Centre and own estimates.
The AII is a combination of individual indicator's rank into a single numerical
ranking. It averages the country's macroeconomic and financial indicators
rankings on the six different factors. Each indicator, and hence factors,
receives an equal weight. Their rank score is then averaged to produce the
total average score which is consequently ranked from 1 to 54. The lower the
value of the ranking, the better the implied business investment climate.
To produce an index score that captures medium-term changing aspects, individual
country's ranking is scaled relative to a benchmark or reference value (i.e.,
the past 3-year rolling average ranking). See Table 1A. In addition to the
intended measurement, this approach enables us to avoid periods of structural
changes (which may compromise the index) that may be present in a longer time
span, whether we consider a change from a reference average value or a
historical reference period.
About Quantum Global:
Quantum Global (www.QuantumGlobalGroup.com) is an international group of
companies active in the areas of private equity investments, investment
management as well as macroeconomic research and econometric modelling. Quantum
Global's private equity arm manages a family of funds targeting direct
investments in Africa in the sectors of Agriculture, Healthcare, Hotels,
Infrastructure, Mining and Timber - as well as a sector agnostic Structured
Equity fund. Our team combines a solid track record and proven expertise to
identify and execute unique investment opportunities with focus on Africa.
Enquiries:
Linda Martin
+ 41 41 560 2900
media(at)QuantumGlobalGroup.com
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The issuer of this announcement warrants that they are solely responsible for the content, accuracy and originality of the information contained therein.
Source: Quantum Global Group via GlobeNewswire
Unternehmensinformation / Kurzprofil:
Datum: 19.04.2017 - 18:42 Uhr
Sprache: Deutsch
News-ID 537114
Anzahl Zeichen: 6663
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