{"id":28321,"date":"2018-09-28T08:39:25","date_gmt":"2018-09-28T08:39:25","guid":{"rendered":"https:\/\/v2.ecomnewsmed.com.ecn-01.ovea.com\/2018\/09\/28\/egypt-stays-in-the-lead-in-rmbs-investment-attractiveness-ranking-for-africa\/"},"modified":"2020-08-11T11:34:04","modified_gmt":"2020-08-11T09:34:04","slug":"egypt-stays-in-the-lead-in-rmbs-investment-attractiveness-ranking-for-africa","status":"publish","type":"news","link":"https:\/\/www.ecomnewsmed.com\/en\/2018\/09\/28\/egypt-stays-in-the-lead-in-rmbs-investment-attractiveness-ranking-for-africa\/","title":{"rendered":"Egypt stays in the lead in RMB\u2019s investment attractiveness ranking for Africa"},"content":"\nWhile Ethiopia is set to be the fastest-growing economy in Africa averaging 8.2% for the next six years (which is a slight normalization from the 10% average over the last decade), Egypt was crowned Africa\u2019s best country for investment for the second year in a row. \nThe top three countries from last year\u2019s survey, namely Egypt, South Africa, and Morocco maintained their positions for different reasons.\n\nEgypt is the largest African market in GDP terms. It boasts the largest consumer market not only in North Africa but also in the Middle East;\nSouth Africa has always been a hot spot for foreign direct investment. President Cyril Ramaphosa promised to build a $100 bn book of foreign and domestic investments project;\nMorocco\u2019s business environment has been highly enhanced since the Arab Spring. The country expects a 4% growth rate over the medium term.\n\nSahar Nasr, the Egyptian minister of investment and international cooperation, said that her country has implemented major projects over the last four years in the fields of infrastructure, noting that numerous international institutions have praised Egypt\u2019s finalized projects.\nEgypt is making eyes at African investors \nSahar Nasr expressed her hope that African countries will increase their investment in Egypt, which is likely to happen as Sharm El-Sheikh is set to host the Africa 2018 conference in collaboration with the Common Market for Eastern and Southern Africa (COMESA) Regional Investment Agency from 7 to 9 December with the presence of President Abdel Fattah Al-Sisi and the African presidents and prime ministers.\nFounded in 1977, the RMB is a leading African Investment Bank that is part of the largest financial services groups by market capitalization in Africa (FirstRand Ltd).\nTo see more, discover our latest videos on the Egyptian economy :\u00a0\n\n\n\u00a0\n","author":42,"featured_media":3847,"comment_status":"open","ping_status":"open","template":"","tags":[5754,5752,5764,5761,5763,5751,5756,5753,2961,5750,5759,5762],"location":[5600],"class_list":["post-28321","news","type-news","status-publish","has-post-thumbnail","hentry","tag-business","tag-business-support","tag-communities","tag-decision-makers","tag-direct-broadcasting","tag-economy","tag-employment","tag-entrepriseslife","tag-institutions","tag-news","tag-politics","tag-trending","location-egypt"],"short_url":"","have_related_news":null,"chapo":"Egypt, South Africa, Morocco, Ethiopia, and Kenya have all been rated as the top countries for investment attractiveness in RMB 2019 survey. Celeste Fauconnier and Neville Mandimika, RMB Africa analysts and co-authors of the publication, say efficient infrastructure is the key to uncovering opportunities and unlocking Africa\u2019s potential.","media":{"src":"https:\/\/www.ecomnewsmed.com\/app\/uploads\/2020\/03\/cairo_vue_ciel.jpg","srcset":"https:\/\/www.ecomnewsmed.com\/app\/uploads\/2020\/03\/cairo_vue_ciel.jpg 550w","sizes":"550px","alt":"L\u2019acquisition de CI Capital par Beltone Financial bloqu\u00e9e en Egypte 1","width":550,"height":360,"ratio":0.77,"credit_photo":""},"media-news-header":{"src":"https:\/\/www.ecomnewsmed.com\/app\/uploads\/2020\/03\/cairo_vue_ciel-772x598.jpg","srcset":"https:\/\/www.ecomnewsmed.com\/app\/uploads\/2020\/03\/cairo_vue_ciel-772x598.jpg 1170w","sizes":"1170px","alt":"L\u2019acquisition de CI Capital par Beltone Financial bloqu\u00e9e en Egypte 1","width":1170,"height":658,"ratio":0.77,"credit_photo":""},"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.7 - 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