M a r k e t N e w s

Tanzania among Africa Top Investment Destinations, Report Indicates

Posted on : Monday, 22nd August 2016

 Tanzania was among the leading investment destinations in Africa in 2015, the recently published 2016 African Economic Outlook (AEO) indicates.

The AEO presents the current state of economic and social development in Africa and projects the outlook for the coming two years.

The AEO is a product of collaborative work by three international partners: the African Development Bank (AfDB), the OECD Development Centre and the United Nations Development Programme (UNDP).

The top 10 African investment destinations in 2015 were:

Egypt (USD10.2b)

Mozambique (USD4.7b)

Morocco (USD4.2b)

South Africa (USD3.6b)

Ghana (USD2.5b)

Democratic Republic of the Congo (USD2.5b)

Zambia (USD2.4b)

Tanzania (USD2.3b)

Ethiopia (USD2.1b)

Guinea (USD1.9b) and Kenya (USD1.9b)

 

In East Africa, Tanzania (USD2.3b) and Uganda (USD1.3b) received stable investments in 2015 despite their lack of significant resources, according to the report.

Still, Tanzania and the other East African countries are economically more diverse than resource-rich countries and relatively well-integrated as a region.

East Africa, together with West Africa, is also among the continent’s leading recipients of official development assistance from all recorded donors. Ethiopia (USD3.6b), Kenya (USD2.7b) and Tanzania (USD2.6b) topped the list in East Africa, while Nigeria (USD2.5b)was the leader in the West.

 

Source : www.tanzaniainvest.com
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