"Is Sub-Saharan Africa now a more attractive destination for investment than yester-years?This article was from a recent online issue of all Africa.com. Upon reading this, my initial thoughts were this dovetails nicely with some of the most recent discussion which have taken place here on The Benin Epilogue lately. So in a sense it also serves as a bit of a self-reminder for me that things are looking up!
The World Bank appears to give an optimistic overview in a new report, just released Thursday. Titled 'Snapshot Africa', the report is a result of a survey conducted by the Multilateral Investment Guarantee Agency (MIGA), the Bank's private sector arm specialised in promoting investment in emerging economies.
The report says about 300 investors, both local and foreign, were interviewed. It compares operating costs and conditions for investors in six industries in nine countries in the region that included Ghana, Kenya, Lesotho, Madagascar, Mali, Mozambique, Senegal, Tanzania, and Uganda.
The study, designed to help investment promotion intermediaries in developing countries attract foreign direct investment (FDI), is the fifth in a series of sector analyses under MIGA. Among sectors sampled include textiles, apparel, food and beverage processing, horticulture, tourism, and call centers."