Thursday, June 20, 2019

Business: Cameroon absent from the top 5 African “most attractive” countries

This is the conclusion of the recent study by Havas Horizons and the Choiseul Institut, two French structures.

“Financing Africa’s growth in 2020: perception of international investors. (Financer la croissance africaine à l’horizon 2020: perception des investisseurs internationaux in French)” Such is the recent study by two French firms, Havas Horizons and the Choiseul Institute. The said study covered the 2016-2020 period.

According to the newspaper Ecomatin of Monday, August 29, 2016, one of the missing countries from this list of the top 5 is Cameroon. A country that has yet organized on 17 and 18 May, the international economic conference on the theme “Investir au Cameroun, terre d’attractivité (Investing in Cameroon, land of land attractiveness).” An event whose main goal was to attract more investors to boost the economy. It is clear that despite this initiative, Cameroon failed to feature in the top 5 most attractive countries in Africa.

So Ethiopia, Nigeria, Morocco, Ghana and Senegal are the five most attractive countries for some international investors, the newspaper said. Ethiopia tops because is was popular with 52% of surveyed investors. Moreover, to carry out this study, 55 international investors working in Africa were surveyed. The institutions that were the subject of the survey are among others, Bank of America, BNP Paribas, Edmond Rothschild & Company, Standard Bank, Goldman Sachs. Attijariwafa Bank. However, 75% of investors are optimistic about the economic prospects of Africa in 2016, while 91% are in the medium and long term.

Unlike the 2015 study, the energy sector is bridged criticized by those who were the subject of the survey as being the fastest growing area, the newspaper said. Nevertheless, the improvement of the business climate, structuring areas of free-trade, the development of inter-African trade relations, demographic growth and the emergence of the middle class are among the arguments that justify the optimism displayed by these investors.

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