Home » Market News » DirectorsTalk Highlights » Top 10 Countries To Invest In Africa
Capital Drilling Plc

Top 10 Countries To Invest In Africa

Painting Africa with the same economic brush is always a mistake; the Africa Rising narrative has cooled down since growth lost momentum in some countries and investors have become more strategic with chasing investment deals.

Egypt remains the most appealing for investors, according to RMB’s Where to Invest in Africa. The Arab country has stabilised its economy since the revolution and coup a few years ago. South Africa continues to be strategic for investors coming into the continent. Nigeria made a comeback into the top 10 this year helped by recovering oil prices and improved access to foreign currency. These three markets form almost 50% of Africa’s nearly US$7trn market size, said the research team at Rand Merchant Bank (RMB).

Capital Drilling Ltd (LON:CAPD) provide complete exploration and production drilling solutions to customers within the global minerals industry, with a focus on the African markets.

To read the full news article please click here

Receive our exclusive interviews – Enter your email to stay up to date.

Disclaimer: Statements in this article should not be considered investment advice, which is best sought directly from a qualified professional.