Boasting abundant natural resources, a burgeoning consumer base, and a youthful workforce, numerous countries have positioned themselves as attractive destinations for those seeking to participate in the region’s economic growth story.
According to a recent report from KPMG, “Doing Deals in Sub-Saharan Africa,” it is South Africa that has been stealing the show when it comes to mergers and acquisitions.
South Africa is on top of the game, making up five out of the top ten mega deals in the region. Two of the deals were from Nigeria, while Tanzania, Cameroon and Angola had one place each in the top ten.
KPMG’s survey revealed that when it comes to future investments, 50% of folks are looking toward South Africa, and about 30% are saying, “Let’s do some business in Nigeria.”
Here are the top 10 African countries to watch for future investments in Sub-Saharan Africa:
| Rank | Country | Percentage |
|---|---|---|
|
1 |
South Africa |
50% |
|
2 |
Nigeria |
30% |
|
3 |
Tanzania |
15% |
|
4 |
Ghana |
14% |
|
5 |
Kenya |
14% |
|
6 |
Mauritius |
14% |
|
7 |
Zambia |
11% |
|
8 |
Uganda |
10% |
|
9 |
Mozambique |
6% |
|
10 |
Zimbabwe |
6% |
