Tanzania
has been placed among the Top 10 most attractive destinations for Foreign
Direct Investment (FDI) in Africa for the period 2015/2016, in a report
recently released by Rand Merchant Bank (RMB) of South Africa.
The report
titled “Where to Invest 2015/2016”, constructs investment attractiveness scores
based on combination of Gross Domestic Product (GDP), forecasted economic
growth for the next five years and an operating environment index.
Tanzania
ranks in the tenth position with an overall punctuation of 5.0 with GDP at USD
79.4 billion, GDP average annual growth of 7.0% in 2013-2018 and operating
environment score of 4.5.
South
Africa heads the list with an overall punctuation of 5.7, GDP at USD 596.5
billion, forecasted GDP growth of 2.7% in 2013-2018 and operating environment
score of 6.4.
In
addition, the report highlights the fact that Africa received USD 57 billion in
FDI net inflows in 2013 which was 7.0% higher than in the prior year.
Tanzania,
which received USD 1.87 billion representing the 3.28% of the total FDI net
inflows that Africa received that year, ranks among the seventeen countries
contributing with more than USD 1 billion to the continent.
