Africa’s economic giants face increasing competition from upcoming Kenya and Ethiopia
|New Africa Risk-Reward Index provides investors with a synthesis of risks and opportunities across the African continent|
JOHANNESBURG, South Africa, September 14, 2017/ — Africa’s economic giants, Nigeria, South Africa and Egypt, have been stumbling recently. Rising security risks and political instability in Egypt, economic downturn and militancy in Nigeria and escalating political risks in South Africa led to doubts whether the balance between risks and opportunities in these markets is still favourable for businesses. Despite recent recovery in Nigeria and South Africa, Kenya and Ethiopia might soon outshine these heavy-hitters in the competition for investment, according to the newly released Africa Risk-Reward Index developed by Control Risks (www.ControlRisks.com) and Oxford Economics.
Paul Gabriel, Senior Analyst for Africa at Control Risks and lead-author of the report comments:
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