Natural resources the most attractive criteria for investments in SSA – GBF survey
The abundance of natural resources in Sub-Saharan African countries is said to be the most attractive criteria for investments into the African Continent.
This is per the survey conducted by the Dubai Chamber of Commerce & Industry and The Economist Group among 158 global leaders in trade and investment with regards to investment flows into and out of Sub-Saharan Africa (SSA) in the run up to the Global Business Forum Africa (GBFA) scheduled for October 13 and 14 this year.
Per the findings of the survey, economic growth, structure of domestic markets, large and low cost of labour followed abundance of natural resources in that respective order.
Political and social environment came last place in the key criteria for attracting investments into the Continent.
Meanwhile, ninety-six (96) out of 158 trade and investment leaders across the globe have agreed to the fact the agriculture is the most lucrative sector to invest in on the African Continent.
Agriculture was adjudged the best sector for investment flows by trade and investment leaders putting the sector ahead of prominent sectors such as oil and gas, manufacturing and mining.
The retail sector, per the surveyed trade and investment leaders is the least lucrative sector to invest in on the Continent.
