Trade

South Africa, Egypt and Morocco have been ranked the best destinations for foreign direct investment (FDI) on the African continent for the 2009-2010 fiscal year.

A report by the FDI Intelligence, a specialist division of the London-based Financial Times, made the disclosure on Tuesday in New York, US.

It said that the study considered numerous criteria for making such a ranking, i ncluding infrastructures, local strategies for encouraging FDI, the economic potential, human resources, living standards and market openness.

The report, entitled: “African Countries of the Future 2009-2010”, was develop ed by a panel of independent experts, ranking 59 African countries according to the results from the criteria.

The FDI Intelligence provides products, services and business tools that allow companies and economic development organisations to make informed decisions regarding foreign direct investment. Source: (African Manager)