Rwanda is one of the 10 most attractive nations in Africa for investors, according to the 2016 Ernst & Young (EY) Africa Attractiveness Index. The country was ranked ninth and the second most preferred investment destination in East Africa after Kenya, which came fourth on the continental ranking and first in the region. Tanzania and Uganda were ranked 12th and 13th, respectively, on the continent.
The report, released last week, evaluates progress made in governance, diversification, infrastructures, business enablement, human development, as well as resilience to current macro-economic challenges.
According to the survey, South Africa is the most attractive nation for investors followed by Morocco, Egypt, Kenya, Mauritius, Ghana, Botswana, Tunisia and Rwanda. Cote d’Ivoire comes tenth.
Though Rwanda, Botswana, and Mauritius are small markets, they have good performances in terms of business enablement, social development and economic management, the survey indicated.