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.
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Africa: Rwanda Among Top 10 Investments Destinations in Africa – Survey
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.
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Zimbabwe: Expel All Chinese Nationals, Says Biti’s PDP Party
ZIMBABWE must, immediately, kick out all Chinese nationals, the opposition People’s Democratic Party (PDP) said Monday.
The opposition party accused Beijing of blatantly pillaging the economically crippled country.
Little of the mega-deals promised by Beijing have materialised but the Chinese have externalised billions of dollars from Zimbabwe, leaving behind a collapsed economy with millions of locals unemployed.
“The PDP calls on all Zimbabweans and other international stakeholders to come together and call for the Chinese to exit our country immediately,” said Willias Madzimure, PDP Secretary for International Relations.
“They (Chinese nationals) have contributed nothing of value except to aid a corrupt and repressive political system while looting away our national resources.”
President Robert Mugabe, a former darling of the West knighted by the British Crown, pivoted towards China after western capitals shut their doors on him; displeased with his violent rule and electoral chicanery – so they charged.
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UGANDAN OPPOSITION FIGURE ARRESTED
On 11 May, media reports and videos emerged of Uganda’s primary opposition figure, Kizza Besigye, staging his own presidential swearing-in ceremony in downtown Kampala. Besigye was then promptly arrested by authorities at the pseudo-inauguration, which took place exactly one day before incumbent President Yoweri Museveni was set to take his official oath of office. Besigye’s act of defiance formed part of an ongoing protest campaign against Museveni and his contentious victory in the country’s 18 February presidential ballot. Opposition actors such as Besigye and his Forum for Democratic Change (FDC) party have continuously denounced the election results, citing allegations of electoral fraud, voter intimidation, and general electoral maleficence. Although a number of protests to this effect have taken place in the post-election period, there has been a notable increase in both the incidence and scale of opposition unrest in the past month. The government in turn has responded forcibly to any opposition gatherings, eventually calling for a ban on all FDC-related activities.
Besigye’s arrest on 11 May was to be expected, given the government’s antagonistic position towards the FDC, as well as the fact that Museveni’s administration has arguably set a precedent for arresting opposition figures on politically motivated charges.
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SITUATION REPORT: NIGER DELTA MILITANTS ISSUE THREAT TO OIL COMPANIES
In Nigeria, the southern Niger Delta-based Niger Delta Avengers (NDA) issued a statement on 12 May threatening to attack oil sector interests in the region if operations are not shut down and staff evacuated within two weeks. The NDA has also reportedly threatened to attack Chevron Nigeria Limited if they attempt to repair an oil pipeline that was destroyed in early May.
Analysis
The NDA has been increasingly active in recent weeks, and has been implicated in several attacks on oil sector-related targets. These attacks, and the recent NDA warning, serve to underscore the elevated and ongoing insecurity in the Niger Delta region, where a number of militant and criminal organisations operate and are involved in agitation aimed at securing a greater portion of oil income, kidnapping for ransom and other acts of criminality. In light of the risk, the authorities may deploy additional military or police personnel to oil processing areas, foreign worker compounds and oil infrastructure sites.
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