Saturday, May 2, 2009

Tanzania ranked within top five African investment destinations

DAR ES SALAAM, Feb.19 (Xinhua) -- Tanzania has joined Nigeria, Ethiopia, South Africa and Mauritius as the top five potential investment destinations in Africa, according to a recent African Rainbow survey.

"Africa is going to overtake the Middle East to become the second fastest growing region in the world after emerging Asia," said African Rainbow chief executive Katharine Pulvermacher, "It will be affected by the global financial crisis but it is much less exposed than many places."

The London-based business consultancy firm ranks the 53 countries in Africa in its Star of Africa index in terms of their investment potentials in various aspects.

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