1. regionS
AfricAn countrieS of the future
African Countries of
the Future 2011/12
Winners
South AfricA hAS been knocked off the top Spot thiS yeAr
with Morocco AwArded the AfricAn country of the
future 2011/12. Jacqueline Walls reportS on the
leAding perforMerS AcroSS the AfricAn continent.
M
orocco has climbed from Mauritius overtakes Egypt
third position in the Egypt fell from second position to
2009/2010 ranking to fourth overall in the 2011/12 ranking.
become the top African Country of According to fDi Markets the country
the Future 2011/12. South Africa was experienced a 30% decline in FDI pro-
placed second, followed closely by jects in 2010 and is struggling to
Mauritius in third. recover, attracting only 16 FDI pro-
Morocco’s success in claiming the jects between January and May 2011.
top position in the 2011/12 ranking is Despite this decline, Egypt ranked
partly down to its success in attracting top in the Economic Potential cate-
FDI projects. According to the special- gory, primarily due to the number of
ist FDI database, fDi Markets, the mega FDI projects locating in Egypt
number of FDI projects into both in comparison with other African
South Africa and Egypt (positioned countries since 2003.
first and second in the 2009/2010 Mauritius moved up the ranking,
ranking) declined, whereas the num- climbing from fourth position to
ber of FDI projects into Morocco was third overall in the 2011/12 ranking.
up 8% in 2010 – one of few countries in Mauritius was awarded the top posi-
the region to experience an increase tion in the Quality of Life category,
in the number of FDI projects in 2010. climbing from fourth in this category
Morocco was also awarded the top in 2009/10.
position in the Infrastructure and FDI fDi’s independent judging panel
Strategy categories. were impressed by the FDI Strategy
South Africa dropped to second posi- submitted by Morocco and so awarded
tion in this year’s ranking, but despite the country the top position in this
witnessing a 13% decline in the num- category. It was followed closely by
ber of FDI projects into the country in Mauritius in second, with South
2010, the latest figures released by Africa, Ghana and Ethiopia complet-
fDi Markets confirm that South ing the top five.
Africa remains the number one desti- In the ranking, which took more
nation country for FDI into the region than four months to compile and
between January and May 2011. involved data collection from 59 coun-
South Africa ranked in the top tries, Rwanda was awarded the top
three of various categories including: position in regard to Cost
Economic Potential, Infrastructure, Effectiveness, followed by Namibia
Human Resources, Business and Zambia in second and third posi-
Friendliness and FDI Strategy. tions, respectively.
August/September 2011 www.fdiintelligence.com 49

2. regionS
AfricAn countrieS of the future
BEst ovErall BEst EcoNoMIc PotENtIal MOST INWARD FDI PROJECTS
raNK couNtry raNK couNtry
1 Morocco 1 egypt SOUTH AFRICA
2 South Africa 2 South Africa
3 Mauritius 3 Morocco EGYPT
4 egypt 4 nigeria
MOROCCO
5 ghana 5 Algeria
6 Seychelles 6 uganda ALGERIA
7 tunisia 7 Angola
8 namibia 8 libya TUNISIA
9 ethiopia 9 tunisia 0 2 4 6 8 10
10 kenya 10 ghana Score
BEst INfrastructurE BEst BusINEss frIENdlINEss INTERNET USERS, PER CAPITA
raNK couNtry raNK couNtry
1 Morocco 1 Réunion (dept of France) MOROCCO
2 egypt 2 South Africa
3 nigeria 3 egypt SEYCHELLES
4 tunisia 4 tunisia
TUNISIA
5 cape Verde 5 Mauritius
6 Seychelles 6 ghana CAPE VERDE
7 réunion (department of france) 7 rwanda
8 Algeria 8 botswana NIGERIA
9 Mauritius 9 Morocco 0 2 4 6 8 10
10 kenya 10 cape Verde Score
BEst for QualIty of lIfE BEst fdI stratEgy LABOUR FORCE
raNK couNtry raNK couNtry
1 Mauritius 1 Morocco NIGERIA
2 Mayotte (territory of france) 2 Mauritius
3 tunisia 3 South Africa ETHIOPIA
4 Seychelles 4 ghana
EGYPT
5 réunion (department of france) 5 ethiopia
6 egypt 6 kenya DEM REP OF CONGO
7 Morocco 7 namibia
8 Saint helena (territory of the uk) 8 Seychelles TANZANIA
9 botswana 8 Saint helena (territory of the uk) 0 2 4 6 8 10
10 South Africa 10 Swaziland Score
BEst HuMaN rEsourcEs BEst cost EffEctIvENEss TOTAL TAX RATE, % OF PROFIT
raNK couNtry raNK couNtry
1 egypt 1 Rwanda NAMIBIA
2 South Africa 2 namibia
3 Algeria 3 Zambia ZAMBIA
4 Morocco 4 ethiopia
BOTSWANA
5 nigeria 5 São tomé and príncipe
6 libya 6 lesotho LESOTHO
7 tunisia 7 guinea-bissau
8 kenya 8 democratic republic of congo MAURITIUS
9 Mauritius 9 botswana 0 2 4 6 8 10
10 tanzania 10 ghana Score
COMPANIES IN HIGH-TECH
MANUFACTURING (2011)
SOUTH AFRICA
EGYPT
TUNISIA
MOROCCO
ALGERIA
0 2 4 6 8 10
Score
50 www.fdiintelligence.com August/September 2011

3. regionS
AfricAn countrieS of the future
JudgINg NotEs
fDi Markets is the only
the only online tool to
benchmark the investment
Magazine, fDi Markets, fDi
Benchmark, fDi Atlas and
PaNEl
online database tracking attractiveness of countries fDi Reports.
crossborder greenfield and cities in more than 55 fDi Intelligence com-
investment covering all sec- sectors. piled most of the data for
stEPHEN HayEs tors and countries world- Its comprehensive loca- the African Countries of the
president, corporate wide. It provides real-time tion data series covers the Future ranking, with the
council on Africa
monitoring of investment main cost and quality com- exception of the FDI
projects, capital investment petitiveness indicators for Strategy. For this category
and job creation with pow- more than 350 locations information was submitted
erful tools to track and pro- around the world. by individual countries and
yvoNNE MHaNgo file companies investing The fDi Intelligence scored by fDi’s independ-
economist, overseas. fDi Benchmark is division now consists of: fDi ent judging panel.
Sub-Saharan Africa,
renaissance capital
MEtHodology Human Resources, Cost was judged and scored by
laNrE aKINola fDi’s Countries of the Future Effectiveness, Quality of Life, the independent judging
editor, this is Africa shortlists are created by an Infrastructure, and Business panel.
independent collection of Friendliness. A seventh cate- Countries scored up to a
data by the fDi Intelligence gory was added to the scor- maximum of 10 points
division across 59 African ing – FDI Strategy. In this under each individual crite-
countries. This information category, 13 countries sub- rion, which was weighted by
was set under six catego- mitted details about their importance to give the over-
oMarI Issa
ceo, investment ries: Economic Potential, promotion strategy and this all scores.
climate facility
for Africa
JudgINg crItErIa HuMan ResouRces
• Labour force
• Firing costs
• Ease of doing business index
• Literacy rate • Number of companies in high-tech
econoMic potential • Number of universities manufacturing
dr JacQuElINE • Secondary enrolment rate • Number of companies in high-tech
• Population
cHIMHaNzI • Population growth rate • Tertiary enrolment rate services
Africa development • Unemployment rate • Number of International Baccalaureate • Number of companies in the
leader, deloitte • Gross domestic product (GDP) growth schools knowledge-based sector
consulting South Africa • GDP by purchasing power parity (PPP), • School life expectancy • Growth of high-tech manufacturing
per capita • Top 100 universities and colleges firms
• GDP PPP, per capita forecast • Education expenditure • Growth of high-tech services firms
• Labour force (information collected by fDi Benchmark) • Growth of knowledge-based firms
• Number of outward FDI projects • Overall growth in the number of
JacQuElINE Walls • Number of inward FDI projects quality oF liFe companies
senior investment • Growth in the number of outward FDI • Benchmark’s quality of life index • Perception of corruption
analyst, fDi intelligence • Prevalence HIV/AIDS • Change in the perception of corruption
projects
• International arrivals • Country risk score
• Growth in the number of inward FDI
• Country risk score • Number of trade agreements
projects
(information collected by fDi Benchmark) (information collected by fDi Benchmark)
• Number of mega FDI projects by capital
expenditure
• Number of mega FDI projects by jobs inFRastRuctuRe FDi pRoMotion stRategy
• Investor signals • Growth in internet users • Number of staff dedicated to promoting
• Internet users, per capita and facilitating inward investment, and
• Top 500 companies
• Telephone mainlines systems or programmes in place to train
• Top 200 banks
• Growth in telephone mainlines staff and measure performance, both
• Growth in imports
• Mobile phone subscribers, per capita individually and organisation-wide.
• Growth in exports • Growth in mobile phone subscribers • Key initiatives implemented to attract
(information collected by fDi Benchmark) • Number of international destinations more investment.
served • Information on high-growth sectors/
cost eFFectiveness • Increase in the number of international sub-sectors that offer potential for
• Cost of registering property destinations inward investment.
• Cost of dealing with construction • Number of ports • Description of incentives available to
permits (information collected by fDi Benchmark) inward investors.
• Total tax rate, percentage of profit • Major infrastructure and urban planning
• Office costs Business FRienDliness projects.
• Industrial costs • Number of jobs created by FDI • The vision for achieving the location’s
• Minimum wage • Growth in the number of jobs created full fdi potential and why it is a location
• Room rate for four-star hotel by fdi of the future.
• PPP rate • Number of days to start a business (information provided by countries and
(information collected by fDi Benchmark) • Hiring costs judged by our judging panel)
August/September 2011 www.fdiintelligence.com 51