Report indicates that Tanzania is among Africa's Top 10 Investment Destinations

Tanzania was among the leading investment destinations in Africa in 2015, the recently published 2016 African Economic Outlook (AEO) indicates.

The AEO presents the current state of economic and social development in Africa and projects the outlook for the coming two years.

The AEO is a product of collaborative work by three international partners: the African Development Bank (AfDB), the OECD Development Centre and the United Nations Development Programme (UNDP).

The top 10 African investment destinations in 2015 were:

Egypt (USD10.2b)
Mozambique (USD4.7b)
Morocco (USD4.2b)
South Africa (USD3.6b)
Ghana (USD2.5b)
Democratic Republic of the Congo (USD2.5b)
Zambia (USD2.4b)
Tanzania (USD2.3b)
Ethiopia (USD2.1b)
Guinea (USD1.9b) and
Kenya (USD1.9b)

In East Africa, Tanzania (USD2.3b) and Uganda (USD1.3b) received stable investments in 2015 despite their lack of significant resources, according to the report.