Ethiopia has been named one of the top 10 African countries with “dynamic” performance in attracting foreign direct investment by a South Africa-based investment bank on Monday, August 3, 2015.

The report by Rand Merchant Bank states, South Africa tops the list followed by Nigeria, Ghana, Morocco, Tunisia, Egypt, Ethiopia, Algeria, Rwanda and Tanzania.

Market size or Gross Domestic Product (GDP), economic growth (GDP growth forecasts over the next five years), and an operating environment index were factors considered to conduct the survey.

“Rwanda and Ethiopia are the most unexpected countries in the top 10, but both deserve their elevated status. Rwanda’s rating reflects the excellent reforms of the past decade and Ethiopia’s reflects its sheer size and phenomenal growth rates,” said the report.

Source: The Daily Monitor