Kenya and Ethiopia, rising economic giants [Business Africa]

Rising economic giants

Nigeria and South Africa may be out of recession, however Kenya and Ethiopia might soon outshine these economic giants in the competition for investment, according to the newly released Africa Risk-Reward Index.

The report compiled by Oxford Economics, an advisory group affiliated with the Oxford University, UK, says rising security risks and political instability in Egypt, economic downturn and militancy in Nigeria and escalating political risks in South Africa have led to doubts whether opportunities in these markets are still favourable for businesses.

Paul Gabriel, senior analyst for Africa of Control Risks joined us from the UK to speak further on the issue.