'Nigeria, Angola are top investment locations in Africa'

A report from Knight Frank has shown that Nigeria and Angola are the most preferred investment locations in Africa.

This is because foreign companies need growing major cities as the locations for their regional offices.

Since Nigeria is now the largest economy in Africa with GDP estimated at $594.3 billion, it only makes sense that it is a top investment location.

Here is what Peter Welborn, the head of Africa, said about the influx of foreign investors.

“We have seen rising interest in Africa from an increasingly diverse range of international investors, developers and occupiers in recent years. The inflow of investment from China into Africa has been well publicised, but there is also growing activity involving investors from elsewhere, including the rest of Asia and the Middle East. While many African countries remain challenging places in which to do business, there are high-growth opportunities across Africa for those able to those able to navigate their way through the markets."

Earlier this month, Albert Orizu, the CEO of Knight Frank Nigeria made five suggestions to the Federal government and new minister of power, housing and works, Babatunde Fashola.