A Look at its 15% Share in Sub-Saharan Africa
Tanzania has emerged as one of the top 10 countries for prospective investments in sub-Saharan Africa, according to a report by KPMG. Leading the pack is South Africa, commanding a significant 50% share, followed by Nigeria at 30%, and Tanzania securing a notable 15%. Further down the list are Ghana, Kenya, and Mauritius, each capturing 14%, with Zambia closely trailing at 11%.
In the course of several years, sub-Saharan Africa has consistently presented itself as a region brimming with potential and opportunities, particularly appealing to astute investors. Abundant natural resources, a burgeoning consumer base, and a youthful workforce have rendered numerous countries within this region as alluring destinations for those keen on participating in the unfolding economic growth narrative.
A recent KPMG report, "Doing Deals in Sub-Saharan Africa," underscores South Africa's prominence in the realm of mergers and acquisitions. South Africa takes the lead, accounting for five of the top ten mega deals in the region. Meanwhile, Nigeria boasts two such deals, while Tanzania, Cameroon, and Angola each secure one position within the top ten rankings.
KPMG's survey further reveals that a substantial 50% of prospective investors are looking towards South Africa, with approximately 30% expressing their interest in engaging in business ventures within Nigeria.
Here is the list of the top 10 African countries to keep an eye on for future investments in sub-Saharan Africa:
| Rank | Country | Percentage |
| 1 | South Africa | 50% |
| 2 | Nigeria | 30% |
| 3 | Tanzania | 15% |
| 4 | Ghana | 14% |
| 5 | Kenya | 14% |
| 6 | Mauritius | 14% |
| 7 | Zambia | 11% |
| 8 | Uganda | 10% |
| 9 | Mozambique | 6% |
| 10 | Zimbabwe | 6% |
Tanzania is perceived as a country with a positive investment climate and opportunities for growth, making it one of the top choices for prospective investors in sub-Saharan Africa:
Tanzania's Rank:
Tanzania is ranked third among the top 10 countries for future investments in sub-Saharan Africa, with a 15% share.
Positive Investment Outlook:
The fact that Tanzania is included in the list of top 10 countries for future investments indicates that it is considered an attractive destination for potential investors. It suggests that Tanzania has a favorable business environment and potential opportunities for investors.
Steady Investment Share:
Although Tanzania's percentage (15%) is lower than South Africa (50%) and Nigeria (30%), it still holds a significant share, which demonstrates a consistent and notable interest from investors.
Investment Potential:
The inclusion of Tanzania in this list highlights its investment potential and suggests that it has qualities that make it a promising market for future investments, making it an appealing prospect for investors looking to participate in the region's economic growth.