Nigeria and Ethiopia have topped a new index that ranks each of Africa's 53 countries in terms of investment potential.
The Star of Africa, launched by African Rainbow Consulting, is a weighted index based on governance and social capital as well as Africa's electricity, water (supply, sanitation and irrigation), internet and telecommunications sectors.
The index is designed to help investors and entrepreneurs to establish which countries offer significant risk or opportunity for successful long-term investment.
Topping the index is Nigeria, which, despite its poor governance score, offers significant scope for improvement in access to water, electricity and ITC infrastructure. Ethiopia ranks second, based on its potential for better countrywide access to water and electricity.
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