A recent survey of over 1200 companies operating in Africa's nonresources sectors shows a growing number of emerging markets firms are investing in Africa. In fact, investors in 15 countries in Africa are now almost equally from developed countries (54 percent) and emerging markets (46 percent), an article in South Africa's Business Day says.
South Africa and India top the list of emerging market investors in Africa, while France and the U.K. lead the developed countries list. And there are marked differences in investment styles:
"The survey supports the view that investors from developing countries are less risk-averse — or more willing to adapt to hostile conditions — than those from developed countries...The survey shows dramatically that investors from the south are much less likely to see negatives in the operating environment, such as problems with the local market or political stability."
Which nonresources sectors are attracting investments? The survey says South African investments are going mainly to services.
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