Five African Countries have landed spots in the Top 10 of the less risked developing markets and frontiers in the commercial real estate development sector in 2015, according to a report published on 21 October by the investment consultancy firm Cushman & Wakefield.

Botswana occupies the highest place on the podium in the “Emerging & Frontier Markets Assessing Risk & Opportunity 2015” which encompasses 42 countries in Africa, Middle East, Latin America and Asia Pacific area.

South Africa occupies the third spot behind Uruguay. Then follow, in order, Ghana, Turkey, United Arab Emirates, Panama, Morocco, Indonesia and Tunisia.

“The African economies are still very attractive and hold 5 places in the 2015 edition of our index”, the authors of the report stress, indicating that “Botswana remains the most transparent and surest market”.

The ranking is made based on a certain number of criteria linked to the operational environment of the commercial real estate market such as availability of offer, transparency, corruption risk, political stability and economic performances.

Many other African countries are featured in the ranking. These are Zambia (15), Egypt (21), Kenya (23), Uganda (24), Tanzania (27), Algeria (28), Côte d’Ivoire (32), Senegal (33), Nigeria (37), Zimbabwe (39), DR Congo (40) and Angola (41).