Tanzania, Dec. 8 -- Dar es Salaam. Tanzania has been ranked one of the best investment destinations in Africa, thanks to its strong regulatory framework, sound macroeconomic fundamentals and a vibrant financial market.

This is according to the Absa Africa Financial Markets Index 2022, an annual report highlighting economies with the most supportive environment for effective markets.

The report rates countries based on six pillars, including market depth, access to foreign exchange, and market transparency.

Others are tax and regulatory environment, capacity of local investors, macroeconomic opportunity, and legality and enforceability of standard financial markets master agreements.

Tanzania performed well in five out of the six pilla...