Africa is a continent that has massive opportunities for development finance. A young and growing

population, abundant natural resources, growing urbanisation, acceleration in industrialization and

digitalization, are some of the factors that make Africa attractive as an investment destination. However,

despite is attractiveness, the private sector is not so much involved in development finance compared to

other regions. One of the risks that dominate international private investors$$ minds, particularly when

considering investments in Africa, is currency risk. As an example, a project that yields a return of $6\%$

and a currency that depreciates at $3\%$ at the same time, threatens about half of the project$$s profits. So$,$ a

currency$$s volatility certainly becomes a top risk for private investors.

A consortium of international investors is considering diversifying its portfolio by investing in a project

in Africa. They have identified four potential investments with similar returns in four different African

countries. Based solely on currency risk, use the attached dataset to advise the investors on the best

country to place their investments