African nations need to maintain political stability and security if they are to attract investors to commit capital into their economies, South Africa’s president said on Monday.

“Much of the economic progress over the last few years has been made possible by developments in the political sphere. Global investor surveys consistently highlight political stability and security as important considerations for committing capital,” Cyril Ramaphosa said at the opening ceremony of the 2nd Africa Investment Forum in Johannesburg.

Read more: ‘Political stability, security key to growth in Africa’