26 Nov Where to invest in Africa?
Ranking the top 10 countries in 2019
The latest edition of Rand Merchant Bank’s Where to Invest in Africa report
- Egypt: The enormity of the market paired with a sophisticated business sector relative to other countries makes Egypt the most attractive investment destination in Africa.
- Morocco: While only Africa’s 5th-largest market, Morocco’s expected growth rate of 4% over the medium term.
- South Africa: It has slipped another place in this year’s rankings, stymied by depressed levels of growth and a lack of structural reform. Yet it remains Africa’s hotspot for portfolio investment.
- Kenya: The above 5% expected growth rates has propelled Kenya one spot higher than 2019.
- Rwanda: Rwanda has the 2nd best business environment in Africa, and it is one of the five fastest-growing economies on the continent.
- Ghana: The growth outlook is strong, concentrated around the oil and gas sector.
- Côte d’Ivoire: It is one of the more diversified economies in francophone Africa. Its strong growth rates are supported by the government’s pro-business reforms and a relatively stable political context.
- Nigeria: As the largest economy in Africa in nominal terms, the resources and favourable demographics are attracting strong flow of FDI.
- Ethiopia: It is the fastest-growing economy on the continent. With a population of almost 100 million people, demand for goods and services is rising significantly.
- Tunisia: The government’s encouragement of foreign investment, through its new simplified investment code, has made the country increasingly attractive to multinational manufacturers.