South Africa’s Rand Merchant Bank (RMB) has just published the 9th edition of its “Where to invest in Africa” report which ranks the most attractive destinations for investment on the continent in 2020.
While the most attractive economies remain broadly the same as in previous editions, there have been significant changes in positions. Egypt remains the most attractive African country for investment, as in the past three editions, thanks to its large demographic market, the improvement of its business environment and the industrialization policy implemented by the government.
Morocco gained one rank, now being 2nd, and South Africa fell to the 3rd position. The North African country’s average growth is expected to reach 4% in the coming years, while South Africa’s economy is subject to a “cyclical slowdown,” “sluggish growth” and “a deteriorating business environment.”
Kenya, Rwanda, and Ghana respectively hold the 4th, 5th, and 6th position and Côte d'Ivoire moved up three places to become the 7th most attractive African country for investment. This performance is fostered by its increasingly diversified economy, marked by high growth and major infrastructure projects.
The top 10 is closed by Nigeria (8th), Ethiopia (9th) and Tunisia (10th) which finally gets into the top 10.
Moutiou Adjibi Nourou
Camtel to launch Blue Money in 2026, entering Cameroon’s crowded mobile money market led by MTN Mo...
Eritrea faces some of the Horn of Africa’s deepest infrastructure and climate-resilience gaps, lim...
Huaxin's $100M Balaka plant localizes clinker production, saving Malawi $50M yearly in f...
Nigeria seeks Boeing-Cranfield partnership to build national aircraft MRO centre Project aims t...
BYD plans to open 35 dealerships in South Africa by Q1 2026, earlier than initially scheduled...
Scatec signs partnership deals with Norfund, EDF for Egypt's Obelisk project Norfund takes 25% stake; Scatec retains control and 60% economic...
Mauritius Telecom to invest $434M over 3 years to boost digital infrastructure Plan includes new submarine cables, sovereign cloud, AI,...
Sudan prepares launch of Baldna platform to digitize public administration System enables secure data exchange among ministries and state...
M-Pesa accuses Ethio Telecom of blocking access to new Lehulum app App aims to offer universal M-Pesa access, approved by national regulators...
Cidade Velha, formerly known as Ribeira Grande, holds a distinctive place in the history of Cape Verde and, more broadly, in the history of the Atlantic...
Mauritius recorded a 56% increase in UK Google searches for “Christmas in Mauritius” over the past three months. The island ranked fourth overall...