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