Public Management

Top 10 most attractive African countries for investors in 2020 (Rand Merchant Bank)

Top 10 most attractive African countries for investors in 2020 (Rand Merchant Bank)
Friday, 20 September 2019 13:49

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

On the same topic
ACK Holding signed an agreement to acquire Colas Gabon, a subsidiary of Bouygues. The deal includes industrial assets and 254 employees, with...
BICICI posted a net profit of CFA36.5 billion ($65.4 million), up 39.3% year-on-year in 2025. Customer loans fell to CFA524.4 billion as the...
Shares gained 42.36% in 2025 and hit an all-time high of 37,500 CFA francs in 2026, delivering investors a sustained rally on the BRVM...
Côte d’Ivoire signs $888 million deals at IMF-World Bank meetings Agreements target social sectors and $300 million energy...
Most Read
01

(EBID) - EBID aims to allocate nearly 41% of its commitments to projects with environmental and...

EBID makes giant strides for a green transition in west africa
02

Mahindra & Mahindra is considering a CKD assembly plant near Durban to strengthen its presence i...

Mahindra & Mahindra Eyes Major Shift to Full Vehicle Assembly in South Africa
03

Four major operators—Mauritel, Mattel, Rimatel, and Chinguitel—submitted a combined bid of ...

Mauritanian Telecom Operators Submit $27 Million Combined Bid for 5G Licenses
04

Operators review 2025 investments, outline 2026 expansion plans Consumer complaints persist...

Cameroon Presses Telecom Operators on Service Quality as Complaints Rise
05

AFC disbursed €43 million for Côte d’Ivoire solar project Financing supports 66 MW pla...

AFC Backs First Green Project Finance Bond for 66MW Côte d’Ivoire Solar Plant
Enter your email to receive our newsletter

Ecofin Agency provides daily coverage of nine key African economic sectors: public management, finance, telecoms, agribusiness, mining, energy, transport, communication, and education.
It also designs and manages specialized media, both online and print, for African institutions and publishers.

SALES & ADVERTISING

regie@agenceecofin.com 
Tél: +41 22 301 96 11 
Mob: +41 78 699 13 72


EDITORIAL
redaction@agenceecofin.com

More information
Team
Publisher

ECOFIN AGENCY

Mediamania Sarl
Rue du Léman, 6
1201 Geneva
Switzerland

 

Ecofin Agency is a sector-focused economic news agency, founded in December 2010. Its web platform was launched in June 2011. ©Mediamania.

 
 

Please publish modules in offcanvas position.