(Ecofin Agency) - Africa CEO Forum and Deloitte have just released the second edition of the Africa CEOs Survey, a ranking of the most attractive countries for investments on the continent.
Côte d’Ivoire comes first in this ranking, ahead of Kenya, Ghana, Senegal, and Rwanda (in that order). The second half of the Top 10 is respectively occupied by Ethiopia, Nigeria, Morocco, DR Congo, and South Africa.
Despite covid-19, Côte d'Ivoire, Nigeria, and Morocco maintained their position compared to last year while countries such as Rwanda and Ethiopia fell in the new ranking. South Africa’s decline can be associated with the increasingly catastrophic situation of its economy exacerbated by corruption and the new health crisis, the country being the most affected by the coronavirus in Africa.
This year's worst performers, according to the report, are respectively the Comoros, Lesotho, Eritrea, and Burundi. Despite recent elections that brought General Evariste Ndayishimiye to power, Burundi still seems to be struggling to attract investors.
As a reminder, the Africa Investment Attractiveness Index is based on the responses of African business leaders to the following question: “Which African countries do you find to be the most attractive for investment at present?” It aims to provide an overview of the willingness of private sector leaders to invest.
According to Deloitte, it is not designed to analyze investment conditions or rank the ease of doing business in a given country.” Only Sao Tome and Principe was not included in the ranking.
Moutiou Adjibi Nourou