In a report from Rand Merchant Bank, Seychelles and Mauritius topped the rankings of African investment destinations. Seychelles was ranked 1st with Mauritius coming in 2nd.
Egypt was third in the report which assessed 31 nations on the continent.
Ghana ranked 6th on the list but had the highest overall scoring drop from its previous year in 2023 (In 2023, Ghana scored 0.31 vs 0.24 in 2024).
Kenya dropped out of the top 10 to rank 11th overall. The country has faced numerous challenges including political instability in recent months after anti-government activists who are protesting against proposed new taxes, poor governance, and state corruption.
What They’re Saying
“Africa is not a country, but a vast, diverse and complex continent with different cultures, economies and investment potential. Our report therefore is not a definitive guide, but rather it is designed to provide insight to uncover the underlying drivers of a country’s performance that inform its ranking.
This offers invaluable insights for investors, policymakers, and business leaders looking to navigate Africa’s dynamic economic landscape,” says Isaah Mhlanga, Chief Economist at RMB.
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