Seychelles, Mauritius ranked best African investment destinations
TLDR
- Seychelles and Mauritius lead as top African investment destinations, outperforming South Africa.
- RMB report ranks countries based on economic performance, market accessibility, investment climate, and human development.
- Top ten countries in RMB’s assessment include Seychelles, Mauritius, Egypt, South Africa, Morocco, Ghana, Tunisia, Senegal, Nigeria, and Algeria.
Seychelles and Mauritius topped a ranking of African investment destinations, as the attractiveness of South Africa deteriorated due to the nation’s weak economic indicators, according to Rand Merchant Bank (RMB).
The two Indian Ocean island nations outperformed the continent when measured by a combination of their economic performance, market accessibility, investment climate, and social and human development, the Johannesburg-based lender said in a report published on Tuesday.
In that order, the top ten countries in RMB’s assessment, which evaluated 31 nations on the continent, are Seychelles, Mauritius, Egypt, South Africa, Morocco, Ghana, Tunisia, Senegal, Nigeria, and Algeria.
Key Takeaways
Geopolitical tensions caused by Russia’s war in Ukraine and the conflict between Israel and Hamas have impacted trade flows. At the same time, persistent global inflation has forced central banks to maintain high interest rates, keeping the cost of funding for African borrowers elevated. South Africa’s ranking slipped one place from a previous survey conducted in 2021 while Kenya dropped out of the top 10 to rank 11th overall. When measured by economic performance and potential alone, Egypt topped the rankings, while South Africa’s market accessibility and innovation are considered the best on the continent.
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