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.


Here’s a full list of the top 10 countries to invest in Africa in 2020

1. Egypt
2. Morocco
3. South Africa
4. Kenya
5. Rwanda
6. Ghana
7. Côte d'Ivoire
8. Nigeria
9. Ethiopia
10. Tunisia


Methodology
The latest “Where to Invest in Africa” publication focuses on the traditional and alternative sectors driving African countries to reach ever-higher levels of economic growth.

Major indicators for the top ten economies are resources, manufacturing, real estate and construction, ICT, retail, banking and finance.

Economic fundamentals, ease of doing business and the attractiveness of doing business enabled countries in the top 10 positions to score better than other states.



https://listwand.com/top-10-best-places-to-invest-in-africa-in-2020-according-to-rmb-study/

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