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Where to Invest in Africa in 2019? Here’re the 10 Most Attractive Countries According to the RMB Bank

GDP, purchasing power, growth forecasts, business environment, infrastructure, … are all criteria on which the South African Investment Bank Rand Merchant Bank (RMB) relies to annually disclose a list of ten most attractive countries.

In its 8th edition of the report published on September 12 by RMB, it appears that Egypt is the most attractive African country for investors in Africa.

According to the agency Ecofin, Egypt leading in the ranking of last year, owes its rank primarily to the large size of its GDP and its domestic market.

South Africa remains in 2nd place, says the same source, pointing out that the continent’s most industrialized country, which was driven out of first place in the previous ranking, continues to suffer from eight years of weak growth, even if the new president, Cyril Ramaphosa has set priorities for reviving the economy machine and attracting $ 100 billion in investments over five years.

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The one billion inhabitants of Africa attracts several investors. Its emerging middle class also seduces. Hard to resist the opportunities it offers in terms of investment.

Top 10 most attractive African countries for investors according to RMB:

1 Egypt

2-South Africa

3-Morocco

4-Ethiopia

5- Kenya

6-Rwanda

7-Tanzania

8-Nigeria

9-Ghana

10-Ivory Coast

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Written by How Africa

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