Here are AFRICA’s top investment destinations in 2024, according to new report. (See top 20 destinations below). Seychelles and Mauritius topped a ranking of African investment destinations, as the attractiveness of South Africa deteriorated because of the nation’s weak economic indicators, according to #RandMerchantBank.
The two Indian Ocean island nations outperform 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.
Egypt was third in RMB’s ranking, which assessed 31 nations on the continent in the report published on Tuesday.
The two economies stand out in an investment climate in which #Africa is being buffeted by “significant turbulence,” RMB Chief Economist Isaah Mhlanga said in the report. #Geopolitical tensions caused by Russia’s war in Ukraine and the conflict between Israel and Hamas that have impacted trade flows, while persistent global #inflation has forced central banks to maintain high interest rates and kept the cost of funding for African borrowers elevated, he said.
Seychelles and Mauritius ranked highest in terms of their economic stability and investment climates, and their social and human development indicators, RMB said.
“The top rankings of the Seychelles and Mauritius need special context because of their small economies and populations,” the lender said. “The limited size of these markets is a barrier that many investors will not overcome, despite the many other positives.” Continue reading and download FULL report: https://lnkd.in/eQvKHVHf
TOP 10 investment destinations 2024, Rand Merchant Bank
1. #Seychelles 🇸🇨
2. #Mauritius 🇲🇺
3. #Egypt 🇪🇬
4. #SouthAfrica 🇿🇦
5. #Morocco 🇲🇦
6. #Ghana 🇬🇭
7. #Tunisia 🇹🇳
8. #Senegal 🇸🇳
9. #Nigeria 🇳🇬
10. #Algeria 🇩🇿
11. #Kenya 🇰🇪
12. #Tanzania 🇹🇿
13. #Ethiopia 🇪🇹
14. #Botswana 🇧🇼
15. #Rwanda 🇷🇼
16. #IvoryCoast 🇨🇮
17. #Benin 🇧🇯
18. #Namibia 🇳🇦
19. #Uganda 🇺🇬
20. #Zambia 🇿🇲
All the above countries are #AfCFTA members.
#UnitedUnderAfCFTA #AfricaYesWeCAN
#TransformingAfrica #TheAfricaWeWant #BrandAfrica #AU #GDP #Investment #Africa #AfricaMeansBusiness #ThisIsAfrica #Diaspora #IT #OneAfrica #AUC #TransAfricanHighway #SMEs #CreatingOneAfricanMarket #Invest #Tariffs #TheAfCFTAEffect #Trade #AI #AfricaRising #FDI #IntraAfricanTrade #Agenda2063 #Partnerships #AfCFTATV #WB #BuildBackBetter #InvestInAfrica #AfricanUnity #IMF #WTO #AfDB #TradeNotAid #AfCFTATrading #TravelToAfrica #CFTA #SAATM #TradeInAfrica #TradeUnderAfCFTA #JoinAfCFTA #AfricaOnTheMove #Infrastructure #Tourism #VisitAfrica #MadeInAfrica #AfCFTASecretariat #PanAfricanism #Investors #PAPSS #ZLECAF #AfricanSolutionsToAfricanProblems #Growth #BetterAfricaBetterWorld #StrongerTogether #Afreximbank #AfCFTA2024 #Africa2024 #AfricaToTheWorld #GlobalAFRICA
Source:LinkedIn by : Mark-Anthony Johnson Link:- https://www.linkedin.com/posts/mark-anthony-johnson-55615926_randmerchantbank-continent-johannesburg-activity-7226617339574693888-4YPc?utm_source=share&utm_medium=member_desktop
