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African Economies: Rmb’s 2020 Where To Invest In Africa Report

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Gugu talks to Daniel Kavishe Economist For Sub-Saharan Africa At Rmb about RMB Global Markets Research is proud to present its ninth edition of Where to Invest in Africa, which analyses 54 African economies according to their investment attractiveness.
The focus is on South Africa’s position and the reasons for it. The release provided the top 10 rankings.
- 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 position to score better than other states.

THE REPORT
-In the top 10 is a blend of West, East and Northern African countries with South Africa emerging as the only southern country. Morocco overtakes South Africa in the RMB investment attractiveness rankings. Meanwhile, Ghana remains one of the top 10 attractive investment destinations in Africa.
-South Africa, Ethiopia and Tanzania were among the prominent countries to have taken a tumble
- Tanzania’s fall from grace had reshuffled the top 10 investment destinations. Tunisia returned to the fold at number 10, while Ivory Coast and Ghana edged closer to the top five. Morocco displaced South Africa, rising to second place.
-The top destination was Egypt. The big size of the market and a sophisticated business sector relative to other countries made it the most attractive investment destination in Africa.
10 Feb 2020 11AM English South Africa Business News · Investing

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