Countries like South Africa, Ethiopia, and Tanzania are amongst those whose investment attractiveness took a hit in the past year. And that’s according to a publication from RMB that is in its ninth year.
Rand Merchant Bank (RMB); a Johannesburg-based investment and advisory firm has been keeping an eye on the most attractive investment destinations in Africa for nine years running.
And this year, just as in other years, it has studied 54 African economies according to their investment attractiveness, and notable advancements in their business environments.
That effort has resulted in something called: Where To Invest in Africa 2020, which is basically a compilation of where the greenest grasses for business can be found.
“After nine years of publishing, we never fail to be both pleased and surprised by the extent of improvement in countries that are not necessarily perceived as strong investment destinations.” says co-author and Head of RMB Global Markets Research, Nema Ramkhelawan-Bhana.
In the latest investment attractiveness report, RMB compiled a list of the best African countries where investors should be looking to put their money in the coming year.
RMB claims to have gone about this by prying deep into the alternative and traditional sectors supporting some of Africa’s most attractive economies.
As highlighted in the report, where countries like South Africa, Tanzania, and Ethiopia have dropped “investment attractiveness” points in the past year, countries like Djibouti, Guinea, and Mozambique have posted strong gains.
On the surface, it looks like the usual suspects are still hogging top spot overall, but surprises may soon spring up. And that’s because even the “smaller economies” that are traditionally not known as investment destinations are starting to climb up the ladder.