Egypt ousts SA as Africa’s top investment destination

Rand Merchant Bank has released its seventh edition of “Where to Invest in Africa”, a rating of the Continent’s most attractive investment destinations.

South Africa has fallen to second from first place, where it’s been every year since the inception of the report.

Egypt is now considered Africa’s most attractive investment destination.

Egypt displaced South Africa mainly due to low growth rates in what remains the most industrialised economy on the continent.

South Africa also faces mounting concerns over issues of institutional strength and governance.

Morocco retains its third place followed by Ethiopia, Ghana, Kenya, Tanzania, Rwanda, Tunisia and Cote d’Ivoire.

Nigeria dropped out of the Top-10.

The Money Show’s Bruce Whitfield interviewed co-author of the RMB report Celeste Fauconnier.

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