There is a blend of West, East and Northern African states on the log with South Africa being the only southern state. Pic credit: Encyclopedia Britannica
Johannesburg-based Rand Merchant Bank Ltd, RMB, has released its latest annual study known as Where to Invest in Africa 2020, highlighting the top 10 attractive investment destinations in Africa.
RMB Global Markets Research’s ninth edition of the report analyses 54 African economies according to their investment attractiveness.
The latest publication returns to where it all began — focusing on the traditional and alternative sectors driving African countries to reach ever-higher levels of economic growth.
Kenya emerges 4th on the top 10 states ladder, thanks to its positive growth prospects to a diversified economy, expanding consumer market, urbanisation, the East African Community (EAC) integration, structural reforms and investment in infrastructure.
Key drivers for the ten economies are resources, manufacturing, real estate and construction, ICT, retail, banking and finance.
Macro-economic fundamentals and the attractiveness of doing business enabled states in the top 10 league to score better than other states. There is a blend of West, East and Northern African states on the log with South Africa being the only southern state.
Below are the top 10 countries in Africa to invest in for 2020:
The true face of Amenhotep III, the pharaoh who ruled ancient Egypt at its zenith…
Derrick Hayes is the founder of Big Dave’s Cheesesteaks, one of the fastest-growing businesses in…
After a challenging academic path, Ron Lewis Jr. is on track to graduate with a…
It has emerged that singer Beyoncé made sure Vice President Kamala Harris experienced the magic…
Two months ago, an attacker fatally stabbed 11-year-old Jayden Perkins as he attempted to defend…
Cardi B has spoken for the first time on the guilt she felt canceling her…
A'ja Wilson is one of the top women's basketball players and an athletic hero. Before…
Cur'Dericka Rice has made headlines after receiving nearly $1 million in scholarships from 13 universities.…
Authorities in Florida have brought charges against a woman accused of fatally beating her 4-year-old…
Harris Wolobah, the 14-year-old whose family said he died after suffering complications from eating a…
Authorities in Chamblee, Georgia, have arrested and charged a 28-year-old man who allegedly ejaculated on…
Manika Gamble recently made history as the first Black woman to complete a 155-mile, seven-day…
Meet Tiffany Rose Dean; she is the founder of Hollywood Hair Bar, a $45 million…
Lil Baby's music video shoot was marred by gunshots on Tuesday evening, leading to three…
Micaela Varlack is extremely upset that her daughter's hair was changed without her consent by…