Rand Merchant Bank (RMB) the leading African corporate and investment bank has released its 2021 report of investment ranking of African countries.
- Its latest Where to Invest in Africa 2021 report positions Egypt as Africa’s top investment destination, followed by Morocco and South Africa in second and third place.
Rand Merchant Bank (RMB) the leading African corporate and investment bank has released its 2021 report of investment ranking of African countries. It’s latest Where to Invest in Africa 2021 report positions Egypt as Africa’s top investment destination, followed by Morocco and South Africa in second and third place. Other high-scoring countries that have moved up the rankings are Rwanda and Botswana, now in fourth and fifth position respectively.
RMB Africa Economist Daniel Kavishe, the author observed that COVID 19 has impacted the entire world, which called for a new approach to the publication. The latest report assesses the extent of the pandemic’s impact by comparing the landscape of the continent pre-COVID-19, with its actual and potential outcomes through and post pandemic. A new methodology was adapted
The previous editions positively projected Africa’s prospects, discerned through reliable and readily available data. COVID-19 and its implications have compelled the team to adapt its methodology and create a new set of rankings. These rankings incorporated some of the unavoidable COVID-19-induced challenges including the operating environment. It also weighed fiscal scores that are critical indicators of how governments respond to COVID-19 and key themes emanating from Africa’s developmental aspirations. He identified government intervention, a focus on triple-threat (tourism, transport and trade) sectors, and healthcare as central to fighting the pandemic and restoring economic growth. He emphasised the role of the state of a country’s government finances and its ability to aid its economy in crisis and added that capital will flow naturally to economies offering a good mix of opportunity and ease of doing business.
