It serves as a headline image for investing in Africa

Investing in Africa is a project every international firm looks to be part of. There are projected statistics that encourage investors, with sectors like Agriculture, real estate, banking, and tech leading the way. 

Recently RMB Africa Economist Daniel Kavishe, published the yearly report of Africa’s most valuable markets to invest in. These countries were assessed based on the extent of the pandemic’s impact by sketching the landscape of the continent pre-COVID-19 and then painting a picture of both its actual and potential outcomes through and post-pandemic.

This year’s report took into account the key factors such as operating environments, fiscal score and development plans, all of which are key to investment attractiveness in a Covid world.

Here are 6 locations investors should consider when investing in Africa.

Egypt

Egypt was one of the first countries to bounce back to a path of growth, despite being hit hard by the pandemic. This, owing to the swift measures it introduced and the fact that it been on a stronger footing at the outbreak of COVID-19.

Morocco

They set up a special fund to combat COVID-19 in 2020, representing 2.7% of their GDP. Two-thirds of the funds were to be provided by private sources and one third by the government. The economy of Morocco continues to benefit from political stability. 

South Africa

South Africa’s strong manufacturing and retail base continue to support other southern African countries. 

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Rwanda

Rwanda continues to benefit from the efforts it has made to improve its operating environment. Furthermore, as part of the National Strategy for Transformation (NST), various investments should support the construction and energy sectors over the next few years. 

Botswana

With a high foreign exchange reserve, the country has been able to weather the pandemic-induced economic storm better than most. The Pula Fund, a sovereign fund created in 1994 that finances a large part of the budget deficit, has meant that fiscal dependency on the debt has been low.

Ghana

Ghana entered the current crisis on a relatively stronger footing than its African peers. Structurally, its economy has seen major shifts over the past few years, positioning it for significant growth going forward. This is supported by primary-sector industries like oil and gold and accelerated development in the tertiary sector.

Read about other African cities that make up the list here

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