Here is a look at the top 10 countries that are attractive for investment:
1. Egypt: While Egypt’s economy was hard hit by the pandemic, it was also one of the first to bounce back to a path of growth due the measures that were introduced and it has been on a stronger footing at the outbreak of Covid-19.
2. Morocco: The economy of Morocco continues to benefit from political stability. A special fund to combat Covid-19 was established in 2020, representing 2.7 percent of GDP.
3. South Africa: South Africa offers a strong manufacturing and retail base that will continue to support southern African regional economies with goods and services.
4. Rwanda: Rwanda continues to benefit from the efforts it has made to improve its operating environment. As a part of the country’s National Strategy for Transformation, various investments should support the construction and energy sectors over the next few years.
5. Botswana: The country has high foreign-exchange reserves, which have enabled it to weather the pandemic-induced economic storm better than most. The Pula Fund a sovereign fund created in 1994 has meant that fiscal dependency on debt has been low.
6. Ghana: Ghana entered the current crisis on a relatively stronger footing than its African peers. 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 but accelerated development in the tertiary sector.
7. Mauritius: Aided by an extremely favourable tax regime, its financial sector will remain one of the main drivers of Mauritius’ economy into the future – notably through cross-border investment activities and banking services.
8. Côte d’Ivoire (CIV): A rise in private investment should continue to fuel construction, agri-industry and services. Private investment will benefit from the impetus provided by public investment under the 2016-20 National Development Plan.
9. Kenya: The Kenyan government’s efforts to ensure that implementation of the “Big Four” plan focused on industrialisation, universal health coverage, food security and affordable housing will lead to fast economic growth.
10. Tanzania: Tanzania has been on a rapid path of development over the past few years. This growth can be attributed to consistent public investment from the government in key secondary and tertiary sectors, ranging from the energy sector to advancements in the telecommunications and finance sectors.