Markets with a steady and favorable return on investment attract investors. A nation sends out signals to international investors that it is a good location to invest when it exhibits steady GDP growth, low rates of inflation, and a stable currency.
This in turn draws additional foreign direct investment (FDI), which feeds economic growth even more, producing a positive feedback loop of wealth and expansion.
Fortunately, this is reflective of numerous African countries in recent years, which have over time, developed a conducive environment for both local and foreign investments.
Said African countries have spent time and resources, ensuring that they are highly competitive on the global stage, when it comes to ROIs.
With some of the world’s finest infrastructure, technology, security, political climate, and hospitality, these African countries have become a safe haven for foreign businesses looking to expand their influence.
The report highlights and scores these countries based on 20 metrics, including, GDP, population, urbanization, inflation and more.
With that said, here are the top 10 African countries for investment.
Top 10 most promising investment destinations in Africa 2024
| Rank | Country | Overall score |
|---|---|---|
|
1. |
Seychelles |
0.72 |
|
2. |
Mauritius |
0.69 |
|
3. |
Egypt |
0.49 |
|
4. |
South Africa |
0.33 |
|
5. |
Morocco |
0.30 |
|
6. |
Ghana |
0.27 |
|
7. |
Tunisia |
0.20 |
|
8. |
Senegal |
0.18 |
|
9. |
Nigeria |
0.163 |
|
10. |
Algeria |
0.158 |
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