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Rand Merchant Bank Report Highlights Top African Investment Destinations for 2024
Rand Merchant Bank (RMB) has released its 2024 report on the best investment destinations in Africa. The report was created in collaboration with the Gordon Institute of Business Science and uses an updated methodology reflecting new data sources. It aims to uncover the drivers of a country’s progress and investment potential.
The report ranks Seychelles and Mauritius as the top investment destinations in Africa, followed by Egypt, South Africa, and Morocco. Seychelles leads due to its high levels of personal freedom and stable economy, while Mauritius is noted for its innovation and economic freedom. Egypt's large economy, South Africa's diverse investment landscape, and Morocco's connectivity and stability contribute to their high rankings.
The report categorizes countries into five investment archetypes: Highflyers, Cleared for Take-off, People Potential, Global Connectors, and Low-Base Boomers. It also emphasizes the importance of infrastructure investment and good governance for sustainable growth.
R. H.
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