Here are ten African countries with the most attractive investment markets in 2021.

The investment market in Africa is thriving over the recent years. Speaking of all the abundant natural resources, then we need not say much. Of course, several industries — like agriculture, tourism, information technology, renewable energy, infrastructure, banking and finance — are booming in the 21st century. And it isn’t obvious that certain countries are now Holy Grails for venture capitalists. According to Rand Merchant Bank’s (RMD) Where To Invest In Africa 2021’ report, here are the top ten African countries with the most attractive investment markets.



#10. Tanzania 🇹🇿 

Country: Republic of TanzaniaCapital: Dodoma;

GDP: US$985, and GNI: US$1,080 PPP per capita;

Global Stratification: Lower-Middle Income; Score: 5.25;

Rising Industries: Agriculture, Mining, Energy.

Tanzania has seen rapid growth and development over the years. Public investments into secondary and tertiary sectors such as energy, finance, and telecommunications are attributes. The economy was managing a public debt hovering a little over 40 percent of its gross domestic product (GDP) before the pandemic. There’s been several policies introduced that experts believe its going to maintain a strong growing economy. These are expected growths from the agricultural, mining and energy sectors.

Tanzania ranks as the 10th most investable country in Africa in 2021.



#9. Kenya 🇰🇪 

Country: Republic of KenyaCapital: Nairobi;

GDP: US$2,103.55, and GNI: US$1,780 PPP per capita;

Global Stratification: Lower-Middle Income; Score: 5.33;

Rising Industries: Infrastructure, Transportation, Energy.

Kenya is going to be one of the fastest-growing economies in Africa over the next five years. Public investment in infrastructure, including the extension of roads and railway lines, and developments at the port of Mombasa, will further strengthen the sector. The government’s “Big Four Agenda,” namely: industrialization, universal health coverage, food security, and affordable housing, will accelerate economic growth over the decade. And several private-public partnership agreements are also projected to improve the post-pandemic economy.

Kenya ranks as the 9th most investable country in Africa in 2021.



#8. Côte d’Ivoire 🇨🇮 

Country: La Republique de Côte d’IvoireCapital: Yamoussoukro;

GDP: US$2,278, and GNI: US$5,075 PPP per capita;

Global Stratification: Lower-Middle Income; Score: 5.40;

Rising Industries: Agriculture, Infrastructure, Information Technology.

Côte d’Ivoire has a rapid growing agri-industry and trade sector. The private sector under the 2016-2020 National Development Plan, will benefit from the several initiatives. These include the construction of urban transport and infrastructure to improve the upcoming 2023 Africa Cup of Nations. With much of government spending targeted at improving infrastructure and access to universal healthcare coverage. And, the re-election of President Ouattara plans to improve policy continuity for further public investments.

Côte d’Ivoire ranks as the 8th most investable country in Africa in 2021.



#7. Mauritius 🇲🇺 

Country: Republic of MauritiusCapital: Port Louis;

GDP: US$8,622.68, and GNI: $10,230 PPP per capita;

Global Stratification: High Income; Score: 5.44;

Rising Industries: Banking and Finance, Infrastructure, Transportation.

Mauritius ranks as the 7th most investable country in Africa in 2021.



#6. Ghana 🇬🇭 

Country: Republic of GhanaCapital: Accra;

GDP: US$2,328.53, and GNI: US$5,470 PPP per capita;

Global Stratification: Lower-Middle Income; Score: 5.54;

Rising Industries: Agriculture, Information Technology, Energy.

Ghana ranks as the 6th most investable country in Africa in 2021.

(Fun fact: Did you know that The Factionary is proudly made in Ghana?)



#5. Botswana 🇧🇼 

Country: Republic of BotswanaCapital: Gaborone;

GDP: US$6,710.99, and GNI: US$15,570 PPP per capita;

Global Stratification: Upper-Middle Income; Score: 5.60;

Rising Industries: Tourism, Information Technology, Energy.

Botswana ranks as the 5th most investable country in Africa in 2021.



#4. Rwanda 🇷🇼 

Country: Republic of RwandaCapital: Kigali;

GDP: US$797.86, and GNI: US$2,160 PPP per capita;

Global Stratification: Lower-Middle Income; Score: 5.62;

Rising Industries: Agriculture, Mining, Information Technology.

Rwanda ranks as the 4th most investable country in Africa in 2021.



#3. South Africa 🇿🇦 

Country: Republic of South AfricaCapital: Pretoria;

GDP: US$5,090.72, and GNI: US$11,870 PPP per capita;

Global Stratification: Upper-Middle Income; Score: 5.63;

Rising Industries: Banking and Finance, Information Technology, Tourism.

South Africa ranks as the 3rd most investable country in Africa in 2021.



#2. Morocco 🇲🇦 

Country: Republic of MoroccoCapital: Rabat;

GDP: US$3,009.25, and GNI: US$7,190 PPP per capita;

Global Stratification: Lower-Middle Income; Score: 5.65;

Rising Industries: Tourism, Infrastructure, Information Technology.

Morocco ranks as the 2nd most investable country in Africa in 2021.



#1. Egypt 🇪🇬 

Country: Republic of EgyptCapital: Cairo;

GDP: US$3,547.87, and GNI: US$3,000 PPP per capita;

Global Stratification: Lower-Middle Income; Score: 5.94;

Rising Industries: Tourism, Infrastructure, Information Technology.

Egypt ranks as the 1st most investable country in Africa in 2021.


What’s even more: Here are the next ten countries who couldn’t make this list.

Algeria, Ethiopia, Senegal, Nigeria, Seychelles, Benin, Tunisia, Madagascar, Namibia, and Cabo Verde, together with other African countries that are still developing economies.

Which African country do you plan on investing in?

Source: Rand Merchant Bank


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Written by: Nana Kwadwo, Wed, Dec 01, 2021.

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