Rwanda Back in Top Ten African Investment Destinations as East Africa Dominates List

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Africa remains a rewarding investment destination for many that venture in or do business within. The continent continues to offer attractive investment opportunities in mineral resources, telecommunication, fintech, energy and many more sectors. Rwanda has re-entered the Top 10 list after having just missed it the past two years, according to Rand Merchant Bank’s latest ‘Where to Invest in Africa report for 2018’, released on Sept.18.

Within the continent, however, a few countries offer better prospects than others. Rand Merchant Bank (RMB) analyzes each country in terms of investment readiness and infrastructural capacity and ranks each country according to their ease of doing business and socio-economic stability, factors that are needed to attract and sustain investments.

In its latest ‘Where to Invest in Africa report for 2018’, released on Sept.18, Rwanda re-entered the Top 10 list after having just missed it the past two years. Kenya, Tanzania, and Ethiopia were the other countries which made it into the top ten from the East African region, a strong showing from the region and an indication that it offers the most attractive investment destinations on the continent.

Uganda was, however, the only surprise absentee from the East African region since South Sudan, Somalia, and Burundi are war-ravaged basket case economies.

The theme for ‘Where to Invest in Africa 2018’ is “Money Talks” and this edition “follows the money” on the African continent to evaluate aspects crucial to each country’s economic performance.

In this edition of Where to Invest in Africa 2018, RMB’s Investment Attractiveness Index, which balances economic activity against the relative ease of doing business, illustrates how subdued levels of economic activity have diluted several scores on the index when compared to last year, resulting in some interesting movements within the Top 10.

The report focuses on the main sources of dollar revenues in Africa, which allows it to measure the most important income generators and identify investment opportunities. The 2018 report also balances economic activity against the relative ease of doing business.

Rwanda came in at 8th position in a report in which the East African region managed to capture four of the top ten spots.

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