Africa’s investment landscape is evolving, showcasing smaller, well-governed economies that outperform larger traditional players. Investors now prioritize stability, governance, and reform momentum. The latest report highlights how a combination of institutional robustness and disciplined policy-making distinguishes top-performing markets across the continent.
Top 10 African Investment Destinations for 2025/2026
According to the RMB index, 31 African nations were evaluated across 20 key indicators, grouped into four main categories:
- Macroeconomic performance
- Market accessibility
- Innovation and stability
- Human development
While the leadership positions remain consistent, notable shifts occurred for six countries, largely influenced by currency fluctuations and structural policy changes.
Island Economies Lead the Ranking
Seychelles and Mauritius maintain their top spots, demonstrating effective fiscal management, low corruption, and resilient recoveries from the pandemic.
North Africa: Momentum in Reforms
Morocco continues its upward trajectory, fueled by preparations for the 2030 FIFA World Cup and significant infrastructure projects. The IMF anticipates a growth rate of 3.5% by 2026.
Egypt, securing third place, benefits from ongoing reforms and increased investment from Gulf nations. Forecasts predict a 4.5% growth rate for fiscal years 2025/26, as privatization and flexible exchange rates enhance competitiveness.
Challenges in Southern Africa
South Africa, ranked fourth, grapples with ongoing structural challenges that hinder economic growth. The IMF projects only a 1.8% increase in output for 2026, marking the slowest growth among major African economies. Nevertheless, investor sentiment has improved, with the JSE All Share Index rising by 14.7% in the first half of 2025.
West Africa: Mixed Results
In West Africa, Ghana’s economy is stabilizing with the assistance of IMF and World Bank programs, expecting a growth rate of 4.3% in 2026. This recovery is supported by fiscal reforms and improving currency performance.
Côte d’Ivoire has seen an impressive rise, climbing eight places due to export diversification and enhanced domestic processing of cocoa and cashews. Its issuance of CFA franc-denominated bonds reflects an evolving capital market.
In contrast, Nigeria suffered the largest decline, falling from 9th to 18th place due to economic reforms that ignited inflation and currency instability. The IMF, however, forecasts a growth of 4.2% in 2026 as conditions stabilize post-reforms.
East Africa: Kenya’s Economic Performance
Kenya, completing the top ten, remains an economic pillar for East Africa, with expected growth of 5.1% in 2026. Fiscal tightening and investments in green infrastructure will likely bolster resilience and investor trust.
African Investment: A Shift Towards Trade
The RMB report emphasizes a significant transition in Africa from dependency on aid to an increased focus on trade and investment. This shift places the private sector at the core of the continent’s future growth, highlighting Africa’s resilience and potential as a long-term investment frontier for global investors.
