In a global climate marked by political shifts and economic uncertainty, Rand Merchant Bank's RMB Where to Invest in Africa 2025/26 report offers a vital roadmap for capital allocation across the continent. Analysing 31 African economies, which together account for 90 of the continent's GDP, the report paints a picture of Africa in decisive transition-moving away from aid dependency towards self-sustaining growth driven by trade, investment, and economic diversification.
Two models of successThe overall rankings reveal two distinct paths to success. For the second consecutive year, the Seychelles and Mauritius occupy the top positions. Their dominance rests on quality rather than scale, reflected in the continent's highest scores in GDP per capita, human development, and institutional strength. These factors make them especially attractive for high-value sectors such as finance and tourism.
Following them are the larger, more diversified economies of Egypt, South Africa, and Morocco. Egypt's third-place ranking is particularly noteworthy. Despite the short-term disruption caused by the 2024 currency float, which triggered a 60 devaluation, the country continues to attract foreign direct investment. Megaprojects such as Ras El Hekma, alongside a strategic push into digitalisation, underpin Egypt's robust long-term outlook.