The report, “Where to Invest in Africa,” compiled and published by South Africa’s second-largest bank, First National Bank (FNB).

The ranking is based on the consideration of 20 indicators divided into four groups. These are current economic performance and potential, market accessibility and level of innovation, economic stability and investment climate, social conditions and human capital development.

Here is the 2024 ranking of the most attractive African countries for investment:

Seychelles;
Mauritius ;
Egypt;
South Africa;
Morocco.

Specialists of the FNB bank’s investment division examined the investment opportunities of 31 of the 54 African countries on the continent.

At the bottom of the ranking were the following countries, which the bank said were the least attractive for investment, in descending order:

Zimbabwe (the least attractive);
Eswatini;
Republic of Congo;
Lesotho ;
Cameroon .