Morocco overtook South Africa to become Africa’s fourth-most attractive investment destination, according to Rand Merchant Bank’s latest report. The North African nation’s rise reflects years of industrialization, export diversification, and infrastructure investment, particularly in automotive manufacturing. South Africa remains strong in financial markets and reform but lost ground due to slower growth.
Morocco’s economy grew 4.9% in 2025, compared to South Africa’s 1.1%. Seychelles, Mauritius, and Egypt retained top spots for the third year. Nigeria improved the most, rising seven places to 11th, driven by fuel subsidy removal and FX reforms.
Senegal fell five spots to 19th amid political instability and fiscal crises. RMB ranks 31 nations using 20 metrics across four pillars: economic performance, market access, innovation, and social development.
Source: Bloomberg Markets · Summarized by HeadlinesBriefing