South Africa-based Rand Merchant Bank has ranked 5 African countries as most attractive investment destinations on the continent in its 2014/2015 rankings released this month. 

Established in 1988, Rand Merchant Bank (RMB) is a leading African investment bank with a presence in more than 35 African countries.  The bank has funded several infrastructure and resource financed projects, mergers and acquisitions across Africa in the last ten years.

RMB, as a leading African corporate and investment bank, compared the investment climate of most important economies on the continent and placed in its top five South Africa, Nigeria, Ghana, Morocco and Tunisia, in this order.  The other countries in the top 10 are Egypt, Ethiopia, Algeria, Tanzania and Rwanda.

The report compared the investment climate of 54 African economies as surveyed through consideration of such factors as market size, Gross Domestic Product (GDP), economic growth forecasts over the next five years and certain operating environment indices.

In addition and according to United Nations Conference on Trade and Development (UNCTAD) guidelines, Morocco came in top in terms of foreign direct investment in the Maghreb region with total investments of $3.6 billion in 2014, registering 9% increase.

An article of the Algeria based online business magazine MAGHREB EMERGENT focused on Tunisia with ample details and is reproduced herewith.

Tunis typical streetscape

Tunis typical streetscape

Tunisia is the 5th most attractive country to invest in Africa

Tunisia would be a good country in which to invest, with a score of 5.28, thereby ranking fifth in the African continent, according to a report on the ranking of the most attractive countries for investment, published recently by Rand Merchant Bank (RMB).

With regard to foreign investment in Tunisia, the report shows that between 2007 and 2013, two-thirds of Foreign Direct Investment (FDI) came from the European Union, followed by the Middle East with 14%.

The FDIs are concentrated in four areas.

More than half of FDIs in Tunisia are energy related because according to the report, of the specifics of its ground geology and not for its attractiveness.

In the tourism sector, all FDIs reached only 1% in 2013 for obvious historical reasons and those in services remain at 10% whilst the industrial sector accounted for 28%.

Over the past three years, FDIs in Tunisia increased by 19.7% as of 2014, 17.2% in 2013 compared to 16.8% in 2012, according to the latest statistics published by the Foreign Investment Promotion Agency (FIPA)  .

For further reading on the original French see MAGHREB EMERGENT