For the 4th year, Egypt ‘most attractive investment destination in Africa’

Newspaper Title: https://www.egypttoday.com/

Newspaper Number:

Friday - 1 October 2021

CAIRO – 1 October 2021: Egypt came as the best attractive destination for investment in Africa for the fourth year in a row, according to “Where to invest in Africa” report issued by the Rand Merchant Bank in 2021.

The report indicated that although the Egyptian economy was affected by the pandemic, Egypt was one of the first countries to return to the growth path, thanks to the rapid measures taken by the Egyptian state, said Cabinet’s Information and Decision Support Center (IDSC).

Morocco ranked second in the continent, followed by South Africa in third, then Rwanda and Botswana.

It is noteworthy that the investment attractiveness index in the African continent is an annual indicator, which aims to measure the attractiveness of investment in African countries by analyzing two main factors: the volume of economic activity that consists of market size and growth, and the operating environment, which consists of the doing business index and the competitiveness index, the Global Corruption Perceptions Index and the Economic Freedom Index.

Over the past years, the Egyptian state has paid great attention to the investment file, and has endeavored earnestly to support and create an investment environment. This environment has taken many measures aimed at encouraging investors and attracting more investments as the main driver and engine of the Egyptian economy.