Africa-Press – Mauritius. After a short-lived positive sentiment in 2020 and the prolonged negative impact of Covid-19, which African countries are most favorable to investment? To find out, the Top 10 of the Rank Merchant Bank, an investment bank based in South Africa.
In this year of recovery and vaccination, with 65% of the Mauritian population having received their two doses, where is the advantage of our country? To this end, the Rand Merchant Bank emphasizes: “Thanks to its very favorable tax regime, the financial sector of Mauritius will be one of the main engines of the economy, due to the activities of cross-border investments and banking services”.
Excluding South Africa, the continent’s most industrialized economy and financial center par excellence, Mauritius is ahead of three countries in the sub-Saharan region.
With its improving business environment and investments to support the construction and energy industries, Rwanda is in fourth place. Botswana, a country with a rich subsoil and high international reserves, has a sovereign wealth fund that finances a portion of the budget deficit.
This country, which is not very dependent on debt, is in fifth position. And before Mauritius is Ghana, a country known for its coffee, cocoa beans and oil. In 2021, the economy of sub-Saharan Africa is expected to resume growth with an estimated rate of 3.4% and 4.1% next year.
The impact of the pandemic has translated into a contraction of 1.8% in 2020 against 3.2% for the world, the International Monetary Fund pointed out in its latest analysis of the global economy.
“While the pandemic has been devastating, it has nonetheless offered opportunities to review trade policies and relationships.
Today, it is increasingly clear that local strategies to fight poverty, inequality and unemployment across Africa must be implemented. Otherwise the whole of Africa suffers, ”said Daniel Kavishe, economist for RMB Africa and author of the report. The summary was posted online in early October.
