Nigeria has dropped from Africa’s top 10 investment destinations to 14 as Egypt remains the number one nation.
This is according to a report by RMB titled, ‘Where to Invest in Africa 2021.’
According to RMB, a division of FirstRand Bank Limited, the ranking is based on countries operating environments.
RMB Africa Economist, Daniel Kavishe, said the pandemic ushered a new world and a new approach to this year’s list.
Kavishe said, “We created a new set of rankings that incorporated some of the unavoidable COVID-19-induced challenges, of which the…