Egypt was ranked first in the list of 2021 top 10 investment-magnet African countries, the Information and Decision Support Center (IDSC) said Friday.
A recent report issued by the South Africa’s Rand Merchant Bank, named Egypt the most attractive African country for investment.
“While Egypt’s economy was hard hit by the pandemic, it was also one of the first to bounce back to a path of growth. This is owed to the swift measures it introduced and the fact that it been on a stronger footing at the outbreak of COVID-19,” the report said.
The ranking, which placed Morocco in second place and South Africa in third, followed by Rwanda and Botswana, assesses economic activity, the business environment and the state of public finances in African countries.
Egypt has paid much focus and priority to the investment in recent years, and spared no effort in improving the investment climate through many measures, aimed at luring investors pumping their investments into Egypt, IDSC said.
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