Favorable economic environment

Seychelles has been ranked as the most attractive country for investors on the African continent for 2024, according to the « Where to Invest in Africa » report published by the investment department of South Africa’s second-largest bank, First National Bank (FNB).

The ranking is based on the analysis of 20 indicators grouped into four categories: current economic performance and potential, market accessibility and level of innovation, economic stability and investment climate, and social conditions and human capital development. FNB experts studied investment opportunities in 31 of the 54 nations that make up the continent, with Seychelles ranking first, ahead of its neighbor Mauritius, which took second place.

Egypt, South Africa, and Morocco round out the top five, occupying the third to fifth positions, respectively. These three nations dominated the list in 2021. According to the report, Seychelles leads the ranking due to its high levels of individual freedom, human development, and economic environment. It also scores highly for its connectivity and economic stability.

Mauritius scored the highest for its innovations and growth opportunities. The top 10 list also includes countries ranked sixth to tenth : Ghana, Tunisia, Senegal, Nigeria, and Algeria, respectively. Senegal and Côte d’Ivoire are considered « ready to take off » due to their young populations and wealth of natural resources. These countries have strong potential for economic growth and innovation.