(Togo First) – In its Where to Invest in Africa 2020 report, Rand Merchant Bank ranked Togo as the 35th (over 54) country where investing is easiest on the continent.
The country thus gained five places compared to 2019, driven by improvements in its business climate.
Togo, which according to the Doing Business 2020 is Africa’s top reformer, and third in the world, is a better place to invest than its neighbors, Guinea Bissau, Sierra Leone, and Liberia.
According to the Where to Invest in Africa report, the top 10 nations that are most attractive for investors are Egypt, Morocco, South Africa, Kenya, Rwanda, Ghana, Côte d’Ivoire, Nigeria, Ethiopia, and Tunisia. The worst places to invest in, on the other hand, are South Sudan, Liberia, Burundi, Somalia, and Equatorial Guinea.
To produce their report, authors at the South African bank used data from the Doing Business 2020, Transparency International’s corruption index, Heritage Foundation’s economic freedom index, and the World Economic Forum’s global competitiveness report.