The ten best African countries to invest in 2022

By Olayinka Sodiq

African countries have tremendous economic potential, with rewarding opportunities for investors and partners. Are you looking for the best African countries to invest in to foster economic growth? Consider the below countries with the highest gross domestic product (GDP) for better investment returns. With these countries, you surely can benefit from substantial investment opportunities.

1. Nigeria

Nigeria had a remarkable year after missing the Rand Merchant Bank list of countries to invest in 2021. The country’s gross domestic product stood at US$514 billion in 2021, thus emerging as the African country with the highest GDP, according to Statista. Nigeria’s GDP rose by 4.03 percent in Q3 of 2021, according to the National Bureau of Statistics (NBS).

2. Egypt

According to the World Population Review, Egypt has a population of over 105 million. The country has the second-highest GDP in Africa at US$394 billion, according to Statista. Despite the COVID-19 pandemic’s effects, Egypt’s GDP grew in 2021. The country has a mixed economy profiting from fossil fuels, agriculture, and tourism, ideal for investors.