Seychelles Tops Africa's Investment Index as Nigeria Falls to 18th Position

According to a report by Rand Merchant Bank, Seychelles leads Africa's 2026 investment index, with Nigeria dropping to 18th position. Nigeria's decline is attributed to currency reforms, inflationary pressures, and a lower GDP in dollar terms.

The report highlights Nigeria's economic challenges, including overreliance on oil revenue and recent currency policy shifts by President Bola Tinubu. This has led to a significant decrease in Nigeria's GDP and impacted investor perception.

In contrast, Seychelles and Mauritius maintain strong positions due to stable macroeconomic environments and attractive market appeal.