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.
Plus234Feed summary based on reporting from Business Day. Read the original report below.
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