52 African markets ranked for investment
The AfriCand Africa Investment Opportunity Index 2027 scores each market from 0 to 100 on six pillars and 18 indicators drawn from official IMF, World Bank and rating agency data. Explore the ranking and each country's profile.
Get the full report● Rank moves by more than 5 places in at least one sensitivity test. Click a country to see its profile.
Opportunity and readiness: four market profiles
Each dot is a market. Dashed lines mark the medians of the 52 markets; the top-right quadrant holds the core markets.
- Core markets : Opportunity and readiness above the median
- Stable niches : High readiness, more limited opportunity
- Undervalued growth : Strong opportunity, readiness still low
- Cautious approach : Opportunity and readiness below the median
Six pillars, 18 indicators, sensitivity tests
- Size and growth (25%): GDP 2025, projected real growth 2026 to 2028, GDP per capita PPP, population
- Macro stability (15%): inflation, public debt, average S&P, Moody's and Fitch sovereign rating
- Institutions (20%): regulatory quality, rule of law, political stability
- Infrastructure (15%): access to electricity, internet users
- Capital access (15%): net FDI inflows as % of GDP (2022 to 2024 average), private credit, trade openness
- Regional access (10%): AfCFTA ratification, GDP of the regional economic community, sea access
Log transforms for size variables, winsorisation at the 5th and 95th percentiles, min-max scaling, no imputation. Sensitivity tests: equal weights, no projections, and plus or minus 5 points on each pillar. Senegal is not covered in this edition; Eritrea is not ranked for lack of data.
Sources: IMF, World Economic Outlook, October 2026; World Bank, WGI 2026 and WDI; S&P, Moody's and Fitch rating actions to October 2026; US International Trade Administration (December 2025) for AfCFTA; AfriCand analysis.
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