Tunisia has experienced a significant drop in its investment attractiveness ranking for 2025/2026, according to the Rand Merchant Bank (RMB) report.
The country is now ranked 12th out of 31 African nations, dropping from 7th in the previous report (2024/2025).
Tunisia’s operating conditions score reaches only 0.14 on a scale from 0 to 1. Upon closer analysis, the country’s weaknesses appear in: the growth structure, ranked 30th; GDP growth forecasts, ranked 31st; and population growth, ranked 30th.
Tunisia is part of the group that experienced the most significant decline, alongside Nigeria (down 9 places), Senegal (down 6), and Mozambique (down 5)
As the report highlights: “With only 1.4%, Tunisia’s average five-year forecast growth rate is among the weakest. The strained fiscal situation leaves the authorities little room to remedy this.”
“Where to Invest in Africa 2025/2026” is a report published by the South African financial services holding company Rand Merchant Bank (RMB), which analyzes investment opportunities on the continent.
It is a ranking of African countries for future investment, with each country being assigned an “operating conditions” score calculated from 20 indicators.
These include GDP, population size, GDP per capita, urbanization rate, innovation, connectivity, exchange rate stability, governance and political stability, as well as social factors such as human development, inflation, and income inequality.
The study covers 31 countries, representing 90% of Africa’s GDP, 83% of its population, and 61% of the continent’s total land area.
The Top 5 remains unchanged compared to the 2024/25 edition of the report. The Seychelles and Mauritius retain their leading positions as the two most attractive countries on the continent.
They are followed by Egypt (3rd), South Africa (4th), and Morocco, which completes the Top 5.
Behind them, we find Ghana, followed by Algeria, which gains three places compared to last year to climb to 7th position, after being 10th. Next are Côte d’Ivoire, Tanzania, and Kenya, which complete the Top 10.
It is worth highlighting the countries that made the most significant progress in the ranking: Côte d’Ivoire, which moved from 16th to 8th place, followed by Zambia (up 5 places), Algeria (up 3 places), and Tanzania (up 3 places).
