A recent report by the Ecofin International Agency for Economic Studies, China's growing interest in the African continent as a destination for investment has taken a notable turn, with Egypt and Morocco securing their places among the top 12 most attractive African countries for Chinese companies. This development signifies a significant boost for economic ties between these African nations and China, highlighting their potential for mutually beneficial partnerships.
The report assessed 200 indicators, categorized into opportunities and risks, with factors like GDP, natural resources, and infrastructure playing a significant role. South Africa stands out as the most attractive African country for Chinese investment, marking a significant leap since 2013. Egypt also shows remarkable progress. The report anticipates that African markets will gain more prominence in the late 2020s, boosted by improved incomes and the African Continental Free Trade Area. However, in terms of advanced technology, African countries have room for growth. Singapore remains the top choice for Chinese investors globally.