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South Africa and Mauritius Remain the Top Two African Investment Destinations in 2023

The Absa Africa Financial Markets Index (AFMI) is a useful tool for assessing the investment attractiveness of African countries. It measures progress in the development of capital markets and provides individual countries with guidance on how to attract international investment. For the second year in a row, the majority of AFMI countries have improved their scores. Zimbabwe and Rwanda saw the biggest improvements, with each country gaining almost 2 points. Zimbabwe has incorporated climate risks into financial stability regulation, while Rwanda is working with multilateral organisations to improve market standards for green investments.