Egypt maintained its top position in the African tourism sector for the third consecutive year, while South Africa regained its leading position from Nigeria in Africa’s trade rankings, driven by a substantial increase in foreign direct investment (FDI), according to the latest research from Bloom Consulting. Senegal’s significant improvement was another key finding, with the nation jumping 11 spots to seventh place in the continental rankings. In the tourism sector, Morocco, Ethiopia, and Uganda were highlighted as countries experiencing the most significant positive changes, while South Africa, Ghana, and Nigeria saw declines compared to other African nations. “South Africa reclaims its leading position from Nigeria in Africa’s trade rankings, primarily driven by a substantial increase in FDI,” the Bloom Consulting report stated. The research underscores the dynamic nature of Africa’s economic landscape, with countries experiencing shifts in both trade and tourism attractiveness.

Source: Daily News Egypt June 26, 2024 20:54 UTC