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KPMG Identifies Top Investment Destinations in Sub-Saharan Africa

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Sub-Saharan Africa,Investment,Nigeria

KPMG's report 'Doing deals in sub-Saharan Africa 2024' reveals Nigeria, South Africa, and Kenya as the most attractive locations for future investments over the next two years. The report, based on a survey of international and domestic investors, highlights the dominance of these economically powerful nations and their abundant resources, developed financial markets, and large youthful populations as key draws for investors. KPMG anticipates increased deal flow in sectors like energy, mining, and technology, driven by factors such as physical assets, growth capital, and attractive valuations.

KPMG says the top destinations for future investments in the next two years in sub-Saharan Africa are Nigeria, South Africa, and Kenya.

“The top destinations for investment in the next two years are South Africa and Nigeria ,” the report reads.“These economic powerhouses were followed, at some distance, by Kenya . No other country was mentioned by more than one-in-ten respondents overall. “Similarly, Nigeria has SSA’s largest population, the region’s second-largest economy, and remains a substantial hydrocarbons producer,” the report reads.

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