Africa’s top three economies are powerful magnets – they draw in everyone as a result of their size. But the picture is decidedly mixed: rising security risks and political instability in Egypt; recession and militancy in Nigeria; and escalating political risks in South Africa.
These trends are clearly reflected in the position of each of the three countries on the Africa Risk-Reward Index. Before we take a closer look at each of these countries, a word of caution: we list these countries first not necessarily because they portray the best risk-reward balance. In fact, the search for reward in these countries is an exercise in great nuance and forbearance. It is present in each, but is sometimes hidden, requiring meticulous identification and cautious extraction.