Bloomberg’s Guide to Investing in Africa 2026

What are the biggest opportunities and risks for investors in Africa? Here's what you need to know from Bloomberg's annual investors guide. So, Africa was already in the midst of an investment boom before the Iran war. As the conflict exposes the risks of over-reliance on the Middle East for key commodities, we're seeing African industries becoming even more attractive to investors. Opportunities are abound in sectors such as fertilizer, transport infrastructure, and energy. And the artificial intelligence gold rush, also the Trump administration's push to secure access to critical minerals in its ever-heightened competition with China have also made Africa a popular investment destination. Now, if we take a look at it on a country-by-country level, risks are changing. The Bloomberg Riskometer analyzes 19 African markets based on five criteria: economic strength, fiscal strength, institutions and governance, infrastructure, and external vulnerability. This is what we found. Mauritius booted South Africa to top spot this year. And strong economic metrics in Nigeria and Ghana have helped them climb up the rankings. That's unlike Botswana and Kenya, which were among the biggest tumblers on weaker growth outlooks. So, yes, risks do persist, but there is still reason to be optimistic. Billions of dollars is still being invested into Africa from many parts of the world, from China to Canada, and even more so now with homegrown industrialists expanding the mega projects such as Aliko Dangote. You can check out the full guide, though, for a window into investability for a continent, we should say, that's already poised to be the world's fastest-growing region over the next 5 years.