Best Emerging Markets in Africa 2025

AOI original ranking: Best Emerging Markets in Africa 2025
Ethiopia: Africa's most significant emerging market by scale — 130M people, telecom liberalisation, banking opening, consistent growth despite post-conflict challenges. Investors who engage early with strong local partnerships capture returns that later movers cannot.
Senegal: West Africa's most promising emerging market — political stability, first oil revenues arriving, growing Dakar startup ecosystem, French + English language accessibility making it the most navigable Francophone market for international investors.
Côte d'Ivoire: Fastest-growing major Francophone African economy. Abidjan's commercial infrastructure is West Africa's strongest in the Francophone tier; 7%+ annual GDP growth; cocoa processing value-addition opportunity; increasingly on international investors' radar.
Tanzania: Consistent 6-7% growth, improving policy environment, East Africa's second port, and the Swahili-language digital economy opportunity uniquely available to companies based in Dar es Salaam.