Egypt beat South Africa to the top stop of Rand Merchant Bank’s “Where to Invest in Africa” report for 2018. This is the first time South Africa has not been in top spot since the report was initiated seven years ago, Fin24 reports. Analyst Celeste Fauconnier tells Bloomberg TV that Egypt came ahead of South Africa because of its better economic growth prospects, despite lagging behind in terms of business environment. The report contained a “surprise” in its omission of Nigeria and Algeria from the Top 10 list “due to the erosion of its short-term investment appeal by recessionary conditions,” Fauconnier explains. Overall, the report said Africa could be “on the brink of disaster” if its economies do not become more diversified. While Morocco, Ethiopia, Ghana, and Kenya followed to make up the top six respectively, a standout entry was Rwanda, which reentered the list in eighth position. The report says Rwanda was helped by being one of the fastest reforming economies in the world, with high real growth rates and making a continuing attempt to diversify its economy.