According to the new report ‘Where to invest in Africa in 2024’ published by the South African bank Africa Rand Merchant Bank (RMB), out of 31 countries on the continent, Morocco is the 5th most attractive African country for foreign investors. The advantages associated with this position were highlighted on the basis of a number of factors, including connectivity, exchange rate stability, innovation, the level of inflation and liquidity.
“It should be emphasised that Morocco has an extremely positive business environment, with legal provisions that are not overly cumbersome, but also, and above all, easy access to the various factors of production to enable any investor to move into this economy.”
Meissa BABOU, Economist – Senegal
Occupying sixth place in 2023, the Kingdom of Morocco has moved up one place in the rankings, close on the heels of South Africa (4th) and Egypt (3rd), with the other two countries considered to be the most attractive being the Seychelles and Mauritius respectively. Morocco owes this performance to its proximity to the European market, its economic openness and its level of human development. This dynamic was confirmed in 2023, when GDP topped the 1,400 billion dirham mark for the first time.
“In addition, the Moroccan government’s framework not only makes it easy to enter all these markets, but also enables these products to be exported. Finally, a banking system that provides financing for these multiple entities, so these banks are effectively enabling many entities to develop more rapidly.”
Meissa BABOU, Economist – Senegal
In Morocco, 2024 was marked by a strong recovery in FDI, with a 51.6% increase in net flows compared with the same period in 2023, reaching more than MAD 10.62 billion at the end of June.