MOROCCO: 2017 TOP INVESTMENT DESTINATION IN AFRICA

Morocco ranks number one in 2017 top investment destination in Africa

According to Quantum Global Research Lab’s latest Africa Investment Index 2018 (AII), Morocco is the most attractive economy for investments in Africa.

Morocco ranks first based on its increasing economic growth, strategic geographic positioning, increased foreign direct investment, external debt levels, social capital factors and overall favourable business environment.

Morocco has consistently attract inward flow of foreign capital, specifically in banking, tourism and energy sectors and also through the development of industry. According to Moroccan Exchange Control, the country attracted nearly US$2.57bn of foreign direct investment (FDI) in 2017.

Interesting sectors International investors can invest in include areas such as energy, infrastructure, tourism, and ICT amongst others.

According to AII 2018 top 5 African investment destination are Morocco, Egypt, Algeria, Botswana, Cote d’Ivoire. They all attracted a combined net FDI of US$12.8bn in 2016.

In the index Nigeria ranks 14th, an upgrade from 2016’s 19th position. This is largely due to its recent economic recovery arising from higher oil prices.

Ghana also improved ranking to 16th from a previous 18th position. The country also expects to move up in next year’s ranking.

Below is a list of the top 10 and bottom 10 of the index: