A report issued by the American magazine “Business Insider”, specialized in financial and business affairs, stated that Morocco was ranked among the top ten investment destinations in Africa for the year 2024, occupying fifth place.
The report was entitled “Where to invest in Africa in 2024”, and estimated Morocco’s score at 0.30 points, while the Seychelles topped the list with 0.72 points, followed by Mauritius with 0.69 points, reflecting the positive investment climate in those regions.
Foreign direct investment flows to Morocco recorded a decline during the past year, reaching $1.095 billion in 2023, compared to $2.260 billion in 2022, and the data shows the significant impact of global economic fluctuations on investments in the region.
This classification comes at a time when Morocco is working to strengthen its infrastructure and regulatory reforms to attract more foreign investments, which confirms the growing confidence in the Moroccan market as a strong investment destination in the African continent.
In 2024, Morocco witnessed a significant improvement in the investment climate, which led to record returns. During the first third of the year, direct capital recorded $1.28 billion, reflecting a significant increase in the volume of investment. In addition, foreign direct investment achieved a record level of 16.1 billion dirhams during the first five months of the year.
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