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Morocco Ranks Second in Africa for Investment Attractiveness, Report Finds

– bySylvanus · 1 min read
Morocco Ranks Second in Africa for Investment Attractiveness, Report Finds

Morocco is the second best destination for investments in Africa, behind Egypt. This is indicated by the 2020 report of Rand Merchant Bank (RBM), one of the leading investment banks in South Africa, which ranks it in 3rd place.

With its ranking as the second best destination, Morocco is among the top five African economies. The 2020 report of Rand Merchant Bank (RBM), entitled "Where to Invest in Africa 2020", states that the kingdom continues to achieve significant results in terms of economic growth and improvement of the business climate.

The report also specifies that Morocco’s Gross Domestic Product (GDP) should achieve an average annual growth of 4% in the medium term, due to the improvement of the business climate. An improvement that has especially taken off since 2011, when there was an influx of protests in certain countries in the Middle East and North Africa region.

Similarly, Morocco’s return to the African Union in January 2017 has attracted more foreign investors.

Category: Economy
Keywords:
Investment South Africa Ranking Egypt GDP Africa

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