Morocco has developed its economic profile in Africa a lot in recent years, and it has become among the most African countries that receive a significant foreign investment every year.
A report issued by Rand Merchant Bank “RMB” entitled “Where to invest in Africa” included Morocco among the best 10 African countries where the investors could launch their investment with many trusts.
Morocco ranked third after Egypt and South Africa. The report says that “Morocco is positioning itself as the new gateway to African markets – the foreign investment portal to other African economies”.
“To achieve its economic goals, the Moroccan government is cultivating allies across the Sahara than its Arab neighbours; it got reintegrated into the African Union, and it’s now courting West African leaders for integration into the Economic Community of West African States (ECOWAS)”, the report adds.
The RMB report mentioned the advantages that make Morocco among the best ten, saying that “The country has the advantage of having a more stable and receptive business environment than many sub-Saharan countries. The economy is expected to grow by 4 percent in the next few years.”.
The other 7 African countries included in the report are Ethiopia fourth, Kenya fifth, Rwanda sixth, Tanzania Seventh, Nigeria eighth, Ghana ninth, Ivory Coast tenth.
