Morocco has been ranked among the top five investment destinations in Africa for 2024, according to Rand Merchant Bank’s (RMB) latest investment report.
In its 2024 Investment Report, Rand Merchant Bank highlighted Morocco’s strong appeal as an investment destination, placing it among the top five African countries.
Morocco, which was ranked second last year, has been recognized as a promising investment destination.
The report emphasizes Morocco’s strong economic stability, human and social development, and notable advancements in communication and innovation. Morocco’s strategic proximity to European markets further enhances its investment appeal.
The Seychelles and Mauritius topped the list, while South Africa’s attractiveness declined due to weakening economic indicators.
RMB’s analysis, covering 31 investment destinations across the continent, uses a robust methodology that incorporates new data sources, evaluating various factors to assess a country’s progress and investment potential.
The report also underscores the increasing investment appeal of African nations, noting the continent’s diverse markets and economies.
South African RMB published its list of the top ten investment-worthy African nations, targeting investors who wish to invest in real assets or build enterprises which rely on physical infrastructure.