Morocco is the most attractive economy for investors on the continent, according to the 2017 edition of the Africa Attractiveness Index published by the audit firm Ernst & Young in early May.
Introduced in 2016, the Africa Attractiveness Index (AAI) measures the relative attractiveness of investments from 46 African economies on the basis of a balanced set of targeted short-term and long-term criteria. Entitled “Connectivity redefined”, this latest edition assesses the progress made in the areas of governance, diversification, infrastructure, business opportunities and human development as well as the likely resilience of economies in the context of current macroeconomic pressures.
Thus, the economic dynamism and the position of an emerging country, close to Europe, have made the Shereefian kingdom a preferred destination for investors in search of investment and business opportunities.
Morocco (+1) takes first place in the largest African economy in 2016, South Africa. The rainbow nation now shares the second step of the podium with Kenya (+2). Note also the good places of Côte d’Ivoire (7th, +2), Mauritius (8th, -3) or Senegal (9, +2).
The countries that lost the most places are Egypt (8 places lost), Benin and Ethiopia (6 places) and Tunisia (5 places).
The study finds that over the past year, major economies in Africa have attracted more foreign investors. Collectively, these markets – South Africa, Morocco, Egypt, Nigeria and Kenya – attracted over 58% of FDI projects in 2016.
2-South Africa (-1)
7-Ivory Coast (+2)
18-Cape Verde (+5)
21-Burkina Faso (+0)