Connect with us

Africa

Moroccan Investments in Africa: Morocco Strengthens its Position

The updated data shows that Morocco is the 7th Arab investor in Egypt. This is what emerges from the latest note published by the Central Bank of Egypt, which highlights the amount of investment that amounts to $6.3 billion (MM$) of net direct investment during the period from July 2021 to March 2022. Compared to a year earlier ($2.3 billion), these MSDIs have grown by 172%.

Published

on

The latest note from the Central Bank of Egypt indicates that Morocco occupies the 7th position in terms of foreign direct investment in Egypt over the period from July 2021 to the end of March 2022. Investments that continue to increase gradually.

Morocco continues to consolidate its position as a dynamic investor in Africa. The 5th edition of the annual Barometer, established by the Havas group, indicates that Morocco occupies the 5th position in the ranking of investments in Africa.

Indeed, according to the figures of the Office of Foreign Exchange for the year 2021, Moroccan direct investment abroad (IDME) amounted to $114 million (1.2 billion dirhams) in Côte d’Ivoire, which ranks first.

The Kingdom is followed by Egypt, which has accumulated total investments of around $40.4 million (465 MDH). This trend has continued during the first quarter of 2022, especially for Egypt.

If you want to find more about Morocco’s investments in Egypt, download for free our companion app Born2Invest. Our seasoned journalists bring you the most important economic news of the day so you can stay on top of the market.

The updated data shows that Morocco is the 7th Arab investor in the country

This is what emerges from the latest note published by the Central Bank of Egypt, which highlights the amount of investment that amounts to $6.3 billion (MM$) of net direct investment during the period from July 2021 to March 2022.

Compared to a year earlier ($2.3 billion), these MSDIs have grown by 172%. And it is the United Arab Emirates that is positioned at the top of the list with $2.67 billion in the third quarter, against $1.47 billion, or more than 83% in one quarter.

SEE ALSO  Environmental protection crucial in Asia-Pacific coal mining

For Morocco, investments amounted to $17 million in the third quarter, against $14 million the quarter before, an evolution of about 21.5%.

It should be noted that in the first quarter of 2022, Moroccan direct investment abroad stood at $427 million (4.5 billion dirhams), showing a decline of 15% or -$75.7 million (-797 million dirhams) compared to the same period of the previous year.

Over the year 2021, MSDIs reached $1.73 billion (18.2 billion dirhams), an increase of $1 billion (10.6 billion dirhams) over one year. Thus, the net flow has achieved an evolution of 4.5%. In terms of sector, it is the financial and insurance activities that monopolize the lion’s share with a total amount invested of $247 million (2.6 billion dirhams).

The industry comes in second place and Egypt ranks 5th among the main destinations. As a reminder, the statistics of the Office of Foreign Exchange show that Africa is the main destination of Moroccan direct investment abroad with a share of 58.1%, against 58.5% in 2020 and 57.7% in 2019.

__

(Featured image by Tumisu via Pixabay)

DISCLAIMER: This article was written by a third party contributor and does not reflect the opinion of Born2Invest, its management, staff or its associates. Please review our disclaimer for more information.

This article may include forward-looking statements. These forward-looking statements generally are identified by the words “believe,” “project,” “estimate,” “become,” “plan,” “will,” and similar expressions. These forward-looking statements involve known and unknown risks as well as uncertainties, including those discussed in the following cautionary statements and elsewhere in this article and on this site. Although the Company may believe that its expectations are based on reasonable assumptions, the actual results that the Company may achieve may differ materially from any forward-looking statements, which reflect the opinions of the management of the Company only as of the date hereof. Additionally, please make sure to read these important disclosures.

First published in LES ECO.ma, a third-party contributor translated and adapted the article from the original. In case of discrepancy, the original will prevail.

Although we made reasonable efforts to provide accurate translations, some parts may be incorrect. Born2Invest assumes no responsibility for errors, omissions or ambiguities in the translations provided on this website. Any person or entity relying on translated content does so at their own risk. Born2Invest is not responsible for losses caused by such reliance on the accuracy or reliability of translated information. If you wish to report an error or inaccuracy in the translation, we encourage you to contact us.

Suzanne Mitchell juggles the busy life of a full-time mom and entrepreneur while also being a writer-at-large for several business publications. Her work mostly covers the financial sector, including traditional and alternative investing. She shares reports and analyses on the real estate, fintech and cryptocurrency markets. She also likes to write about the health and biotech industry, in particular its intersection with clean water and cannabis. It is one of her goals to always share things of interest to women who want to make their mark in the world.