Morocco has secured the top position among African countries in terms of foreign direct investments (FDI) abroad, with a total of $836 million in 2023, according to a report by the United Nations Conference on Trade and Development (UNCTAD).
These investments span a wide range of sectors, from extractive industries to information technology. Morocco’s strategic approach to economic diversification has enabled companies such as the Office Chérifien des Phosphates (OCP) and Attijariwafa Bank to expand their presence abroad, particularly in West Africa and Europe.
Morocco’s ascent to the first place follows its third-place ranking in 2021 and fourth place in 2022, reflecting a consistent improvement in its FDI performance.
Following Morocco, Kenya ranked second with $588 million, Egypt third with $390 million, Nigeria fourth with $256 million, and the Democratic Republic of Congo (DRC) fifth with $235 million in foreign direct investments.
