Home / Banking / Morocco: Investment of 37 Billion MAD during 15 years in Africa

Morocco: Investment of 37 Billion MAD during 15 years in Africa

Morocco directly invested 37 Billion dirhams between 2003 and 2017 in other African countries.

The finance ministry said that some 55% of the money went to western Africa, 25% to northern Africa, 15% to central Africa and 5% to southern Africa.

The figures are from the finance department and are important indicators of the Moroccan presence that has been consolidating over the years and that are part of the country’s entrance into the African Union.

Egypt and Ivory Coast are the countries that received the highest amount of funds, between 19 and 20 percent, in the period under consideration. In third place Mali. Banks and telecommunications are the most popular investment sectors.

Check Also

UNESCO: Morocco elected member of committee for the Safeguarding of the Intangible Cultural Heritage

Morocco was elected on Thursday as a member of the Intergovernmental Committee for the Safeguarding …

Leave a Reply