Morocco sees a 21% YoY increase in FDI in Jan. 2024
Tuesday, 05 March 2024 17:20
Morocco collected MAD3.6 billion ($360 million) in foreign direct investments (FDI) in January 2024, marking a 21% increase compared to the same month in 2023, data released on March 1 by the Moroccan Foreign Exchange Office showed.
However, remittances from the Moroccan diaspora saw a decrease of 2.6% in January 2024 compared to the same period last year, totaling MAD9.2 billion ($916 million), the same source noted.
The Moroccan Foreign Exchange Office also reported that the country's trade deficit narrowed by 15.3% year-over-year in January, reaching MAD22.44 billion ($2.2 billion). This improvement was attributed to a 2.8% decrease in imports and a 7.2% increase in exports.
Additional Info
- communiques: Non
- couleur: N/A
Live News
-
Mozambique, South Africa Advance Digital Border Plan on Maputo-Gauteng Corridor
17:38
-
South Africa Detains Beninese Activist Kemi Seba, Confirms Benin Arrest Warrant
17:29
-
South Africa’s Biovac Secures Over $200M in Push to Scale Africa Vaccine Production
17:10
-
Angola Seeks Partners for Lobito Refinery, Sets Red Line on Control
16:46
-
Africa's fiscal tightrope: IMF's Era Dabla-Norris on debt markets, tax reform and the limits of discipline
15:49
-
Africa's fiscal tightrope: IMF's Era Dabla-Norris on debt markets, tax reform and the limits of discipline
15:22
-
Cameroon Issues Financial and Environmental Conditions for Suspended Gold Mining Operations to Resume
13:21
-
Togo Steps Up Efforts to Implement Nagoya Protocol on Genetic Resources
13:02
-
Togo Launches Second Polio Vaccination Round After 95% First-Phase Coverage
12:37
-
Visa launches sixth cohort of its Africa fintech accelerator
11:34
Driven by above-average growth and rapidly expanding demographics, Francophone Africa is emerging as...
Algeria launches bid for two NGSO satellite telecom licenses Move aims to expand broadband ac...
EBID aims to allocate nearly 41% of its commitments to environmentally and socially impactful projec...
Coca-Cola unit trains 260+ SMEs in Namibia business skills Program targets women, youth, disabled...
Four major operators—Mauritel, Mattel, Rimatel, and Chinguitel—submitted a combined bid of ...
Mozambique, South Africa to launch digital one-stop border system Reform expected to cut delays, integrates customs, immigration, cargo...
Activist Kemi Seba arrested in Pretoria with two others Suspected illegal border crossing attempt costing 250,000 rand Faces extradition to...
Angola seeks partners for Lobito refinery, retains at least 51% stake Project delayed; $4.8 billion financing gap remains Zambia...
Kasiya mine cost rises to $727 million, DFS shows Project targets major rutile and graphite output over 25 years Financing pending as...
Fally Ipupa plans a two-part album project combining urban sounds and traditional rumba. The first album “XX” releases on April 17, while “XX Delirium”...
MASA 2026 gathers artists and industry professionals from over 28 countries in Abidjan. The event features 99 performances across market and...