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
-
Cameroon Is Drinking More Wine, With Imports Up 37% in 2025
19:59
-
A Looming Fertilizer Crunch Raises the Risk of Global Food Inflation
19:49
-
Chad Expands Power Investment but Still Faces a Deep Energy Deficit
19:37
-
South Africa Once Hosted the G20. Now It Is Being Shut Out
19:03
-
BDEAC Backs Feasibility Work for Cameroon’s $1B Minkouma Power Project
18:44
-
As Bank Lending Falls Short, African SMEs Turn to Alternative Finance
18:42
-
BGFIBank Cameroon Signals Expansion With Bigger Payout and Capital Hike
18:40
-
AfDB Funds Nigeria’s $2 Billion Fiber Plan to Expand Broadband Access
18:30
-
Mixx Togo joins BCEAO payment platform, enabling cross-border transfers across UEMOA
17:06
-
Orange Group Pivots to Africa for Primary Revenue Growth Through 2030
16:57
EBID aims to allocate nearly 41% of its commitments to environmentally and socially impactful projec...
M-PESA evolves into major financial platform with 35 million users Telecoms, fintechs expan...
Algeria launches bid for two NGSO satellite telecom licenses Move aims to expand broadband ac...
Coca-Cola unit trains 260+ SMEs in Namibia business skills Program targets women, youth, disabled...
Driven by above-average growth and rapidly expanding demographics, Francophone Africa is emerging as...
FAO urges countries not to restrict fertilizer and energy exports War-linked disruptions threaten global supply and drive prices higher Food security...
Parliament approves loans for second phase of electricity reform program Project aims to improve access and strengthen national energy system Severe...
South Africa excluded from 2026 G20 under U.S. presidency Diplomatic tensions with Washington deepen after public disputes Absence risks...
AfDB approves $200 million loan to expand Nigeria’s fiber network Project aims to extend coverage nationwide and boost broadband...
MASA 2026 gathers artists and industry professionals from over 28 countries in Abidjan. The event features 99 performances across market and...
French lawmakers approve colonial-era restitution framework unanimously Law enables returns by decree, replacing case-by-case...