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
-
EgyptAir Takes Delivery of Its First A350-900 for Long-Haul Expansion
20:39
-
Togo signs 5-year IAEA Agreement to expand peaceful use of nuclear technologies
20:33
-
Algeria Launches National Framework to Govern Public Data
20:27
-
Cameroon issues inaugural 15-year Treasury bond in CEMAC zone
20:25
-
Cameroon tightens gold controls, revokes non-compliant artisanal mining permits
20:10
-
Algeria secures over $3 billion AfDB financing to extend national rail network
19:57
-
Uganda, Tanzania discuss cross-border rail link to diversify logistics routes
19:38
-
UNESCO backs efforts to safeguard Africa’s oral and written heritage through digitization
19:32
-
Uptooyoo Builds Marketplace for Freelancers and Trades in South Africa
19:17
-
Cameroon launches consultations for tailored special economic zones in five regions
18:45
Except for Tunisia entering the Top 10 at Libya’s expense, and Morocco moving up to sixth ahead of A...
Deposits grow 2.7%, supporting lending recovery Average loan sizes small, credit risk persists ...
Oil majors expand offshore exploration from Senegal to Angola Gulf of Guinea accounts for about 1...
The BCEAO granted Semoa a level-3 “full service” payment institution license on January 27, 2026...
MTN is considering buying back telecom towers it sold years ago, signalling that control of infras...
Aircraft to modernize long-haul fleet, open US and Asia routes A350 cuts fuel use 25%, supports Egypt’s tourism growth strategy EgyptAir received an...
Financing covers rail extension to El Meniaa and Ghardaïa over about 495 km Project is first phase of trans-Saharan rail corridor linking Algiers to...
Extension of Tanzania’s SGR toward Uganda discussed during Museveni visit Project could link Lake Victoria ferries to rail freight corridors Move...
Project backed by UNESCO secures and digitizes rare West African archives More than 2,100 manuscripts digitized and 4,000 documents...
Porlahla Festival ends third edition in Kouto, promoting Senufo culture Event draws regional and international participants, boosting cultural...
Essaouira is a coastal city in Morocco, on the Atlantic Ocean, in the Marrakech–Safi region, about two and a half hours by road from Marrakech. It stands...