Genesis Morocco: Milestone, Morocco elected “African Country of the Future” for the year 2011/12

Loading Assets... Please wait

Genesis Morocco

Project Genesis is a strategic sustainable development framework for Morocco to translate from being a net importer of energy and a country facing water shortage issues, into the number one producer both of clean renewable energy and water in the region.

Sunday, August 14, 2011    <<Home

Milestone, Morocco elected “African Country of the Future” for the year 2011/12

Morocco was elected “African Country of the Future for the year 2011/12″ by the IDF Intelligence, a division of the prestigious British company news, The Financial Times, specializing in foreign direct investment (FDI ).

Morocco, improves its ranking, climbing from the third position in 2009/10, to leadership positions in African countries, displacing South Africa, which occupied the first position. The third returns to Mauritius.

The breakthrough of Morocco “is due to its success in attracting FDI,” said IDF Intelligence, noting that FDI declined in South Africa and Egypt (first and second in the ranking of 2009 / 10), in contrast to Morocco, where foreign investment has increased by 8 pc in 2010.

Morocco is one of the few countries in the region with an increase of foreign direct investment projects, said the IDF Intelligence.

The Top-10 African, led by Morocco, including Egypt (4th), Ghana (5th), Seychelles (6th), Tunisia (7th), Namibia (8th), Ethiopia (9th) and Kenya (10th).

In addition to its first position in the standings, Morocco was awarded first place in the categories of infrastructure and strategy to promote FDI.

In the category of economic potential, Morocco ranks second behind South Africa and the fourth in that of human resources.

The Kingdom also outperforms the African countries in terms of Internet use per capita.

Sourced : Morocco Tomorrow