Morocco ranks fourth in the new edition of Where to Invest in Africa, the annual report by South Africa's Rand Merchant Bank (RMB), up from fifth in the previous edition. In doing so it overtakes South Africa. Seychelles, Mauritius and Egypt hold the top three places for the third year in a row.
RMB assessed 31 African countries on 20 indicators across four categories: economic performance and potential, market access and innovation, investment climate, and social and human development. The ranking measures relative attractiveness to investors, not the foreign investment actually received.
The report points to Morocco's economic growth, which reached 4.9% in 2025 compared with 1.1% for South Africa. The car industry also plays a part: according to the Office des Changes, the sector's exports reached over 116 billion dirhams in the first eight months of 2026, up 14.5% on a year earlier.
A stronger position in international rankings can support the confidence of companies and investors. For the property market this matters mainly through jobs and demand for offices, business premises and homes in the main economic centres.
