Morocco dethrones Africa’s richest country as most attractive investment hub as manufacturing growth draws investors north

Morocco has overtaken South Africa to become Africa’s fourth-most attractive investment destination, as years of industrialisation, export diversification and infrastructure investment help the North African country gain ground on the continent’s largest economy, according to Rand Merchant Bank (RMB), a subsidiary of FirstRand Ltd.

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By Adekunle Agbetiloye·October 27, 2026·South Africa