Morocco Tops Africa in Mining Investment Attraction for 2024
An annual report from the Canadian Fraser Institute reveals that Morocco has emerged as the leading African nation for investment in the mining sector for 2024, securing the 18th position globally out of 82 countries assessed, surpassing nations such as Botswana, Zambia, and Namibia.
According to the report, which analyzed a survey involving 350 managers and executives from exploration and development companies worldwide, Morocco received a score of 74.7 on the investment attractiveness index. This index assesses the quality of mineral resources and the political and regulatory environment in each country.
Despite Morocco’s drop in the policy perception index from 12th place in 2023 to 28th in 2024, its rich geological resources have allowed it to maintain a strong global position. The country scored 70.84 out of 100 in this index, down from 86.53 the previous year.
In terms of geological potential according to best practices, Morocco ranks 11th globally out of 58 countries, achieving a score of 77.27, reflecting the diversity and abundance of its natural resources, particularly phosphate and base metals.
The report noted that global exploration companies spent a total of $6 billion on exploration activities in 2024 and emphasized that countries combining policy stability with resource richness remain the preferred destinations for investors.
