Egypt remains top recipient of FDI in Africa for 5th year in a row
- 17 May 2022 / News / 230 / Fares RAHAHLIA
CAIRO – 16 May 2022: Egypt has remained as a top recipient of foreign direct investment in Africa for the fifth year in a row in 2020/2021, reaching $5.9 billion, which represents 53 percent of foreign direct investment directed to North Africa.
Egypt has improved the business environment, which includes benefiting from and building on institutional and legislative reforms, such as the new investment and bankruptcy laws, as well as amending the Public-Private Partnership Law, amending the Capital Market Law.
Egypt has also launched the National Structural Reform Program, which includes a set of supporting pillars like: increasing the relative weight of sectors Industry, agriculture, communications and information technology in the Egyptian economy, in addition to improving the efficiency of the labor market and technical and vocational education and training through developing the technical education and vocational training system.
A report by the Ministry of Planning and Economic Development revealed that despite the challenges posed by the Corona crisis; Egypt remained at the forefront of foreign direct investment in Africa.
The report indicated that foreign direct investment increased in the first quarter of 2021/2022 by 4 percent, with inward investment in non-petroleum sectors increasing by 28 percent, including: industry, financial services, construction, information technology and communications,
The report indicated that the United Kingdom accounts for 34 percent of the total foreign direct investment, followed by the United States.
MOROCCO - IMF Mission Highlights Moroccan Central Bank's Transparency Practices
- 28 December 2022
This mission, whose expertise and relevance of recommendations praised Bank Al-Maghrib, focused on examining the bank's transparency practices in five areas, relating to "Governance", "Policies", "Ope...
MOROCCO - Morocco Has Strong Inflation Fundamentals, Says Economy Minister
- 27 December 2022
"Morocco has long had the lowest inflation in the region, and has been able to minimize the impact of the crisis on the purchasing power of citizens despite a difficult economic situation in 2022," sa...
MOROCCO - Ambassador to AU Urges PAP to Ensure Full Participation of African Citizens in Continent's Development
- 20 December 2022
The PAP was established with a clear statutory mandate to ensure primarily the effective participation of African citizens in the economic integration and development of the continent, the Moroccan di...
MOROCCO-Morocco Opposes Modernity, Social Reality's Hopes to Fractures, Fears Expressed in Fragmented World - Azoulay Tells 'The Atlantic Dialogues'
- 19 December 2022
"Carried by the committed and proactive leadership of His Majesty King Mohammed VI, Morocco has chosen, in the land of Islam, to make the legitimacy and richness of all its diversity the central engin...
MOROCCO-Lower House Speaker Visits Austria to Strengthen Parliamentary Cooperation
- 16 December 2022
The visit of Talbi Alami is the first of a speaker of an Arab and African legislative body in the Austrian Parliament and comes to commemorate the 240th anniversary of Moroccan-Austrian relations, cel...