Morocco is top of the list of preferred destinations of venture capitalists in North Africa, which has attracted no less than $ 5.3 billion in recent years according to a report of Private Equity and Venture-Capital Association (AVCA). Thanks to the 156 transactions, the region carves out about 15% of total private equity transactions recorded on a continental scale during 2007-2014.
Morocco, Egypt and Tunisia have thus cut the lion's share across the North African region, with 90% of all completed transactions.
According to experts of AVCA, North Africa has shown great resilience as evidenced by the maintenance of the activity of private equity firms despite a difficult economic and political environment in some countries.
Concerning foreign direct investment, Morocco remains the big winner of the North African area in recent years with more than $ 3.6 billion of FDI picked up in 2014, according to the UN Conference on Trade and development (UNCTAD).
In its report on "Global investment trends," the UN agency stresses that Morocco is the only country of the region that managed to reach a solid double-digit growth in a context of political and social tensions causing investment to the region to slow down.
This trend seems to continue in 2015 as FDI has reached 6.22 billion dirhams in the first quarter, against 6 billion in the same period last year.
AVCA: The African Private Equity and Venture Capital Association is the pan-African industry body which promotes and enables private investment in Africa. AVCA plays an important role as an effective change agent for industry, education and equipment thanks to the commitment of its members and the numerous actors of various projects.
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