Tan-Tan – Morocco ranked seventh among 19 African economies in Bloomberg Economics’ 2026 Investment Risk-O-Meter, placing it in the upper half of the markets assessed but well short of the top positions in the scorecard.
Morocco received an overall risk rating of 0.2, according to Bloomberg’s 2026 Investor’s Guide to Africa. Mauritius ranked first with 0.6, followed by South Africa at 0.5. Egypt, Ghana, Botswana, and Côte d’Ivoire each scored 0.3, while Nigeria followed Morocco in eighth place with 0.1.
The ranking compares 19 African economies across five areas that Bloomberg considers relevant to investment risk, including economic strength, fiscal strength, institutions and governance, infrastructure, and external vulnerability. The methodology standardizes indicators including economic growth, debt, political risk, and foreign reserves before combining them into an overall score.
Bloomberg’s score therefore does not mean that Morocco carries a specific level of investment risk, nor does seventh place represent a ranking of all African countries. The 19 economies in the assessment account for roughly one-third of the continent’s economy and were selected to include major markets as well as countries with characteristics that attract investors, such as commodity resources and established financial centers.
The relatively narrow spread between several countries also puts Morocco’s position into perspective. Six of the top 10 markets scored between 0.1 and 0.3, meaning relatively small differences separate Morocco from a number of its peers. Nigeria, for example, climbed four places to eighth after improvements in its economic strength, fiscal strength, and external vulnerability scores.
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Morocco’s position nevertheless reflects several factors that have made the country an established destination for international investment. Bloomberg’s broader guide indicates Morocco’s role as a continental automotive hub, particularly through vehicle and electric-vehicle exports to European markets. The country has also attracted investment into aerospace, renewable energy, and other export-oriented industries.
The scorecard comes as African economies compete for investment in infrastructure, manufacturing, energy, and critical minerals. Bloomberg identifies these sectors as areas likely to attract capital as companies seek new supply chains and markets.
For Morocco, the seventh-place ranking offers a mixed picture rather than a clear accolade. The country remains ahead of 12 of the 19 economies assessed, but six markets recorded higher scores. Its position also leaves room for improvement across the economic, fiscal, institutional, infrastructure, and external-risk indicators that Bloomberg uses to assess investment conditions.
Meanwhile, Morocco continues to strengthen its position as an investment destination through large infrastructure projects, industrial development, and efforts to attract foreign capital. The country is preparing for major spending linked to the 2030 FIFA World Cup, which it will co-host with Spain and Portugal, while continuing to expand its automotive, aerospace, renewable energy, and phosphate-related industries.
Morocco also regained an investment-grade sovereign credit rating from S&P Global Ratings in 2025, when the agency raised its rating to BBB-, making Morocco the only African Eurobond issuer with an investment-grade rating at the time.
