Morocco has been named the African Country of the Future 2011/12 following an increase in foreign direct investment (FDI) last year. The foreign direct investment (FDI) plays a extraordinary and growing role for African countries as it is a source of foreign capital and funds.

 

 

 

The African Countries of the Future is an annual classification of countries that measures the FDI strategy, economic potential, human resources etc of countries on the continent. It is generated using data collected by fDi Magazine, a bi-monthly FDI publication owned by The Financial Times Ltd.

The North African country knockedSouth Africa from the overall top spot and also came top of the list in the Infrastructure and FDI Strategy categories. FDI in the country rose 8% in 2010, according to fDi Intelligence magazine.

 

South Africa, which was ranked second overall, was in the top three for Economic Potential, Infrastructure, Human Resources, Business Friendliness and FDI Strategy. However, despite seeing a 13% drop in FDI projects in 2010 it was the most popular country for FDI in Africa between January and May 2011.

 

The Top-10 African, led byMorocco, includes Egypt(4th), Ghana(5th), Seychelles(6th), Tunisia(7th),Namibia(8th), Ethiopia(9th) and Kenya(10th).

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