Morocco today stands out as a preferred destination for mining investments in Africa, with world-class geological potential and a determined commitment to sustainably valorize its resources.
A Prestigious Continental Rank
Morocco has just secured first place in Africa in terms of mining attractiveness according to the 2024 Fraser Institute report, a major Canadian think tank. The Kingdom is also ranked 18th worldwide among 82 evaluated mining jurisdictions, ahead of countries such as Botswana, Namibia, and Zambia. This recognition confirms its key role and significant influence in the mining sector across the African continent.
Morocco’s Strengths in Mining Attractiveness
This success is not by chance. Morocco combines:
- Rare political stability on the continent.
- A regulatory framework that is continuously improving, notably with the revision of the Mining Code for greater transparency and efficiency in permit allocation.
- Exceptional geological potential ranked 11th worldwide and first in Africa, with rich resources ranging from phosphate to strategic metals essential for the energy transition.
- Strong infrastructure, such as the Tanger Med port, facilitating exports to Europe and Africa.
- An ambitious national strategy embodied by the Morocco Mines Plan 2021-2030 aimed at modernizing the mining value chain and promoting sustainable development in the sector.
Sustained Investment Dynamics
The favorable business climate is also supported by an attractive legislative and fiscal environment, with tax exemptions and strong public support for mining projects. The digitization of geological data by the National Office of Hydrocarbons and Mines (ONHYM) facilitates prospecting for foreign companies and investors.
International investors recognize Morocco as a safe and promising ground, which strengthens the Kingdom’s attractiveness amid growing continental competition.
Challenges and Perspectives
Despite this leadership position, the Fraser Institute report highlights concerns regarding certain political and regulatory aspects. To maintain and enhance this leadership, Morocco must improve predictability, stability, transparency, and governance efficiency in the mining sector.
