Challenges include security issues in some parts of the country and foreign currency shortage, suspension from AGOA, COVID-19 pandemic, and the Russia-Ukraine conflict were indicated to have affected the investment performance.

Canal Sugar Company announced Tuesday the start of the official operations of the largest sugar production plant in the world, with investments amounting to about $400 million.

The open-pit and underground mining operation in southwestern Ghana produced 154,668 gold-equivalent ounces in 2021, compared to 166,590 in 2020 and is located immediately south of Asante Gold’s Bibiani gold mine. The government of Ghana holds a 10% interest.

The Fraser Institute’s 2021 annual survey of mining companies ranked 84 mining investment destinations around the world, in a study published last week.

Morocco has spent MAD 307 million ($ 31.3 million) on a special program aimed at supporting transport professionals across the country.

The first Ethiopian owned private industry park, Hawassa Textile and Industrial Park S.C, targets to accomplish the new facility within a year’s time despite price hikes and construction input shortage delays to the project.

Chinese Citic Dicastal Group has launched construction on its third aluminum manufacturing unit in the Atlantic Free Zone of Kenitra (AFZ) with a budget of MAD 1.8 billion ($192 million).

Budget of new investments of public sector oil companies in Egypt reaches LE 30 billion in 2022/2023 budget for the first time, Minister of Petroleum Tarek el-Molla stated. Molla noted that this comes within the framework of the ongoing development of these petroleum edifices.

Morocco's investment rate is among the highest in the world, representing 30% of the country's GDP, whereas the world average is 20%, announced Mohcine Jazouli, Minister Delegate in charge of Investment, Convergence, and Evaluation of Public Policies.