IBOV 188,268.59 ▲ 1.42% IPSA 11,300.24 ▼ 0.62% IPC MEX 64,479.96 ▼ 0.52% MERVAL 3,142,643 ▲ 1.04% COLCAP 2,600.18 ▲ 0.63% BVL PERÚ 60,702.89 ▼ 2.17% USD/BRL5.10▼ 0.08% USD/MXN16.99▲ 0.58% USD/CLP940.57▲ 1.39% USD/COP3,081▼ 1.14% USD/PEN3.35▼ 0.13% USD/ARS1,513▼ 0.08% USD/UYU40.24▲ 3.05% USD/PYG5,868▲ 2.26% USD/BOB12.36▲ 1.91% USD/DOP58.60▲ 0.17% USD/CRC447.58▲ 1.69% USD/GTQ7.63▲ 3.04% USD/HNL26.85▲ 0.57% USD/NIO36.62▲ 0.34% USD/VES825.67▼ 0.13% USD/PAB1.00— 0.00% USD/BZD2.00— 0.00% USD/JMD 157.28 — 0.00% USD/TTD6.73▲ 2.40% EUR/BRL5.93▲ 0.38% BRENT 88.88 ▼ 0.03% WTI 83.11 ▼ 0.11% IRON ORE 161.91 — — COPPER 6.61 ▲ 0.03% GOLD 4,461 ▲ 1.78% SILVER 65.59 ▲ 1.26% SOY 1,184 ▲ 3.20% CORN 480.50 ▲ 10.02% WHEAT 655.00 ▲ 3.93% COFFEE 317.25 ▼ 5.51% SUGAR 16.43 ▼ 1.79% ORANGE JUICE 138.55 ▼ 0.47% COTTON 85.03 ▲ 2.33% COCOA 5,719 ▲ 3.18% BEEF 223.60 ▼ 3.93% CATTLE 339.10 ▼ 3.16% LITHIUM 75.20 ▲ 1.47% PETR4 41.64 ▼ 0.05% VALE3 72.97 ▲ 0.83% ITUB4 38.60 ▼ 1.03% BBDC4 16.85 ▲ 0.36% ABEV3 14.89 ▼ 0.80% BBAS3 19.37 ▲ 0.47% B3SA3 14.26 ▼ 0.21% WEGE3 47.59 ▲ 0.49% PRIO3 59.14 ▼ 0.19% SUZB3 41.33 ▲ 2.35% RENT3 34.68 ▼ 0.09% AZZA3 15.89 ▼ 2.63% CSAN3 3.22 ▼ 1.83% RAIZ4 0.25 — 0.00% PCAR3 2.75 ▼ 0.36% GMAT3 3.65 ▼ 1.08% PSSA3 48.13 ▼ 0.54% CVCB3 1.33 ▼ 2.92% POSI3 3.36 ▲ 2.44% SLCE3 13.34 ▲ 0.30% NATU3 8.14 ▼ 0.73% IBOV 188,268.59 ▲ 1.42% IPSA 11,300.24 ▼ 0.62% IPC MEX 64,479.96 ▼ 0.52% MERVAL 3,142,643 ▲ 1.04% COLCAP 2,600.18 ▲ 0.63% BVL PERÚ 60,702.89 ▼ 2.17% USD/BRL 5.16 ▲ 0.01% USD/MXN 17.06 ▼ 0.24% USD/CLP 913.98 ▲ 0.04% USD/COP 3,140 ▲ 0.03% USD/PEN 3.36 ▼ 0.66% USD/ARS 1,493 ▲ 0.10% USD/UYU 40.27 ▲ 1.24% USD/PYG 5,939 ▲ 1.68% USD/BOB 11.64 ▼ 0.76% USD/DOP 58.34 ▲ 1.25% USD/CRC 445.92 ▲ 0.89% USD/GTQ 7.62 ▲ 2.21% USD/HNL 26.79 ▲ 1.57% USD/NIO 36.62 ▲ 0.69% USD/VES 762.44 ▼ 0.13% USD/PAB 1.00 — 0.00% USD/BZD 2.00 — 0.00% USD/JMD 157.28 — 0.00% USD/TTD 6.70 ▲ 0.61% EUR/BRL 5.95 ▲ 1.01% BRENT 88.88 ▼ 0.03% WTI 83.11 ▼ 0.11% IRON ORE 161.91 — — COPPER 6.61 ▲ 0.03% GOLD 4,461 ▲ 1.78% SILVER 65.59 ▲ 1.26% SOY 1,184 ▲ 3.20% CORN 480.50 ▲ 10.02% WHEAT 655.00 ▲ 3.93% COFFEE 317.25 ▼ 5.51% SUGAR 16.43 ▼ 1.79% ORANGE JUICE 138.55 ▼ 0.47% COTTON 85.03 ▲ 2.33% COCOA 5,719 ▲ 3.18% BEEF 223.60 ▼ 3.93% CATTLE 339.10 ▼ 3.16% LITHIUM 75.20 ▲ 1.47% PETR4 41.64 ▼ 0.05% VALE3 72.97 ▲ 0.83% ITUB4 38.60 ▼ 1.03% BBDC4 16.85 ▲ 0.36% ABEV3 14.89 ▼ 0.80% BBAS3 19.37 ▲ 0.47% B3SA3 14.26 ▼ 0.21% WEGE3 47.59 ▲ 0.49% PRIO3 59.14 ▼ 0.19% SUZB3 41.33 ▲ 2.35% RENT3 34.68 ▼ 0.09% AZZA3 15.89 ▼ 2.63% CSAN3 3.22 ▼ 1.83% RAIZ4 0.25 — 0.00% PCAR3 2.75 ▼ 0.36% GMAT3 3.65 ▼ 1.08% PSSA3 48.13 ▼ 0.54% CVCB3 1.33 ▼ 2.92% POSI3 3.36 ▲ 2.44% SLCE3 13.34 ▲ 0.30% NATU3 8.14 ▼ 0.73%
since 2009
Thursday, September 10, 2026

Africa Morocco

Mauritius Leads, Morocco Follows in African Innovation

By · October 2, 2024 · 2 min read

Africa Intelligence

One email, every weekday morning. African markets, politics and business — filed from our newsroom in Rio.

Yesterday’s subject line: “Nigeria's Dangote signs for Africa's biggest IPO ever”

Free. We send a confirmation link first — nothing arrives until you click it. Unsubscribe with one click in any edition. If you stop opening us for 30 days we stop sending by ourselves, as we assume the interest is no longer there. See our privacy policy. We never share your email.

The Global Innovation Index 2024 has unveiled a new landscape of innovation across Africa. Morocco has emerged as a standout performer, claiming the second spot among African nations.

This achievement marks a significant leap for the North African country in its innovation journey. Morocco now ranks 66th globally, a testament to its focused efforts in fostering innovation.

The country has climbed four places since last year, showcasing its commitment to progress. This advancement stems from strategic public policies aimed at bolstering the innovation ecosystem.

Mauritius continues to lead the African innovation race, securing the 55th position worldwide. The island nation has long prioritized innovation through smart regulatory frameworks and substantial investments.

Its consistent performance underscores the effectiveness of its long-term innovation strategy. The index highlights the strides made by several African economies despite facing numerous challenges.

Mauritius Leads, Morocco Follows in African Innovation
Mauritius Leads, Morocco Follows in African Innovation.
One-stop reference
Company Intelligence
Every listed company in Latin America — financials, ownership and structure for 1,450+ companies across 26 exchanges, in one place.
Browse the directory →
RT
Ask Rio Times
17 years of Latin America reporting, on demand.
Open the full Ask Rio Times →

South Africa, Botswana, and Senegal have also shown notable improvements in their innovation landscapes. These countries demonstrate Africa’s growing potential in the global innovation arena.

A Model for Africa’s Growth

Morocco’s success story stands out for its practical approach to innovation. The country has effectively transformed investments into tangible outcomes.

It has strengthened its telecommunications infrastructure and attracted investments in cutting-edge sectors like renewable energy and technology.

However, innovation in Africa still faces significant hurdles. Insufficient funding and uneven technology adoption remain persistent issues across the continent.

Many African nations struggle with low R&D investment and limited business spending on innovation. Despite these challenges, Morocco and Mauritius prove that innovation can thrive in constrained environments.

In addition, their success offers hope and inspiration to other African nations. It shows that targeted efforts and strategic planning can yield substantial results in innovation rankings.

The global innovation landscape continues to evolve, with Switzerland, Sweden, and the United States leading the pack.

Meanwhile, countries like China, Turkey, and India are rapidly climbing the innovation ladder. This global context adds significance to Africa’s progress in innovation.

Morocco’s rise in the innovation rankings carries broader implications for Africa’s future. It signals a shift in the continent’s capabilities and potential.

As more African countries outperform expectations, a new wave of optimism sweeps across the innovation landscape. This year’s Global Innovation Index paints a picture of Africa’s growing innovative prowess.

It highlights the continent’s potential to compete on the global stage. Morocco’s success story serves as a beacon, lighting the path for other African nations to follow.

This article was produced by The Rio Times’ automated newsroom system. How we use AI · Report an error

Part of our ongoing coverage

Africa: The New Scramble — the great-power contest over the continent.

More from Northern Africa

Read More from The Rio Times

The Rio Times · Power Map
See who really holds power in Latin America
Click to open the Power Map

Rotate for Best Experience

This report is optimized for landscape viewing. Rotate your phone for the full experience.