Africa is still considered a cash economy, with less than 10% of financial transactions performed electronically in 2021, per McKinsey report. This is because, despite having a population of approximately
BMCE Capital Investment, a subsidiary of the BMCE Capital Group, has announced the launch of its first venture capital fund worth $4.5 million (MAD 50 million) dedicated to financing
Morocco, officially known as the Kingdom of Morocco, is North Africa’s northernmost Maghreb country. The country’s GDP is $112 billion, ranking it fifth in Africa after Nigeria, South
Haat, an Israeli food delivery app, has expanded into Morocco as it seeks to expand into the Middle East and North African markets. The food delivery App hopes to serve
Massinart.ma, a Moroccan decorative paintings startup has integrated augmented reality technologies into its customer experience strategy. This makes the startup the first Moroccan startup to invest in the field
Aza Petrosolutions, a Moroccan startup (formerly known as Aza Petroleum) has secured $296,000 funding from Maroc Numeric Fund II. The startup will utilize the funds to scale its offerings
Morocco’s digital ticketing platform, Guichet.com, has secured 3 million MAD (about $306,348) to accelerate growth, begin new investments, and expand into other African markets.
The equity investment
Freterium, a Morocco-based startup that digitalizes freight trucking through its software, has raised a $4 million seed round to expand across the country and the Middle East and North African
To position itself as a hub for digital innovation in North Africa, the Moroccan government has launched MoroccoTech, a digital hub for techies in Morocco.
The hub was launched by
