In Morocco, a MAD1.1 billion venture capital fund has been set up to support pan-African start-ups.

As well as investing directly into start-ups, the fund will be used to attract other investment. Operated by the Al Mada holding group, one of the largest private investment funds on the continent, the fund’s goal is to support the development of technology-oriented start-ups in the fields of financial services, health tech, logistics, education and renewable energy.

Morocco World News reports that the fund will focus on start-ups that have already reached a certain level of maturity, and give them access to the group’s network of partners.

5 April 2022
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