Lorem ipsum proin gravida nibh vel velit auctor aliquetenean idelit sollicitudin, lorem quis bibendum auci elit consequat ipsutis sem.
1-677-124-44227

info@yourbusiness.com

184 Main Collins Street | West victoria 8007

Follow us On Instagram

Lorem ipsum proin gravida nibh vel velit auctor alique tenean sollicitudin, lorem quis.
Top

Morocco Tag

Aerial Vehicle Startup Atlan Space Raises US$1M Series A Funding To Expand Its Business

MOROCCO – Atlan Space, a startup which enables networks of aerial vehicles, has raised US$1.1 million (MAD 10 million) for its Series A funding round from Maroc Numeric Fund II, with participation from Hilmi Law Firm and Cadex Group, to enable it to expand its business. The aerial vehicles (such as drones, etc.) are guided by artificial intelligence (AI) to scan large marine areas for environment threats. Launched in 2016 by Younes Moumen and Badr Idrissi, ATLAN Space enables unmanned aerial vehicles (UAVs) to carry out tracking missions with complete autonomy. Through its technology, the platform helps governments and institutions fight environmental crime and assist vulnerable populations. Read also: Winners Of The 2020 MTN Business App Of The Year...

Morocco Intensifies Shift Towards Renewable Energy As Total Investments Exceed US$5.6B

MOROCCO – The Kingdom of Morocco has intensified its efforts to up the share of renewable energy in electricity generation through increased investments in the sector over the past 10 years. According to Morocco’s Minister of Energy Aziz Rabbah, the North African country’s investments in the field of renewable energy has exceeded MAD 52 billion ($5.65 billion). The minister said that Morocco was committed to invest a similar amount in the sector in future to fully exploit the potential of renewable energy in the country. Read also: Government Launches A $343m Credit Guarantee Scheme For Businesses A few years ago, Morocco imported about 90% of its energy needs. In 2014, the...

Morocco’s Central Guarantee Fund (CCG) Sets Up Exceptional Additional Financing In Support Of Startups

In order to assist startups in this difficult time, the Caisse Centrale de Garantie (CCG), which manages the Innov Invest fund, has set up exceptional additional financing for the benefit of startups.  Here Is What You Need To Know This exceptional device by CCG should notably benefit startups that have received financing under the Innov Invest fund and are unable to obtain bank loans.It should be noted that startups eligible for this funding must be active and have order books, materialized by contracts concluded.  It should be noted further that this funding is in the form of an honor loan that can be distributed by support structures labeled category 2...

South-Africa- Morocco : PIC invests USD 50 million in Aradei Capital

The Public Investment Corporation (PIC), on behalf of its client, the Government Employees Pension Fund (GEPF) of South Africa, has acquired a 13% stake in Aradei Capital for USD 50 million. Aradei Capital is a real estate platform headquartered in Morocco that specializes in commercial real estate assets. It has a presence in 15 cities across Morocco. Through this investment, the PIC joins other reputable investors in Aradei Capital that include the European Bank for Reconstruction and Development (EBRD), Label’Vie (LBV), a leading food retailer and franchisee of the Carrefour brand in Morocco, SANAM Holding and Best Financière which has interests in large and medium retail...

Morocco Launches Exceptional Support Program for Artists, Authors

The Kingdom of Morocco has highlighted the importance of arts and culture as a vehicle not only for national reorientation and foreign policy projection but also to encourage young talents. This was made known by the Moroccoan Minister of Culture, Youth, and Sports, Othman El Ferdaous, who announced the launch of an exceptional program to support cultural actors from the worlds of art and books amid the socio-economic crisis due to COVID-19. El Ferdaous detailed the ministry’s decision on his social networks, including Facebook and LinkedIn. The minister said his department is aware of the national contributions of creators such as artists and writers and their efforts to...

Morocco invests €5mln to build a bridge on the Rabat-Casablanca highway

The government of Morocco is constructing a bridge linking the city of Temara to the Rabat-Casablanca highway. The investment of MAD50 million (€4.6 million) is aimed at improving traffic flow on this 86 km corridor, which has a high traffic volume of 65,000 vehicles per day, with peaks of 85,000. Work started since September 2019 and is expected to be completed by the end of this year, according to Abdelkader Amara, the Minister of Transport. Next article: Tabby, the UAE’s first Buy Now, Pay Later solution secures $7M in funding According to Mohammed Karim Al Imam, director of the Autoroutes du Maroc (ADM) development project, this bridge will...

Azur Partners Launches A $35m Innovation Fund To Invest In Morroccan Startups

Azur Innovation Management, a subsidiary of Azur Partners has launched a $35 million Innovation Fund to invest in Moroccan startups. The public-private fund targets Moroccan companies with less than 18 months of activity, “having a proven innovative product / service concept with successful marketing” The facts The Azur Innovation Fund initially endowed with $20 million with contributions from Central Guarantee Fund (CCG), its first investor, AfDB, CIH Bank, Bank Of Africa and MASEN, was raised to $35 million as a result of the Development Fund of the Dutch Government (DFDG), the German development bank KFW and Saham Assurances joining during the first closing of the fund on March 11th,...

CDG Invest Pours About $1.7 Million Into Seven Moroccan Startups In The First Edition Of 212 Founders

It’s definitely a breath of fresh air. In this period of health crisis where startups are struggling to survive, CDG Invest, the investment branch of Groupe Caisse de Dépôt et de Gestion (CDG), has decided to grant seven financing agreements to date for the benefit of seven startups in the first edition of the 212 Founders program. Launched in September 2019,CDG Invest’s 212 Founders is a support and financing program aimed at developing world-class startups from Morocco. About twenty startups out of nearly a thousand applicants were selected to participate in the program, after a demanding application process, with funding ranging from of 1 to 3 million dirhams...

DGGF Investing in the entrepreneurial ecosystem of Morocco

On 13 March 2020, the Netherlands Embassy in Morocco, in partnership with the Moroccan Center for Innovation and Social Entrepreneurship (MCISE), closed the 2nd edition of the Orange Corners Morocco programme with the award ceremony of the Orange Corners Innovation Fund (OCIF) to the 5 most innovative startups. On this occasion the Azur Innovation Fund (AIF) was launched – an investee of the Dutch Good Growth Fund investing in innovative high-impact start-ups. Furthermore, the results of the Tidjani “Closing the Gap” study were presented. This study focuses on the "missing middle" in the entrepreneurial ecosystem in Morocco. Orange Corners Morocco Orange Corners Morocco is an incubation programme for...

European Development Bank to Boost Moroccan Olive Sector with €5 Million Loan

Companies under the umbrella of Al Dahra Holding in Morocco, Al Dahra Morocco Factories (ADFAC), and Al Dahra Morocco (ADMO) will benefit from the loan. With the BERD investment, the companies intend to build a new olive oil factory in the Fez-Meknes region.  Read more from source article: https://www.moroccoworldnews.com/2020/04/298269/european-development-bank-to-boost-moroccan-olive-sector-with-e5-million-loan/ Click here to subscribe for GetFundedAfrica Newsletters: https://getfundedafrica.com/pricing-plans/ ...

Select your currency