Several investment funds focus on tech companies, ranking fifth on the continent in terms of deals and aiming for third place. Casablanca Finance City (CFC)More than 10 public and private investment funds have been created in recent years to support startups. In StartupBlink's Global Startup Ecosystem Report (GSER), Morocco has improved its ranking to 34th, indicating significant growth in its startup ecosystem. The fund plans to invest 50 million dollars over the next few years, up from the current 7 million dollars it closed with last year. In addition, companies based in Morocco are expected to grow by 15% by 2024, increasing their total revenues by an estimated 200 million dollars.

Source: The North Africa Journal June 23, 2024 07:11 UTC