Morocco’s Al Mada launches VC fund

Morocco’s Al Mada Holding Group announced earlier this week the launch of a pan-African venture capital fund to invest in fast-growing start-ups on the continent.

With a budget of MAD1.1 billion ($114 million), the fund aims to attract innovative investors and take part in the exponentially-growing African start-up landscape.

The venture capital fund aims to contribute to the development and emergence of promising technology-oriented start-ups specialising in future industries, including fintech, healthtech, logistics, education, and renewable energy.

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