Start-ups in Africa raised $2.2b in 2024, pushed by mega deals, 25% drop from 2023

Start-ups in Africa cumulatively raised $2.2 billion in equity, debt, and grants (excluding exits) in 2024, and though it is a significant figure in absolute terms, it represents a 25% drop compared to the $2.9 billion that were raised on the continent in 2023, ‘Africa: The Big Deal’ has revealed. According to the funding report […]

Moroccan SMEs Accelerate Decarbonization, Digital Transformation Amid European Carbon Regulations

Nearly 70% of Moroccan small and medium enterprises have initiated decarbonization efforts at varying levels while digitalization progresses at sustained pace, according to a European Investment Bank survey of 150 Moroccan SME leaders conducted within the EU-cofinanced Trade and Competitiveness Programme. The research examines principal obstacles confronting enterprises strengthening competitiveness amid global environments oriented toward […]

Morocco dam filling rate improves to 30.7% on recent rainfall

Torrential rain in different Moroccan regions last week boosted water reservoirs reaching an average of 30.7%, compared with 23% few days ago. While the recent rain is a boon for a drought-hit farming sector, it reached a surplus in some northern dams and mitigated water shortage in other areas. The region of Souss, a key […]