World Bank praises Morocco’s start-up financing
By the AFREEQUE newsroom, based on Lavieeco
Morocco has raised the share of equity investment allocated to start-ups to 6% after structuring its venture capital market. The public InnovInvest scheme, launched in 2016 with $50 million from the World Bank, helped attract private investors, according to the multilateral institution cited by Lavieeco.
The World Bank has praised the transformation of start-up financing in Morocco, where public interventions carried out over the past decade have helped structure one of the region’s most developed financing ecosystems, according to an analysis article published on Monday by the World Bank Group.
Ten years ago, only 6% of equity investments went to start-up companies. The Bretton Woods institution attributes the market’s development to a succession of public interventions that encouraged the mobilisation of private capital in Morocco.
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Summary produced with the help of artificial intelligence tools, under AFREEQUE’s editorial responsibility.
