#Mohammed #Fund #investment #startup #financing #mechanism #launched
Preparing for the launch of this instrument was also at the center of the third meeting of the Strategy and Investment Committee of the Mohammed 6 Investment Fund, which was held recently in Rabat under the chairmanship of Mohcine Jazouli. “This upcoming launch will mark a new stage in the operationalization of the Fund,” underlined the minister responsible for investment, convergence and the evaluation of public policies.
The objective of this instrument is to stimulate entrepreneurship and the seed capital and venture capital industry for start-ups in Morocco. It must be said that Morocco is still far from the mark in terms of financing young innovative companies. According to figures from the annual report “Africa: the Big Deal” cited by Today Moroccothe Kingdom only attracted $17 million in 2023, or barely 0.4% of the total funding sent to start-ups in Africa, far behind Kenya (800 million dollars), Egypt (640 million dollars), or even South Africa (600 million dirhams).
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