馃嚥馃嚘MoroccoNorth Africa
Nine companies selected to manage future investment funds for Moroccan startups
via Le Matin1 min read
Nine management companies have been pre-selected to oversee funds aimed at financing Moroccan startups with international ambitions. This announcement was made on April 8 in Marrakech during GITEX Africa Morocco 2026. The initiative is part of a call for expressions of interest launched by the Mohammed VI Fund for Investment, in partnership with the Ministry of Digital Transition and Administrative Reform and the Caisse de D茅p么t et de Gestion. The goal is to foster a structured venture capital industry in Morocco, which is still in its developmental stages. The cumulative target size for these funds is estimated at nearly 2.5 billion dirhams, comprising public contributions and private, local, and foreign investments that the management companies are tasked with mobilizing. These funds will support startups through all development phases, from pre-seed to more advanced fundraising rounds, and will target strategic sectors such as fintech, agritech, edtech, healthtech, and climatetech. The selection process involved 47 applications, reviewed and interviewed by partner institutions with the support of national and international experts. The chosen companies represent diverse profiles, including national and international players, and a mixed consortium. Additionally, these funds will benefit from a specific support mechanism operated by TAMWILCOM, which includes first-loss coverage to enhance investment attractiveness. This initiative seeks to build a more competitive startup e
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Mr. Akhannouch, representing King Mohammed VI, offered condolences to the Emir of Qatar, His Highness Sheikh Tamim Bin Hamad Al-Thani, following the death of his father, His Highness Sheikh Hamad Bin Khalifa Al-Thani. During an audience at Lusail Palace, Mr. Akhannouch delivered a message of condolences and sympathy from the King. The Emir of Qatar expressed gratitude to King Mohammed VI and highlighted the strong personal ties and solid relations between Qatar and Morocco. The Moroccan delegation included the Minister of Foreign Affairs, African Cooperation and Moroccan Expatriates, Mr. Nasser Bourita, and His Majesty the King's Ambassador to Qatar, Mr. Mohamed Setri. In his message, King Mohammed VI conveyed his deep sorrow over the loss and extended his sincerest condolences to His Highness, the princely family, and the Qatari people.
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The 14th congress of the Istiqlalian Youth, held under the theme "Empowerment now, towards a new social contract," focused on redefining the role, achievements, and limitations of the Istiqlal Youth organization. Nizar Baraka, Secretary General of the Istiqlal Party, urged the organization to critically assess its journey and adapt to societal changes. A national survey initiated on January 11, 2025, involving over 15,000 young people, revealed a disconnect between youth and political parties. Baraka emphasized the importance of youth engagement, stating, "We do not want a youth that remains a spectator of what is happening around it. We want a youth conscious of its responsibility towards the homeland, convinced that it can change the realities it experiences in its country." The survey results informed a roadmap for the party, prioritizing access to employment, healthcare, education, training, reducing regional inequalities, developing digital and AI skills, supporting youth initiatives, and increasing youth participation in public decision-making. Baraka highlighted that Moroccan youth possess competence, patriotism, and ambition, requiring genuine opportunities to contribute. He advocated for political and institutional action as the sole path to change, urging youth to engage with parties, institutions, and public decision-making bodies. Beyond youth issues, Baraka outlined five commitments adopted by the national council: protecting family and Moroccan values, defending