Morocco’s Al Mada Announces $110m pan-African startup investment fund
Al Mada Holding Group of Morocco announced earlier this week the establishment of a pan-African venture capital fund to invest in the continent’s fast-growing startups. With a budget of MAD1.1 billion (€100 million), the Al Mada-backed venture fund aims to attract innovative investors and participate in the rapidly developing African startup ecosystem, according to converging…