Saturday, November 23African Digital Business Magazine

Morocco News

Morocco News

We need to solve the complex equation of energy transition and grid reliability, says Wärtsilä
Energy, Morocco News

We need to solve the complex equation of energy transition and grid reliability, says Wärtsilä

Behind the necessary ramp-up of renewable energies, the challenge of integrating them into the power grid occupied centre stage at the North & West Africa Energy Transition Forum. According to Wärtsilä Energy, a leading power plant manufacturer and energy systems integrator in Africa, there are multiple constraints to be taken into account in order to increase the share of renewables while guaranteeing more reliable power production. To solve this complex equation, the issues of making the energy system more flexible, anticipating technological developments, and financing must be addressed effectively. These were the key issues discussed at the 2024 North and West Africa Energy Transition Forum in Rabat, which brought together the major public and private players in the energy sector ...
Five Reasons Morocco Should Be Top Of Your Travel Bucket List
Africa Travel, Morocco News

Five Reasons Morocco Should Be Top Of Your Travel Bucket List

Morocco is fast becoming a sought-after destination on the continent. This diverse country, with its blend of ancient traditions and modern allure, offers travellers distinct experiences in its major cities, making it immensely popular. From diverse landscapes and desert adventures to vibrant souks, hammams and historical sights, Morocco has it all. While reaching this North African gem from South Africa can be a bit tricky, Air France provides the quickest, most convenient, and one of the most affordable routes with a brief stop in Paris. As Morocco gains popularity among tourists, the airline highlights five reasons why it should be a top choice for any traveller’s bucket list. Unique Charm of Major Towns Morocco is a melting pot of African, Berber, Arab, and French influences, crea...
Egypt News, Energy, Ghana News, Kenya News, Morocco News, Namibia News, Nigeria News, South Africa News, Tanzania News, Uganda News

Africa: Energy transition policies and regulatory developments light up across the continent

Across the continent, countries in Africa are gearing up for the energy transition by implementing policy and legislative frameworks that take into account the energy crisis and the need for a renewable, decarbonized, decentralized energy supply that addresses climate change and the commitments made under the Paris Agreement. Ahead of the United Nations Climate Change Conference, COP 27, in Egypt in November this year, lawyers in Egypt, Ghana, Kenya, Morocco, Namibia, Nigeria, South Africa, Tanzania and Uganda have outlined the efforts taken by the governments in their countries to address this urgent need to harness renewable power. Such efforts are expected to provide exciting opportunities for investors in the African energy sector. Egypt Lamyaa Gadelhak, Baker McKenzie Cairo Partner ...
MaxAB raises $40 million from Silver Lake, BII, and DisruptAD to support company growth and regional expansion
Egypt News, Morocco News, Startups

MaxAB raises $40 million from Silver Lake, BII, and DisruptAD to support company growth and regional expansion

MaxAB, an e-commerce and distribution platform for food and grocery items, has announced the close of a $40 million pre-series B equity round to finance its expansion into the Middle East, North Africa and Pakistan region. New investors in this round include Silver Lake, British International Investment and DisruptAD, along with existing investors Beco Capital, 4DX Ventures and Africa Platform Capital. MaxAB is working to change the food and grocery supply chain by connecting suppliers with traditional retailers who are underserved, and by offering a variety of embedded finance solutions. This support of the country's economic development has been successful since launching in 2018, with 150,000 unique traditional retailer orders being placed and 2.5 million orders delivered (with a high ...
Africa hotel development: It’s Egypt, Morocco, Accor & Marriott
Africa Travel, Egypt News, Morocco News

Africa hotel development: It’s Egypt, Morocco, Accor & Marriott

Just four words are needed to sum up the main findings of this year’s African hotel chain development pipeline survey conducted by W Hospitality Group, in association with the Africa Hospitality Investment Forum (AHIF); those words are Egypt, Morocco, Accor and Marriott. This year’s annual survey, which is widely acknowledged as the industry’s most authoritative source, has, as of Q1 2022, a record 42 global and regional (African) contributors, reporting on a pipeline of hotel development activity totalling around 80,300 rooms in 447 hotels, in 42 of Africa’s 54 countries. Looking first at the number of rooms physically under construction, Morocco and Egypt are ahead of the pack, with 5,577 and 6,142 rooms respectively. They are followed by: Ethiopia, 3,871; Cape Verde, 3,016; Nigeria, 2...
Egypt News, Ghana News, Main, Morocco News, South Africa News

Africa is leapfrogging into the future of retail

The bi-annual Global Retail Development Index (GRDI), which is a study of the global retailing landscape has revealed Africa is poised to move away from traditional retail models and become the fastest-growing, richest, and most sophisticated market in the world. Prashaen Reddy, a partner at management consulting firm Kearney says that this is thanks to the explosive growth of young, urban, and digitally savvy consumers; increasing mobile phone penetration; the creation of digital payment and shopping networks; favorable governmental regulations and spending initiatives; and significant investment by both foreign and domestic companies. In the most stable times, retailers expanding their global footprint face a series of difficult decisions. Yet in the wake of COVID-19, together, these f...
Morocco News, Startups

Draper Startup House expands to Africa with a new location in Morocco

Casablanca, Morocco, 1st November 2021. — Draper Startup House has opened its first location in Morocco, partnering with KOWORK Anfa Place in Casablanca. With the launch, Draper Startup House expands its presence into Africa in a year when tech startups in the continent raised a record-breaking $1.1 billion through the first eight months of the year. With Google’s recent announcement to invest $1 billion in African tech startups over the next five years, and with North African startups like Chari.ai proving it can raise multimillion-dollar seed rounds from global investors, Draper Startup House recognizes an opportunity to support founders and entrepreneurs in continental Africa as they continue to innovate and build technological solutions at an accelerating pace. Draper Startup House Mo...
Africa Travel, Morocco News

Hospitality Investment Leaders meet at Morocco Tourism Investment Day at Expo Dubai 2020

On Monday, 11 October, the Moroccan Agency for Tourism Development (SMIT) hosted the Morocco Tourism Investment Day as part of Morocco: Global Investment Hub Week, which took place at the Morocco Pavilion at Expo Dubai 2020, in partnership with Bench, the organiser of the Africa Hotel Investment Forum (AHIF), which is the premier hotel investment conference in Africa. Imad Barrakad, CEO of the Moroccan Agency for Tourism Development (SMIT) welcomed over 50 senior hospitality investment leaders to the exclusive, invitation-only meeting saying “Morocco is full of tremendous opportunities at the moment especially in destinations in the South and Agadir and now is the perfect time to invest”. Hamid Bentahar, Chairman of the National Confederation of Tourism was interviewed by Laura Buckwel...
Startups. After a new record number of applications for EMERGING Mediterranean, it’s time for the next program highlight: the Bootcamp of the 2 Shores, July 9-11
Algeria News, Libya News, Mauritania, Morocco News, Startups, Tunisia News

Startups. After a new record number of applications for EMERGING Mediterranean, it’s time for the next program highlight: the Bootcamp of the 2 Shores, July 9-11

The 30 shortlisted startups will attend 3 inspiring days Once again, the EMERGING Mediterranean call for applications was an undeniable success with 305 applications, 31% of which were from women, giving an overall increase of 34% compared to 2020. A success revealing a dynamic region, a go-getting youth community and the programme’s strong interest entrepreneurial ecosystems. The next big highlight - the Bootcamp of the 2 Shores - will train 30 startups with coaching sessions and exceptional mentors. At the end of its recent call for applications for high-impact entrepreneurs from the South Shore of the Mediterranean who work in social economy and financial inclusion, mobility, agritech, e-health and climate, EMERGING Mediterranean is pleased to announce the next edition of the Bootcamp ...
African News, Agriculture, Fintech, Libya News, Mauritania, Morocco News, Startups, Tech, Tunisia News

Official launch of the second cycle of EMERGING Mediterranean – the springboard programme for emerging Mediterranean Tech For Good leaders

The call for applications is open to any startup based in Mauritania, Morocco, Algeria, Tunisia or Libya that has been operating for over 18 months in one of the following areas: e-health, climate, mobility, agritech, social economy and financial inclusion. As a result of the work done during the preparatory forums for the Summit of the Two Shores and with the support of the French Development Agency, EMERGING Mediterranean, created by Samir Abdelkrim in 2020, aims to increase the impact of Mediterranean startups that help their societies become more resilient. After the first year of the programme in 2020 underlined a strong demand for support from entrepreneurs in the Mediterranean, EMERGING Mediterranean is launching its second call for applications to identify, accelerate and publicise...