Morocco Numeric Fund lowers investment size and targets the diaspora

The institutional vehicle under the management of MITC Capital has changed its strategy and is now also targeting Moroccan companies with a presence abroad.

07/02/2023 at 17h01, by Africa Business+

“An investment in a Moroccan start-up in the diaspora is being finalised,” Omar El HyaniMITC Capital‘s investment director in charge of the Maroc Numeric Fund II, told Africa Business+. However, he did not disclose a precise amount or the preferred area for this investment outside Morocco.

Recommended articles

Private Equity

17/09/2022 at 08h43, by Africa Business+

“Three to four exits to be announced in late 2022 or early 2023” (Maroc Numeric)

Maroc Numeric Fund II details its investment pace for the last quarter.

Bank & Insurance

26/08/2022 at 16h55, by Africa Business+

TerraPay prepares a new round of financing after attracting Partech and Prime Ventures

The fintech specialising in money transfers wants to continue its expansion in emerging markets.

New technologies

15/09/2021 at 17h12, by Africa Business+

Paratus looking for new digital infrastructure markets in West Africa

From Windhoek, the group is pushing ahead with several technologies. Before looking further afield,...

Telecoms

16/08/2021 at 08h45, by Africa Business+

Africa’s Top 50 Digital Personalities

Accelerated, thanks to the pandemic, the current technological revolution brings together an increasingly...

Any questions ? contact us

Please get in touch with the Africa Business+ team if you require any further information.

Email us : customer.care@africabusinessplus.com