Startups: Morocco ranked 5th in Africa in 2024
$2.2 billion raised
vs $2.9 MM en 2023 (-25%)
$70 million raised by Moroccan startups
vs 17 M$ and 2023 (+311%)
African Top 10
Kenya (638 M$)
Nigeria (410 M$)
Egypt ($400 million)
South Africa ($394 million)
Morocco ($70 million)
Ghana (68 M$)
Tanzania ($53 million)
Benin (US$50)
Ivory Coast ($33 million)
Senegal ($22 million)
By regions
East Africa ($725 million)
West Africa ($587 million)
North Africa ($478 million)
Southern Africa ($397 million)
Central Africa ($5 million)
3 sectors attracted 80% of funding
Fintech : +1 MM$ (47%)
-Energy: $440 million (20%)
Transport and logistics: $288 million (13%)
32% of funds intended for “Climate Tech”
10 startups captured 51% of funding
Overnight (Morocco)
Tyme (South Africa)
Mnt-Halan (Egypt)
Moniepoint (Nigeria)
Basigo (Kenya)
Spiro (Ben)
D.Light (Kenya)
Moove (Nigeria)
SunKing (Kenya)
M-Kopa (Kenya)
A slowdown since mid-2022
2019 : 1,4 MM$
2020 : 1,1 MM$
2021 : 4,3 MM$
2022 : 4,6 MM$
2023 : 2,9 MM$
2024 : 2,2 MM$
Morocco
