Moroccan Startups Secure $70 Million in 2024, as East Africa Leads Investment Trends Across Africa
- Moroccan startups raised $70 million in 2024.
- Morocco ranks fifth in Africa for startup funding.
- Total funding across Africa was $2.2 billion in 2024.
While the achievement of raising $70 million is commendable for Moroccan startups, the overall decline in funding across Africa raises concerns about the sustainability and growth potential of the startup ecosystem. It is crucial for stakeholders to analyze the underlying factors contributing to this downturn and strategize on revitalizing investment in the region.
