Morocco’s Al Mada launches $110M pan-African startup investment fund

Morocco’s Al Mada Holding Group has launched a US$110 million pan-African venture capital fund to invest in fast-growing startups across the continent. Al Mada, an investment holding company controlled by the Moroccan royal family, is one of the largest private investment funds in Africa, and its new fund aims to attract innovative investors and take part in the exponentially growing African startup landscape.