Morocco’s startup ecosystem is emerging as an economic force, according to US channel CNN which devoted an exhaustive media coverage to the city of Casablanca, Morocco’s economic capital.
“As the country’s economic center, Casablanca is attracting entrepreneurs from all over the continent,” said CNN in the coverage aired as part of its weekly program “Inside Africa”.
The American news channel highlighted many examples of young Moroccan entrepreneurs, including the founder and CEO of the Startup Factory, Mehdi Alaoui and the CEO of Atlan Space, Badr Idrissi.
“These Moroccan innovators are leveraging tech, newfound accessibility and each other to shape their own destinies while developing solutions that push Africa forward,” it said.
“The proliferation of hackathon, bootcamps, collaborative spaces, university programs and government initiatives help new companies to get noticed, and finance and launch their projects,” said the US media, citing in particular the example of young entrepreneur Khaoula Tanfioui who, at only 23 years, launched Bots Factory, a company that uses artificial intelligence to create “chat bots”, a software that produces automatic conversations through messaging platforms.
“Although there is still room for improvement, the promise that Morocco offers to entrepreneurs attracts the attention of some of its neighbors,” said the American channel, which also highlighted Casablanca Finance City, “a financial and business center that was created ten years ago with the aim of serving as a hub for multinationals, the first of its kind in Africa”.
The CFC First Tower attracts foreign and local investors who want to conquer the rest of Africa as well as new startups which “seek to disrupt industries and find solutions to society’s problems,” noted “Inside Africa”.
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