A Danish-Moroccan Partnership Program, Development Market initiative helped 161 small businesses launch in a number of Moroccan cities with incentives totalling 17.5 million MAD, according to Hespress AR.
Cooperatives for agriculture, tourism, handicrafts, renewable energy, and technology are among the companies benefiting from the program.
The Danish-Arab Partnership Program, in collaboration with the Ministry of Economy and Finance, and the African Bank for Development funded the program, which targeted the three regions of Guelmim, Tangier, and Draa-Tafilalt.head
The Development Market offers technical assistance for starting businesses, planning businesses, marketing enterprises, and managing funds.
The program’s beneficiaries were young business owners between the ages of 25 and 35, with 30% of them being women.
The Development Market program was established in 2019 to assist young entrepreneurs by providing ongoing support as they grow their enterprises.
Morocco is one of the founding nations and first partners of The African Development Bank.
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