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Keywords: Funding


Morocco strengthens position as top startup hub in MENA despite funding challenges

Morocco continues to assert itself as one of the leading startup ecosystems in the MENA region, maintaining its top-four position in August 2025, even as regional startup funding saw a significant contraction. According to Wamda, investment across the MENA region dropped sharply by 57%, falling from......

Vanuatu delays $500 million agreement with Australia over Chinese funding concerns

Vanuatu has postponed the signing of a landmark $500 million security and economic agreement with Australia, citing concerns that the deal could limit its ability to secure infrastructure financing from China, its primary external creditor. Political divisions delay agreement finalization Australian......

Veterans reshape Europe's defense tech as record funding fuels innovation

A new wave of innovation is transforming Europe’s defense technology landscape, driven by a generation of former soldiers who are leveraging their military expertise to create multibillion-dollar enterprises. This surge comes as European nations accelerate rearmament efforts following Russia's......

Africa’s strides in women STEM graduates overshadowed by persistent tech gender gaps

Africa leads the world in the percentage of women graduating in science, technology, engineering, and mathematics (STEM), with nearly 47% of graduates being female. However, according to a recent report by McKinsey & Company, this progress is not translating into equitable representation in the continent’s......

Trump administration moves to cut $4.9 billion in foreign aid for 2025

The Trump administration has announced plans to cancel $4.9 billion (MAD 53.9 billion) in U.S. foreign aid for the fiscal year 2025, targeting funds already approved by Congress. This includes significant contributions to the United Nations and its specialized agencies. The White House Office of Management......

Lebanon’s Finance Ministry defends fuel tax before State council

Lebanon’s Finance Minister, Yassine Jaber, has formally submitted a statement to the State Council defending the government’s decision to impose a tax on certain fuels and allocate the revenue to support the Lebanese army, according to an informed source at the Finance Ministry. The minister......

Morocco rises to fourth in MENA startup funding rankings

Morocco has solidified its position as a growing player in the Middle East and North Africa (MENA) startup ecosystem, climbing to fourth place in regional funding rankings for July 2025. This advancement puts the North African nation ahead of Egypt, which dropped in rankings due to macroeconomic challenges......

Morocco’s forsa program under scrutiny for implementation challenges

Morocco’s ambitious Forsa entrepreneurship program, launched in 2022 with a budget exceeding MAD 1.25 billion ($138.28 million), has come under fire for significant implementation issues, raising doubts about its effectiveness in supporting young entrepreneurs. Intended to provide interest-free......

World Bank approves second $125 million grant to support Somalia's reforms

The World Bank’s Board of Executive Directors has approved a second Development Policy Financing (DPF) operation for the Federal Republic of Somalia, amounting to $125 million. The grant will be provided by the International Development Association (IDA), the Bank’s fund for the world’s......

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