TLDR:
- The U.S. Embassy in Morocco and the Prosper Africa initiative hosted a Venture Capital Forum in Marrakech.
- The Forum brought together U.S. and regional venture capital investors with Moroccan startup founders to increase investment in the region.
The United States Mission in Morocco and the U.S. government’s Prosper Africa initiative organized a two-day U.S.-Morocco Venture Capital Forum in Marrakech with the aim of strengthening commercial ties between the two countries and encouraging investment in the region. The event, which took place ahead of GITEX Africa 2024, focused on connecting U.S. and regional venture capital investors with Moroccan startup founders working on innovative solutions in areas such as climate, health, agriculture, fintech, and deeptech.
As one of the United States’ closest allies in Africa, Morocco benefits from its free trade agreement with the U.S. and serves as an important gateway to economic opportunities on the continent. The event featured high-level discussions on Morocco’s entrepreneurship ecosystem and facilitated matchmaking sessions between startups and VCs to showcase Morocco’s readiness for investment.
Speaking at the Forum, U.S. Ambassador Puneet Talwar emphasized the importance of forming partnerships in Morocco, highlighting the country as a good return on investment. Prosper Africa Coordinator, British Robinson, stated that Morocco’s startups are ready for growth and praised the collaboration between U.S. and African VC funds and entrepreneurs.
Government officials from Morocco also participated in the event, underscoring the country’s commitment to fostering a conducive environment for business and investment. Through this Venture Capital Forum, the U.S. government reaffirmed its commitment to boosting trade and investment with Africa and supporting mutual growth for both the United States and Morocco.
The Prosper Africa initiative, a national security program, seeks to enhance economic partnerships between the U.S. and Africa by promoting two-way trade and investment flows. By connecting businesses and investors and advancing market opportunities, Prosper Africa aims to drive sustainable growth and prosperity across the continent.
