ORA Technologies has raised $1.9 million in pre-Series A funding, increasing its total capital to $4.4 million. The investment will fuel the growth of ORA Cash, Morocco’s first social mobile wallet, and KooulMaroc, a food delivery service. This marks a key step in advancing Morocco’s digital and financial services.
YORA Technologies has raised $1.9 million in a pre-Series A funding round, bringing its total capital to $4.4 million. The investment will support the growth of its food delivery service, Kooul, and accelerate the development of ORA Cash, a digital payment solution, advancing digital and financial inclusion in Morocco.
ORA Technologies has raised $4.4 million to scale its digital financial services in Morocco. The funding will support the growth of its ORA Cash mobile wallet and e-commerce platform, KooulMaroc. With 300,000+ downloads, ORA Technologies aims to improve digital accessibility and financial inclusion for Moroccan consumers.
ORA Technologies, a Morocco-based superapp, has raised $1.9 million in a pre-Series A round, bringing its total funding to $4.4 million. The company plans to expand its financial services platform, ORA Cash, and e-commerce marketplace, KooulMaroc, aiming to enhance digital payments and financial inclusion in Morocco.
TAQA and ACWA Power, along with other international firms, have secured multi-billion-dollar green hydrogen projects in Morocco. These projects, focused on ammonia, industrial fuel, and green steel production, are part of Morocco’s efforts to strengthen its position in the global green energy market, with a combined value of nearly $32 billion.
Starlink has begun discussions with Moroccan authorities to deploy its satellites over the Sahara. Negotiations, which began in the summer of 2024, were further advanced during the Qatar-Africa Business Forum in November 2024. The deployment depends on approval from Morocco’s National Telecommunications Regulatory Agency (ANRT).
Mohamed Benchaaboun has been appointed as the new chair of the management board of Maroc Telecom, replacing Abdeslam Ahizoune after his 27-year tenure. The appointment follows a challenging period for the company, which was fined $630 million for unfair competition practices, exceeding its 2023 profit.
CMI has partnered with Global Blue to launch a multi-currency payment service for Moroccan e-commerce websites. This new service, incorporating Dynamic Currency Conversion, allows international customers to pay in their preferred currencies, enhancing the shopping experience and increasing sales for Moroccan merchants.
Morocco is advancing its trade framework through a new digitization initiative, supported by the EBRD. The project, aimed at enhancing business efficiency and global competitiveness, aligns Moroccan legislation with the UNCITRAL Model Law on electronic transferable records. Discussions took place at the Green Impact Expo & Summit 2025.
Maroc Telecom’s debt surged by 6.6 billion MAD, making it the most indebted company on the Casablanca Stock Exchange. This increase, driven by a legal dispute resolution, contributed to a 17% rise in net debt among non-financial companies. The report also highlighted growth in turnover and investments across sectors.
