Finance

Morocco: Capital market authority AMMC launches a dedicated fintech portal

Morocco: Capital market authority AMMC launches a dedicated fintech portal
Wednesday, 10 August 2022 18:15

The fintech portal is launched months after the central bank partnered with investment manager CDG Invest to facilitate the development of Moroccan fintech startups. 

The Moroccan Capital Market Authority (AMMC) announced Monday (August 8), the launch of a new fintech portal on its website. According to an official release published by the regulator, the portal was “designed to support market players in their projects and promote the development of new technologies that will help transform the financial sector.” 

The portal [...] will allow project leaders to exchange with the AMMC and to inquire about the legal framework applicable to their companies. This tool was designed to facilitate exchanges between the AMMC and companies involved in the innovative financial technology sector,” the release explains.

It adds that the portal is in line with the AMMC’s 2021-2023 strategic plan, which focuses on supporting innovation and working “closely with project leaders to promote the development of new technologies.” 

In February 2022, the Moroccan central bank partnered with CDG Invest, the investment branch of state-owned asset manager CDG, to facilitate the development of fintech startups in the country. 

Under the agreement, the central bank commits to providing regulatory support to fintech startups and assisting them in their proceedings with partner banks. Meanwhile, CDG Invest is to provide mentorship as well as technical, financial, and operational support. 

The performance of the Moroccan fintech ecosystem is still below expectations. In May 2022, local media fnh.ma revealed that the last fundraising operation carried out by a Moroccan fintech startup dates back to July 2021. It involved YallaXash, raising MAD6 million from the Maroc Numeric Fund II. The Big Deal indicated that between 2019 and May 2022, Moroccan startups raised close to US$47 million. 

Chamberline MOKO

On the same topic
• IFC teams up with AfDB and Nigeria’s EbonyLife to assess a new fund for African cinema• Sector could grow to $20 bln annually and create 20 mln...
• BRICS plans a guarantee fund to reduce political and financial risks in developing countries.• The fund will be managed by the New Development Bank...
BEAC granted Afreximbank the first-ever foreign access to the CEMAC public securities market. Cameroon raised $359.3 million via a...
(EBID) - The Board of Directors of the ECOWAS Bank for Investment and Development (EBID) held its 92nd Ordinary Session on June 30, 2025. The Board...
Most Read
01

• Global coffee consumption projected to hit a record 169.4 million 60-kg bags in 2025/2026, up from...

Coffee: Global Consumption Expected to Reach Record Level in 2025/2026
02

In a West African financial landscape marked by tighter regulation of the fintech sector, digital fi...

In Five Years, Francophone Africa Will be A Major Force in African Tech –Régis Bamba
03

• BOAD releases CFA10 billion ($17.8 million) to support Boungou and Wahgnion gold mines.• Burkina F...

BOAD Grants CFA10 Billion to Revive Boungou and Wahgnion Gold Mines in Burkina Faso
04

Transport and food prices have been climbing steadily across Africa in recent years. In Côte d’Ivoir...

Côte d’Ivoire’s Fuel Price Cuts Haven’t Slashed Transport Costs–Yet
05

• Burkina Faso-based financial group, Vista Group Holding, has acquired a majority stake in Société ...

Burkina Faso: Vista Group Acquires Controlling Stake in Société Générale
Enter your email to receive our newsletter

Ecofin Agency provides daily coverage of nine key African economic sectors: public management, finance, telecoms, agribusiness, mining, energy, transport, communication, and education.
It also designs and manages specialized media, both online and print, for African institutions and publishers.

SALES & ADVERTISING

Benjamin FLAUX
bf@agenceecofin.com 
Téls: +41 22 301 96 11 
Mob: +41 78 699 13 72
Média kit : Download

EDITORIAL
redaction@agenceecofin.com

More information
Team
Publisher

ECOFIN AGENCY

Mediamania Sarl
Rue du Léman, 6
1201 Geneva
Switzerland

 

Ecofin Agency is a sector-focused economic news agency, founded in December 2010. Its web platform was launched in June 2011. ©Mediamania.

 
 

Please publish modules in offcanvas position.