Morocco’s Mubawab raises $7mln in Staff Capacity Building Fund from EMPG
Monday, 13 January 2020 15:19
Emerging Markets Property Group (EMPG) is investing $7 million to strengthen the staff within its Moroccan real estate advertising arm Mubawab, local media reported.
With about 150 employees in Morocco, Mubawab plans to recruit 100 new workers by the end of 2020 in its Maghreb subsidiaries (Algeria and Tunisia) as well as in Morocco. The real estate advertising portal, which boasts a customer portfolio of nearly 1,000 partners as well as 150,000 active ads, also plans to finance the opening of new offices in strategic cities in Morocco in the course of 2020.
The fundraising follows the acquisition in June 2019 of rival Jumia House Maghreb present in Morocco, Tunisia, and Algeria. The acquisition was aimed at strengthening Mubawab's presence on the Maghreb market of online real estate ads.
Chamberline Moko
Live News
-
Libya’s Oil Output Reaches Decade High, Moves Closer to Pre-2011 Capacity
18:39
-
Rising Oil Prices Push 29 African Currencies Lower After Middle East Conflict
18:15
-
Morocco More Than Doubles Renewable Capacity in a Decade, Driven by Wind
18:07
-
In Africa, Banks Face a New Rival: Telecom Operators
17:51
-
Cameroon’s LNG Export Earnings Hit Three-Year Low at CFA350 Billion
17:44
-
Cameroonian SMEs invited to India trade forums to explore market opportunities
17:03
-
Ogou 1 adopts formal waste management and sanitation policy
16:19
-
African lawmakers meet in Lomé for APF regional conference
15:54
-
Togo and Burkina Faso Step Up Coordination on Lomé-Ouagadougou Corridor
15:39
-
Togo’s meat self-sufficiency reaches 68% in 2025, led by poultry growth
13:15
Flutterwave secures Nigerian banking license to offer credit and savings License enables direct d...
BCEAO mandates all financial institutions to complete integration Move aims to ensure seamless, i...
EBID aims to allocate nearly 41% of its commitments to environmentally and socially impactful projec...
This week, Africa’s health outlook is shaped by mounting supply chain risks tied to global tensions,...
Coca-Cola will invest $1.03 billion in South Africa by 2030 to expand capacity and distributi...
Libya oil output reaches 1.43 million barrels per day Production nears pre-2011 levels as operations stabilize Oil dominates economy,...
Morocco renewable capacity doubles to 4,851 MW by 2025 Wind leads growth; solar expands, hydropower remains stable High energy import...
M-PESA evolves into major financial platform with 35 million users Telecoms, fintechs expand into banking, intensifying competition with...
EACOP pipeline reaches 82% completion ahead of planned 2026 launch Project to transport 216,000 barrels daily from Uganda to Tanzania Legal...
Sungbo Eredo, located in southwestern Nigeria near the Yoruba town of Ijebu-Ode, stands as one of the most remarkable yet overlooked monuments of...
“Dodji, l’Archet Vodoun” is a documentary about reconnecting with ancestral culture to understand one’s origins, following an initiation ceremony that...