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
South Africa led with 35% of total deal value, ahead of Kenya and Egypt Inbound deal value ro...
Safran invests €280m to build one of the world's largest landing gear plants in Morocco, crea...
Industrial, jewelry and silverware demand expected to decline in 2026. Physical investment ...
This week in Africa, Africa CDC is stepping up its drive for health sovereignty, building new partne...
Global South Utilities (GSU) has begun building a 5 MWp hybrid solar plant with 5 MWh battery st...
EETC launched a tender for a 500 MW solar plant in West of Nile. The project will follow a build-own-operate model under an independent power...
The African Union signed a three-year memorandum to promote civilian nuclear energy. About 666 million Africans still lack electricity, according...
A CFA700 million ($1.2 million) poultry farm has opened in Bobo-Dioulasso. The facility targets 1 million hatching eggs in 2026. Output is set to...
Senegal’s Gamers Association and the Digital Ministry signed a partnership to organize Efest Africa in Dakar. Senegal’s video game market reached...
The University of Lomé on Wednesday opened a fossil and rock exhibition hall showcasing specimens from the country’s coastal sedimentary basin. Led by the...
Senegal, Morocco resume talks on film co-production pact Countries seek revised agreement on training, distribution Partnership produced two...