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
-
Manovo-Gounda-St Floris, the forgotten giant of Central Africa’s savannas
07:56
-
African artists face a ‘geographic penalty’ in streaming payouts despite 22% revenue growth
18:47
-
Ethiopia to Reopen Talks on $1 Billion Eurobond Restructuring After Creditor Concerns
18:43
-
Crypto Sovereignty Was CAR’s Goal. A Report Says Crime Risks Took Hold Instead
18:40
-
Cameroon Ratifies Air Deal With Qatar, Opening Market to Qatar Airways
17:51
-
State Oil Firm SNH Reshuffles Leadership, Names Five Women to Senior Roles
17:48
-
Chinese Addax Petroleum accounts for about 30% of Cameroon oil output in 2025
18:02
-
Cameroon plans CFA4bn investment to improve Memve’ele hydropower reliability
17:53
-
Morocco Signs Three Deals to Strengthen Digital Offshoring
13:51
-
Khouloud Abada Launches RenYou to Streamline Skin Health Follow-Up
13:08
Except for Tunisia entering the Top 10 at Libya’s expense, and Morocco moving up to sixth ahead of A...
African startup M&A hits record 67 deals in 2025 Consolidation driven by funding pressures and ex...
Urban employment reached 53.7% in WAEMU in early 2025 Most jobs remain informal, low-paid, and in...
CBE introduced CBE Connect in partnership with fintech StarPay. The platform enables cross-border...
Moniepoint, Opay, Kuda, and others gain national status with tighter oversight A naira 5 billion ...
Touted as a tool of emancipation, blockchain was meant to give the Central African Republic a new form of economic and digital independence. In practice,...
Ethiopia is placing technical and vocational training at the core of its growth strategy The policy targets youth employment amid high urban...
Madagascar accounts for nearly 60% of Africa’s clove output and export earnings Tanzania and Comoros rely heavily on cloves as key agricultural export...
Health developments range from the official end of the Marburg outbreak in Ethiopia to the launch of a central health data repository by Africa CDC. At...
Manovo-Gounda-St Floris National Park is one of the largest protected areas in Central Africa. Located in the northeastern part of the Central African...
Streaming dominates music, reshaping royalties and artist income worldwide Sub-Saharan Africa grows fast, but payouts stay far lower Platform, region,...