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
-
Tunisair Signs Etihad Codeshare to Expand Reach Into Asia and the Middle East
17:59
-
Togo Projects 2026 Mining Royalties At 10.38 Billion CFA Francs
17:45
-
Togo Consolidates African Union Peace Efforts in DRC With U.S. Support
17:37
-
Burkina Faso Courts Egyptian Tech Investors for Public Sector Digitization
17:14
-
Nigeria Turns to Space Technology to Fight Illegal Mining
17:10
-
Tuzzo Converts Social Media Traffic Into Sales Growth in Ivory Coast
17:06
-
Ivory Coast Launches MaPoste to Digitize Postal and Administrative Services
17:03
-
Togo Launches “Smart Room” As Tourism Ministry Goes Digital
16:20
-
Former PM Patrick Achi Elected Speaker Of Côte d’Ivoire's Ruling Party-Dominated Parliament
16:10
-
East Africa’s I&M Group Raises Stake in Tanzania Unit to 95.5%
15:58
Togolese banks provided 16.2% of WAEMU cross-border credit by September 2025 Regional cross...
Nigerian fintech Paystack launches Paystack Microfinance Bank Bank created after acquiring ...
Nigeria granted Amazon Kuiper a seven-year license starting February 2026 The move opens comp...
Tether partnered with the United Nations Office on Drugs and Crime to strengthen digital asset cyb...
Microfinance deposits in Togo increased by CFA11.9 billion, a 2.7% rise in the second quarter of 2...
Tunisair signed a codeshare agreement with Etihad Airways to expand access to Middle Eastern and Asian destinations. The partnership supports...
Patrick Achi elected president of Côte d’Ivoire’s National Assembly Former prime minister wins 84.98% in 2026–2031 legislature vote RHDP...
Gabon’s BCEG grants 360 million CFA loan to BTF Farming Funding aims to boost poultry, fish and crop production capacity President announces...
South Africa declares national disaster after deadly floods and storms Severe weather kills dozens, damages homes, infrastructure across...
Bamako hosted the first International Festival of African Documentary (FIDAB) from January 16 to 18, 2026, screening 12 African films. UNESCO...
Located at the mouth of the Senegal River, about twenty kilometers from the Atlantic Ocean, Saint-Louis Island holds a distinctive place in the country’s...