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UAE-based fintech startup Klaim has raised $26 million to enhance healthcare payment processes, including $10 million in Series A equity and $16 million in debt financing. Founded in 2019, Klaim's AI-driven platform aims to resolve delayed insurance claim payments, allowing providers to receive funds within 24 hours. With this funding, the company plans to expand in the MENA region, particularly in Saudi Arabia and Oman, while strengthening partnerships across the healthcare sector.
GITEX Africa Morocco 2025, set for April 14-16 in Marrakech, will be the continent's largest tech event, showcasing innovations across AI, fintech, and more. With over 1,400 exhibitors from 130+ countries, it aims to drive Africa's digital transformation and economic growth, emphasizing sustainability and inclusivity. The event will feature high-level discussions, specialized summits, and initiatives like the Africa Future Connectivity Summit and Diaspora Studio, fostering collaboration between local and global innovators.
AliExpress has expanded its local payment options across several African countries, allowing shoppers in Egypt, South Africa, Algeria, Ethiopia, Morocco, and Tanzania to transact in their national currencies. This initiative aims to enhance cross-border e-commerce by reducing transaction friction and improving payment security. The expansion coincides with a major promotional event and is part of AliExpress's broader efforts to improve logistics and customer experience in Africa.
BVS, a new venture studio in Morocco, has launched in Casablanca Finance City to accelerate high-potential startups by integrating strategy, finance, and innovation. Beyond funding, it offers branding, financial structuring, and operational support, aiming to connect local entrepreneurs with global investors for sustainable growth. BVS has initiated three innovative projects, focusing on developing business models and strategies aligned with market needs.
Forbes Middle East has unveiled its Top 40 Asset Managers for 2025, highlighting leaders who collectively managed over $439 billion in assets in 2024. Rashed Sharif of SNB Capital retains the top spot with $63.73 billion in AUM, followed by Mohammed Alardhi of Investcorp at $53 billion. Saudi Arabia dominates the list with 19 representatives, showcasing the region's growing influence in real estate, sukuk, and private equity.
The European Parliament has barred Huawei representatives from its premises following a police investigation into alleged corruption linked to the Chinese tech giant. The probe, which includes coordinated raids in Belgium and Portugal, focuses on claims of bribery and forgery involving political favors and concealed kickbacks. Huawei has stated it takes the allegations seriously and is committed to cooperating with the investigation.
A corruption probe linked to Huawei has shaken the European Parliament, with police conducting raids in Belgium and Portugal, detaining several suspects. The investigation, which follows the Qatargate scandal, involves allegations of bribery disguised as lobbying, with claims that kickbacks were concealed as conference expenses. Transparency advocates are calling for urgent reforms, highlighting the ongoing vulnerability of the EU to corruption.
The International Finance Corporation (IFC) is providing a USD 30 million loan to Kazyon Group to support its expansion in Morocco's grocery retail sector. This initiative aims to increase Kazyon's store network and warehousing, creating over 3,000 direct jobs while enhancing food accessibility for low-to-middle-income consumers. Kazyon, established in 2014, currently operates more than 150 stores in Morocco and is committed to making nutritious food more accessible.
The International Finance Corporation (IFC) is providing a USD 30 million loan to Kazyon Group to support its expansion in Morocco's grocery retail sector. This initiative aims to increase Kazyon's store network and warehousing, creating over 3,000 direct jobs while enhancing food accessibility and safety for low-to-middle-income consumers. Kazyon, established in 2014, operates over 150 stores in Morocco and is committed to providing affordable groceries, particularly in underserved regions.
ORA Technologies is spearheading the creation of an e-Morocco ecosystem, integrating fintech, e-commerce, and on-demand services into a superapp. Their Kooul food delivery service has rapidly expanded across six cities, while ORA Cash offers a mobile payment solution aimed at the unbanked, promoting financial accessibility. With backing from Witamax & Azur Innovation Fund, ORA is poised to redefine Morocco's digital landscape and drive the country towards a cashless economy.
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The information provided herein is generated by experimental artificial intelligence and is for informational purposes only.
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Karim Awad
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ifc supports kazyon's morocco expansion with 30 million dollar loan
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