Mubawab reposted this
👋 🇲🇦 Salam! 🚀 It's always great to be back in #Morocco with our teams at AUTO24.ma! 🔢 Let's have a look at 2024 macro numbers! 👀 🌍 38 million people population 📈 +377 thousands people since 2023 (+1%) 👶 29.4 years old median age 🌐 34.5 million internet users 🗺️ 90.7% internet penetration rate 📱 51.4 million cellular mobile connections 📱 21.6 million social media users 🚀 +48% YoY 🏙️ 65% urbanised population 💡 100% access to electricity 💵 $157B GDP / $397B GDP PPP 💸 $11.8B inward remittance flow (7.5% GDP) 🎥 21.2 million Youtube users 📘 20.55 million Facebook users 🇨🇳 12.4 million TikTok users 📸 11.9 million Instagram users 🔗 4.9 million LinkedIn users 💰 $167m raised by Moroccan startups since 2019 😞 Only 0.9% of total raised by startups in Africa 💰 $18m raised by startups in 2024 🥇 CASHPLUS $60m raised in October 2023 🥈 Mubawab $10m raised in March 2021 🥉 inyad $8m raised in October 2021 🇲🇦 Other local startups Chari | YC S21 | Ecom and Fintech apps for retailers in Francophone Africa, YoLa Fresh, Freterium, Moteur.ma, Logidoo, Agenz, ENAKL, GUICHET, Colis.ma (Baobab 2023), Sle3ti, Userguest , Tookeez... 🙏 Thanks We Are Social, Africa: The Big Deal for the numbers #MacroEconomics #Africa #Startups #Demography #NorthAfrica #MENA Tech in Africa
KWIKS as well ;)
Impressive macro numbers for Morocco! 📈 With such a young median age and high internet penetration, what strategies do you believe will best support the startup ecosystem's growth? On a different note, I'd love to connect and exchange insights. Please feel free to send me a request!
Wa 3likoum salam 🙏 Thanks for sharing Axel Peyriere
since statistics about Burundi
Interesting 👏
Program Manager | Sustainability Expert | ESG Advisor | Strategic Leader | Resilience Specialist
3dIncredible insights, Axel! The macro numbers from Morocco highlight a thriving tech ecosystem in North Africa, with a young, dynamic population and robust digital connectivity driving the region's entrepreneurial spirit. As startups continue to raise significant funding, it’s clear that Africa’s innovation potential is unstoppable. Let's continue to push for greater investment in these emerging markets and champion the entrepreneurs building the future. Excited to see where these trends will take us!