ShareUS International Development Finance Corporation (DFC), will operate a $100 million fund focusing on promoting opportunities while tackling endemic problems facing Morocco that require innovative solutions from local enterpreneurs. This is part of a $5 billion budget that the DFC will invest in Morocco and several other countries in North Africa. This is part of Prosper Africa – a US initiative promoting trade and investment across Africa between the African continent and the United States. Prosper Africa office is the first of its kind across Morocco and will easily convert the country into a regional economic hub. Prosper Africa will give North Africa and sub-Saharan countries over $500 million in funding over a 5-year period.

Source: The North Africa Journal January 13, 2021 07:07 UTC