Morocco’s private tutoring marketplace Smartprof recently raised $110,000 in pre-seed funding from UM6P Ventures, Plug and Play, and business angels. In an interview with Morocco World News, Smartprof co-founder Mustapha …
Markets
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BusinessEconomyINVESTMENTMarketsMoroccoTechnology
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BusinessEconomyMarketsNigeriaOil & Gas
Average price for 5kg cooking gas in Nigeria increases to 71% in one year
The average price of refilling a five-kilogramme cylinder of cooking gas rose by 70.62 per cent year on year in October, the National Bureau of Statistics (NBS) has said. The bureau said …
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Nigeria now ranks seventh on Organization of the Petroleum Exporting Countries’ crude oil production list, according to the organization’s Monthly Oil Market Report for November, which examined oil production performance …
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AgricultureBusinessEconomyMarketsNigeria
AFEX commodities projects Rice, maize, sorghum, and cocoa to slump by 11.5%
The Nigerian commodities market player, AFEX has projected an average decline in production of up to 11.5 per cent across commodities like maize, paddy rice, sorghum, and cocoa. AFEX revealed …
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BusinessCryptocurrencyMarketsSouth Africa
cryptocurrency market maker Ovex cancelled FTX financial services license in South Africa
South African cryptocurrency market maker Ovex has cancelled and removed FTX as a juristic representative, cutting off the international exchange’s access to its local Financial Service Provider (FSP) license. “FTX …
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Despite being a traditional energy import market, Morocco has worked on building competitive renewable energy infrastructure which contributed to boosting the attractiveness of the domestic market among foreign investors. This …
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BusinessEconomyMarketsSouth Africa
Prosus gives up it’s stake in Russian’s largest social media site
Prosus gave up its stake in Russia’s largest social network for nothing, walking away from a company run by an executive under US sanctions. VK sold the shares acquired from …
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BusinessEconomyManufacturingMarketsSouth AfricaTechnology
Honor, Oppo, and Xiaomi launches a flagship handsets taking on Samsung in South Africa
While Samsung is the most dominant smartphone brand in South Africa, companies like Honor, Oppo, and Xiaomi have recently released flagship handsets they hope will help them compete with the …
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AgricultureBusinessEconomyINVESTMENTMarketsMorocco
Chile’s Agroberries to Invests €40 million to expand farming into Morocco
Chile’s vertically integrated producer, marketer, and distributor of berries Agroberries Limited is investing €40 million in the first phase of its expansion strategy in Morocco. The investment covers the planting of …
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AmazonBusinessEconomyMarketsSouth AfricaTechnology
Amazon is the first public company to lose $1 trillion in market value
Amazon.com Inc. is the world’s first public company to lose a trillion dollars in market value as a combination of rising inflation, tightening monetary policies and disappointing earnings updates triggered …