2023-10-07 21:15:41
Collaborative financing, or crowdfunding, is regarding to emerge in Morocco. Nezha Hayat, president of the Moroccan Capital Market Authority (AMMC), announced in an interview with La Nouvelle Tribune that the operationalization of this new financing method is imminent.
Good news for small businesses. Collaborative financing, an alternative method of fundraising, is being implemented. The president of the Moroccan Capital Market Authority (AMMC) stressed that this solution will offer financing opportunities adapted to innovative projects and small businesses.
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The regulatory framework that will govern collaborative financing has already been finalized, and the launch of this activity is planned in the near future, according to Nezha Hayat. To support this launch, awareness-raising actions are planned, including the creation of educational guides and presentation sessions. The AMMC has already established an approval process for crowdfunding platforms and will begin processing applications as soon as the activity is officially launched.
Financial inclusion is a key goal, and financial education plays a key role in this. Nezha Hayat stressed that the AMMC is making enormous efforts to promote financial education in Morocco. Awareness and popularization campaigns are carried out on various platforms and aim to reach a wide audience.
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Crowdfunding is therefore on the verge of becoming a reality in Morocco, thanks to the concerted efforts of the financial authorities and the AMMC. Abdellatif Jouahri, wali of Bank Al-Maghrib, had already announced that the legal framework governing this form of financing was ready. Collaborative financing will open new opportunities for entrepreneurs and small businesses in Morocco, providing an innovative way to raise funds for their projects.
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