A $50 million green bond listing marks the first time off-grid solar receivables from Africa have entered the public bond markets - and signals a structural shift in how energy access gets financed.
In 2023, remittances from Moroccans living abroad reached a record €10.71 billion, with France, Spain, Saudi Arabia, and Italy being key sending countries.
Before its demise, YallaXash boasted an extensive network of over 12,000 physical payout locations in Morocco through partnerships with local financial institutions and cash transfer services.
Equator plans to deploy the fund across 15 to 18 startups, writing checks of $750,000 to $1 million for seed-stage companies and up to $2 million for Series A rounds.
The North African kingdom, long reliant on agriculture, tourism, and phosphate exports, is channeling significant investment into nurturing a local gaming ecosystem.
A $50 million green bond listing marks the first time off-grid solar receivables from Africa have entered the public bond markets - and signals a structural shift in how energy access gets financed.
