Tag: digital

Digital tech startup Damanesign raises US$450,000 funding to improve its operation

Frank

MOROCCO – Damanesign, a Morocco-based digital trust solutions startup, has successfully raised MAD4 million (US$450,000) in funds led by Maroc Numeric Fund II to improve its digital products and develop its operations. Founded in 2021 by Zouhair Hamdaoui, Damanesign is a startup that is seizing new legislation opportunities on digital trust in Morocco to provide users with the utmost safety in the documentation. Damanesign provides electronic signatures, seals, and timestamps allowing users to sign and have documents signed in total security while guaranteeing their probative value. Damanesign also offers advanced…

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Bank of Alexandria secures US$6M from Saudi Arabia to finance digital transformation

Frank

EGYPT – Saudi Arabia, through its Saudi Grant Management Committee, has given Bank of Alexandria, one of Egypt’s largest banks, a US$6.4 million grant to finance digital transformation and encourage local crafts programs in the country. Egypt’s Minister of International Cooperation, Rania Al-Mashat, said that the Saudi Grant Management Committee funding for the Bank of Alexandria will strengthen financing mechanisms to support small, medium and micro enterprises, and create job opportunities. The Saudi Arabia Grant Committee has funded 2,180 projects so far in 27 governorates, creating about 12,000 jobs. Al-Mashat…

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