SEAF Morocco Growth Fund invests in brokerage firm SOS Crédit
Tuesday, 02 July 2019 13:42
SEAF Morocco Growth Fund (SMGF), an investment fund that targets high growth potential companies in North Africa, announced it has invested in the brokerage firm SOS Crédit.
This operation is SMGF’s third investment since it was launched in April last year. The fund will support the expansion of SOS Crédit in Morocco and on the international market.
“This partnership will enable us achieve our vision of emerging as leaders in the online brokerage of financial products, whether traditional or sharia-compliant […] with the ambition of exploring other international markets by 2020,” commented Ben Slimane, founder and CEO of SOS Credit.
SMG, managed by SEAF Morocco Capital Partners, operates an $18 million capital obtained from the Moroccan banking group BMCE Bank, the Central Guarantee Fund, the American investment group SEAF and Wise Venture Capital.
SEAF Morocco Growth Fund supports structured companies that can generate significant financial returns while having a significant social and environmental impact.
Chamberline Moko
Live News
-
Madyo Connects Restaurants and Diners in Malawi
05:51
-
DR Congo firm Benesha plans syringe factory as Kinshasa demand tops 10 million monthly
20:22
-
Development Partners Pledge Over $200M for DRC Population Census, Exceeding Funding Needs
20:14
-
African Oil Ministers Boycott London Summit Over Local Content and Inclusivity Issues
20:11
-
Burkina Faso Creates New Body to Streamline Business Climate Reforms
19:47
-
Cameroon banana exports up 7% in 2025 as CDBM and CDC lead growth
18:59
-
WTO e-commerce moratorium debate puts Africa’s fiscal sovereignty back in focus
18:56
-
Cameroon Opens First Robusta Coffee Post-Harvest Processing Center
18:48
-
Togo to Raise 30 Billion CFA Francs on WAEMU Market Through Bills and Bonds
18:46
-
Togo Ranks Second in Africa on Women’s Legal Frameworks, Behind Mauritius
18:43
Firms move beyond payments toward integrated SME platforms Services include invoicing, inve...
The BCEAO now allows UEMOA citizens abroad to open CFA franc accounts under the same conditions as...
Novo Nordisk cuts Wegovy prices in South Africa amid competition Move targets rival Eli Lil...
ECOWAS, Energy China discuss regional power infrastructure cooperation Talks cover $36.3...
First investor town hall since 2021 signals renewed engagement with markets Authorities hi...
Benesha to build medical consumables factory in DR Congo SEZ Project aims to cut imports amid strong demand for devices Factory to produce syringes,...
Donors pledge over $200 million for DR Congo census World Bank, AfDB consider major funding and capacity support Census aims to update data...
African oil ministers to boycott May 2026 London energy summit Protest over lack of inclusivity and weak focus on African priorities Move reflects...
Burkina Faso creates unified body for PPP dialogue, business reforms New framework to streamline institutions and improve public fund use Security...
RFI confirmed the end of “Couleurs Tropicales” following Claudy Siar’s departure after 31 years. The move follows a series of high-profile exits...
Top 50 ranking highlights women across core tourism service segments Tourism contributes $168 billion to GDP and supports over 24 million...