Finance

SEAF Morocco Growth Fund invests in brokerage firm SOS Crédit

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

On the same topic
Evidence shows mobile money taxes reduce usage and revenue Most countries exceed the 0.2% threshold that triggers cash fallback Policies...
CAR minister meets COBAC on FNGI operational rollout Talks seek framework, technical support, compliance with regional rules $18M fund...
WAEMU member states plan to raise CFA3,075.5 billion ($5.53 billion) in Q2 2026, up 18.3% year-on-year. Côte d’Ivoire will lead issuance with...
Renaprov raises 1.1 billion CFA francs, below 8.4 billion target Second subscription window extended to May 15 after weak demand IPO seen as...
Most Read
01

Driven by above-average growth and rapidly expanding demographics, Francophone Africa is emerging as...

Francophone Africa: A Rising Economic Giant With Weak Internal Trade
02

Algeria launches bid for two NGSO satellite telecom licenses Move aims to expand broadband ac...

Algeria Opens Satellite Market to Competition, Inviting Global Operators
03

EBID aims to allocate nearly 41% of its commitments to environmentally and socially impactful projec...

EBID Charts Green Shift to Finance West Africa’s Growth
04

Coca-Cola unit trains 260+ SMEs in Namibia business skills Program targets women, youth, disabled...

Over 260 Namibian SME Owners Trained as Sector Faces Mounting Losses
05

Four major operators—Mauritel, Mattel, Rimatel, and Chinguitel—submitted a combined bid of ...

Mauritanian Telecom Operators Submit $27 Million Combined Bid for 5G Licenses
Enter your email to receive our newsletter

Ecofin Agency provides daily coverage of nine key African economic sectors: public management, finance, telecoms, agribusiness, mining, energy, transport, communication, and education.
It also designs and manages specialized media, both online and print, for African institutions and publishers.

SALES & ADVERTISING

regie@agenceecofin.com 
Tél: +41 22 301 96 11 
Mob: +41 78 699 13 72


EDITORIAL
redaction@agenceecofin.com

More information
Team
Publisher

ECOFIN AGENCY

Mediamania Sarl
Rue du Léman, 6
1201 Geneva
Switzerland

 

Ecofin Agency is a sector-focused economic news agency, founded in December 2010. Its web platform was launched in June 2011. ©Mediamania.

 
 

Please publish modules in offcanvas position.