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
-
Libya Tests Long-Stalled Pipeline to Cut Flaring and Ease Supply Constraints
20:20
-
Cameroon’s LNG Revenue Falls Despite Stable Export Volumes
20:08
-
Cameroon Plans CFA17 Billion Palm Oil Investment to Cut Import Dependence
20:05
-
Togo’s international film festival opens in Lomé, showcasing 33 films
19:45
-
Togo rolls out Second phase of Sahel resilience programme to tackle food insecurity
19:35
-
Afriland First Bank Partners PROMOTE 2026 to Expand SME Access and Visibility
19:20
-
Côte d’Ivoire Secures $186.4 Million Global Fund Support for HIV, TB and Malaria
19:16
-
Cameroon’s Renaprov misses IPO target on BVMAC, opens second subscription window
19:06
-
Africa agrochemicals market set to reach $15B by 2031, driven by climate change and rising food demand
18:56
-
Agoè-Nyivé 5 Opens Second Ordinary Municipal Session
16:29
Driven by above-average growth and rapidly expanding demographics, Francophone Africa is emerging as...
Algeria launches bid for two NGSO satellite telecom licenses Move aims to expand broadband ac...
EBID aims to allocate nearly 41% of its commitments to environmentally and socially impactful projec...
Coca-Cola unit trains 260+ SMEs in Namibia business skills Program targets women, youth, disabled...
Four major operators—Mauritel, Mattel, Rimatel, and Chinguitel—submitted a combined bid of ...
Libya tests 130 km pipeline to reduce gas flaring Project to recover 150 million cubic feet daily Move aims to ease bottlenecks, improve gas network...
Côte d’Ivoire to receive €157.9 million Global Fund support Funds target HIV, tuberculosis, malaria programs for 2027–2029 Country...
Africa agrochemicals market to reach $15.08 billion by 2031 Growth driven by pests, food demand, government subsidies Fertilizers...
Montage Gold secures five exploration permits in northern Mauritania Move supports efforts to reduce reliance on Tasiast mine $2 million...
Fally Ipupa plans a two-part album project combining urban sounds and traditional rumba. The first album “XX” releases on April 17, while “XX Delirium”...
MASA 2026 gathers artists and industry professionals from over 28 countries in Abidjan. The event features 99 performances across market and...