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
-
IMF appoints Mauritania’s Zeidane to head Africa Department
18:56
-
BCEAO sets June 30 deadline for operators to join instant payment platform
18:52
-
Mauritania’s Zeine Zeidane appointed director of IMF Africa Department
18:47
-
Cameroon higher education group plans microfinance bank for student startups
18:34
-
Internet Freedom in Africa Remains Uneven in 2026 Despite Rising Access
18:30
-
Cameroon Delivers Tractors to Agropoles to Scale Production and Agro-Processing
18:28
-
Togo receives CFA1.6B Chinese rice donation to support food security
15:01
-
Africa’s $35bn sports tourism opportunity: growth accelerates alongside traditional travel sectors
14:37
-
Uganda: UN Women, Equity Bank launch programme for women entrepreneurs in underserved communities
14:33
-
Chevron Approves Investment in Equatorial Guinea’s Aseng Gas Project
13:36
Operator explores renewable energy partnership with Italy’s Ascot Energy Move aims to stabilize p...
A $147M Novastar Ventures fund backed by major Japanese firms offers co-investment rights int...
First investor town hall since 2021 signals renewed engagement with markets Authorities hi...
Arise IIP plans to invest more than $3 billion in Kenya over five years The company wi...
Efforts to reinforce health systems are gaining pace across Africa, with this week’s developments fo...
Mauritanian Zeine Zeidane has been appointed director of the IMF’s Africa Department. A former prime minister and an IMF official for more than a decade,...
Africa’s sports economy could expand from $12bn to $30-35bn over the next decade Tourism contributes up to 8% of GDP across the continent,...
A two-year partnership will support women entrepreneurs with finance and training The initiative targets underserved and refugee-hosting...
Chevron has taken a final investment decision on the Aseng Gas Monetisation project. The project targets 550 billion cubic feet of gas with an...
The Bijagos Archipelago, located off the coast of Guinea-Bissau, stands as one of West Africa’s most extraordinary island systems. Made up of around forty...
RFI confirmed the end of “Couleurs Tropicales” following Claudy Siar’s departure after 31 years. The move follows a series of high-profile exits...