IFC opens $15.7 mln credit line for the education sector in Morocco and Senegal
Friday, 10 May 2019 13:35
The International Finance Corporation (IFC) announces a €14 million ($15.7 million support) credit line and technical support for the education sector in emerging countries.
These supports will be provided to KMR Holding Pédagogique (KMR), a private higher education platform that will use the resources to boost its activities in Senegal and Morocco.
KMR plans to open a medical faculty in these two countries to boost the teaching offers in the health sector.
“IFC’s investment will help us boost our reputation as a major player in the education sector, the health sub-sector particularly,” said Mohamed Kabbaj, director of KMR.
Chamberline Moko
Live News
-
South Africa’s Tax Revenue Tops $118 Billion, Crossing Key Threshold
16:01
-
Togo flags price risks from Middle East conflict
15:59
-
Africa’s Resource Abundance Paradox: A Global Renewable Leader in Potential, Yet Still a Minor Player
15:56
-
Togo begins digitizing foreign affairs services in four-week project
15:37
-
Togo adopts draft law to reform competition and consumer protection
15:29
-
Togo earmarks 8.3 bln CFA francs to expand school infrastructure in 2026
15:15
-
Azerbaijan and Egypt Sign Energy Deal to Deepen Oil and Gas Cooperation
14:56
-
World Bank–Backed Mission 300 Launches Private Sector Council to Expand Electrification in Africa
14:40
-
Africatek 2025 in Ouagadougou to spotlight AI adoption across Africa
10:17
-
Cascador Opens Applications for ScaleUp 2026 Startup Program
10:04
Novo Nordisk cuts Wegovy prices in South Africa amid competition Move targets rival Eli Lil...
WAEMU posts 3.31 trillion CFA francs trade surplus in Q4 Exports surge 50.4%, led by gold, ...
The BCEAO now allows UEMOA citizens abroad to open CFA franc accounts under the same conditions as...
Operator explores renewable energy partnership with Italy’s Ascot Energy Move aims to stabilize p...
First investor town hall since 2021 signals renewed engagement with markets Authorities hi...
Tax revenue reaches 2,010 billion rand, up 8.4% year-on-year Performance outpaces nominal economic growth of 4% Reforms and improved compliance...
Africa holds vast renewable resources but accounts for just 1.6% of global capacity Nearly 600 million people still lack electricity despite strong...
SOCAR and EGPC agree on long-term partnership across hydrocarbons sector Deal reflects shifting global energy flows and supply security...
New council aims to mobilize private capital for electrification projects Initiative seeks to bridge gap between policy reform and bankable...
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...