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 Teams Up With Google to Train 5,000 in Digital Skills
10:38
-
Proparco, RMBV Take Stake in Morocco’s Africa Feed & Food With $91 Million Deal
10:33
-
Visa Focuses on Skills Development to Strengthen Africa’s Payments Ecosystem
10:29
-
Rising Credit Risks Weigh on BOA Burkina Faso’s Profit in 2025
10:23
-
Nigerian Entrepreneur Lloyd Adiele Drives Cross-Border Payments Innovation
15:47
-
Saad Jittou Builds Integrated Transport Solution with Weego
15:36
-
Burkina Faso Advances AI Strategy with Focus on Local Languages
15:34
-
Ethiopia Unveils Smart Police Station to Digitize Public Services
15:31
-
Togo, Turkey sign education agreement to support training and mobility
13:36
-
Lomé to host Francophone parliamentary conference in April
13:24
Firms move beyond payments toward integrated SME platforms Services include invoicing, inve...
Cameroon signs MoUs for $1.5 billion waste-to-energy projects Plans target waste treat...
MTN Mobile Money Zambia partnered with Indo Zambia Bank to enable payments via bank POS terminals....
UBA UK, BII sign intent to expand trade finance in Africa Partnership targets funding gaps for in...
The BCEAO now allows UEMOA citizens abroad to open CFA franc accounts under the same conditions as...
Government to award 5,000 Google certifications in AI and digital skills Program targets students, teachers, and underserved communities Initiative...
Visa trains banks and fintechs in Dakar through intensive program Initiative combines technical expertise with real-world case studies Group...
Growth forecast at 6.5% in 2026, up from 6.2% in 2025 Inflation expected to rise slightly to 1.8% after a low base Authorities flag risks from energy...
Mobile money transactions in Africa reached $1.43 trillion in 2025, up 27% Continent accounts for 66% of global transaction value and 74% of...
AI forces newsrooms to balance automation with credibility and trust Agentic AI boosts efficiency but risks scaling disinformation...
Kumbi Saleh is regarded as one of the earliest major political and commercial capitals of West Africa. Located in present-day Mauritania, near the border...