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Finance

IFC opens $15.7 mln credit line for the education sector in Morocco and Senegal

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

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