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Tana Africa Capital exits the Moroccan School Network IEG

Monday, 11 September 2023 19:26
Tana Africa Capital exits the Moroccan School Network IEG

(Ecofin Agency) - Investment firm Tana is selling its investment in the Moroccan school network IEG (International Education Group) for an undisclosed amount. 

Eight years after its initial commitment, jointly undertaken with the Moroccan group Saham, the investment firm announced last September 6 that it is leaving its place to Globeducate, a network comprising around sixty schools and programs in 12 countries across Europe and the Americas.

Robert Leke, the director of Tana Africa Capital, expressed his delight in "what has been accomplished so far within IEG, with the participation of Saham." With Globeducate, which boasts over 50 years of experience in education, the Moroccan Saham will continue to develop IEG. The latter will benefit from Globeducate's expertise to strengthen and enhance its educational offerings and expand further within Morocco and internationally.

"IEG is proud to have Globeducate among its shareholders and strategic partners. This is an opportunity to integrate one of the largest international school networks and to benefit from expertise that will allow us to continue to innovate to meet students' expectations," said Lamia Outgenza, CEO of IEG.

Let’s note that Globeducate's entry into the capital of IEG has received approval from the relevant regulatory authorities in Morocco.



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ECOFIN AGENCY offers a selection of articles translated from AGENCE ECOFIN. Founded in 2011, Agence Ecofin is a leader in Francophone Pan-African economic news, particularly in West and Central Africa. The agency publishes daily news on nine African economic sectors: Public Management, Finance, ICT, Agribusiness, Energy, Mining, Transport & Logistics, Communication, and Training.

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