US EditionIFC To Invest $135M in Morocco’s HFC to Increase Africa’s Access to Financing, Insurance
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IFC To Invest $135M in Morocco’s HFC to Increase Africa’s Access to Financing, Insurance
The International Finance Corporation (IFC), the World Bank’s investment institution, will invest MAD 1.35 billion (around USD 135 million) in Holmarcom Finance Company (HFC) to expand access to financing and insurance services all across Africa. The move was announced today by the IFC and Holmarcom, a Moroccan conglomerate with operations in finance, agro-industry, logistics, and real estate. Although still subject to regulatory approvals, the …
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