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فبراير.كوم
$35M aid for North African firms
The African Development Bank and the Italian Deposit and Loan Fund have announced a joint investment of $35 million in the RMBV North Africa Fund III. This fund is dedicated to financing medium-growth companies in North Africa, with 20-30% of its investments allocated to Morocco, which is considered the second largest target market after Egypt. The fund aims to reach capital between $300 and $400 million, focusing on established companies in sectors such as goods and services, healthcare, education, and financial services. It plans to invest in 10 to 12 companies over a period of 4 to 6 years, providing strategic support in governance and digital transformation. This investment is part of the GRAf platform aimed at supporting African companies and strengthens Morocco’s presence in the North African investment market.
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