The International Finance Corporation (IFC), the World Bank’s arm focused on private sector development, has approved a $30 million loan to support the expansion of Kazyon, a prominent discount retailer, in Morocco. With this funding, Kazyon, which entered the Moroccan market in 2023, is poised to accelerate its growth with plans to open 150 additional stores by 2025, cementing its role in providing accessible and affordable groceries.
Kazyon’s ambitious goal is to reach 270 stores within two years, strategically distributing locations across key cities such as Tangier and Marrakech. Already a visible player in Morocco with around 120 active stores, Kazyon is celebrating its first anniversary by reaffirming its commitment to becoming a leading force in Morocco’s retail sector. The brand aims to provide Moroccan consumers with a reliable source of quality, budget-friendly products.
The IFC loan is structured as an eight-year “A Loan” dedicated solely to Kazyon’s Moroccan operations, with Kazyon’s Egyptian parent company acting as a co-borrower. Alongside financial support, the IFC will provide Kazyon with non-financial assistance, which includes capacity-building initiatives and the establishment of high standards in Morocco’s retail sector. This guidance allows Kazyon to leverage IFC’s expertise in management and business best practices, furthering its ability to professionalize the Moroccan distribution landscape.
The IFC’s investment is expected to deliver significant economic and social benefits to Morocco. By supporting the development of stores that offer essential goods at competitive prices, the IFC aims to improve access to necessities for a broad consumer base while creating a substantial number of direct and indirect jobs. This partnership aligns with IFC’s broader mission of sustainable economic growth across Africa by empowering innovative, responsible private-sector enterprises.
This financing agreement underscores the strong relationship between the IFC and Kazyon, highlighting the IFC’s confidence in the retailer’s growth potential within Morocco. As Kazyon expands, the IFC continues to work toward its goal of stimulating private sector growth, ensuring communities across Morocco benefit from increased access to quality products at affordable prices.
