Holmarcom Finance Company (HFC), the financial arm of Morocco’s Holmarcom Group, has announced a pivotal partnership with the International Finance Corporation (IFC). This deal, valued at 1.35 billion dirhams (approximately $135 million), is subject to regulatory approval. Once finalized, Holmarcom will maintain its majority stake while gaining a world-class strategic partner in IFC.
This partnership builds on a relationship established in 2021, when IFC invested in Holmarcom Insurance Activities (HIA), the group’s insurance arm. Now, the collaboration is expanding to include all of HFC’s operations, notably its banking sector, which has been bolstered by the recent acquisition of Crédit du Maroc.
As a leading player in Morocco’s financial sector for over 50 years, Holmarcom has its sights set on becoming a pan-African powerhouse. HFC’s strategy revolves around strengthening its core insurance and banking operations, diversifying its financial services, and accelerating its footprint in sub-Saharan Africa.
IFC’s entry into HFC’s capital represents a transformative step toward these goals. Beyond expanding access to financial services, the partnership aims to support small and medium enterprises (SMEs), empower women entrepreneurs, and promote financial inclusion.
The partnership is not confined to Morocco; it has a broader ambition to target key sub-Saharan African markets. By funding green initiatives and improving credit access for businesses, this alliance aims to support Africa’s transition toward a sustainable, environmentally conscious economy.
Over the past three years, IFC has invested and mobilized over $1 billion in Morocco, with approximately $600 million allocated in the fiscal year 2024 alone. These investments have targeted strategic sectors, solidifying IFC’s role as a catalyst for economic growth and resilience. The collaboration with Holmarcom exemplifies this mission, turning financial challenges into opportunities across the continent.
