The International Finance Corporation (IFC) is making a strategic move into Morocco’s financial sector by acquiring an 18.62% stake in Holmarcom Finance Company (HFC). This major investment, valued at 1.35 billion dirhams, is currently under review by Morocco’s Competition Council as part of an economic concentration operation.
This partnership, officially announced on December 12, marks a significant step toward expanding financial and insurance access across Africa. A key focus of the collaboration is to bolster funding opportunities for small and medium-sized enterprises (SMEs), particularly those led by women or engaged in climate-related projects. At the same time, the deal will strengthen Holmarcom’s banking and insurance operations.
IFC’s involvement in Holmarcom Finance Company complements its existing stake in Holmarcom Insurance Activities (HIA), the group’s insurance arm. This latest investment follows Holmarcom’s recent acquisition of Crédit du Maroc, a move that solidified its footprint in Morocco’s banking landscape. By joining forces, IFC and Holmarcom are positioning themselves as key players in the country’s evolving financial ecosystem.
Beyond the financial sector, IFC is also driving sustainability efforts in Morocco’s textile industry. Through a $1.7 million technical assistance program, the organization aims to develop a structured recycling system for post-industrial waste. This initiative is designed to help Morocco transition toward a circular economy while meeting the stringent environmental standards of international markets, including the European Green Deal.
Before the transaction can be finalized, it must receive approval from regulatory authorities, particularly the Competition Council. If cleared, this investment will further cement Morocco’s position as a regional hub for finance and insurance, attracting more global players to the market.
