Africa50 Announces Agreement to Invest in Holged Group
- Africa50’s investment in Holged Group, a leading provider of primary and secondary education in Morocco and Tunisia, will support the expansion of Holged’s network of schools across Africa.
Casablanca, 5 October 2022. Africa50, the pan-African infrastructure investment platform, has entered into an agreement to invest in Holged Group (Holged) subject to approval by Morocco’s Competition Council. The investment will further accelerate the expansion of Holged’s network of schools across Africa.
Holged has built a reputation for excellence, with high-quality teaching and serving more than 16,000 students in its 16 campuses across Morocco and Tunisia. Since commencing operations in 1986, Holged has recorded remarkable success in providing access to quality primary and secondary education that caters to several market segments through its various group of schools such as El Yassamine and Al Jabr in Morocco, and ISC in Tunisia.
Ahmed Benyahia, CEO of Holged, commented “We are very proud to have Africa50 among our shareholders and strategic partners. This partnership will undoubtedly allow us to accelerate our development in the region, to consolidate our leadership and maintain a dynamic movement in the service of our ecosystem, alongside a leading continental investment platform”.
“We are pleased to collaborate with a partner that has a long track record of academic excellence”, said Raza Hasnani, Managing Director, and Head of Infrastructure Investments at Africa50, adding “This partnership is aligned with our group’s strategy to expand its investment scope to social sectors that generate significant development impact while delivering attractive investment returns”.
About Africa50:
Africa50 is an infrastructure investment platform that contributes to Africa's growth by developing and investing in bankable projects, catalysing public sector capital, and mobilizing private sector funding, with differentiated financial returns and impact. Africa50 currently has 32 shareholders, comprised of 29 African countries, the African Development Bank, the Central Bank of West African States (BCEAO), and Bank Al-Maghrib. For more information, visit: www.africa50.com.
About Holged:
Founded in 1986, Holged is a leading K-12 education group with over 15,000 students across 4 school brands (notably, Ecoles Yassamine, Jouri, Al Jabr in Morocco and ISC in Tunisia) and 16 campuses. Over the past few years, Holged has established itself as one of the leading private education group in Morocco and Tunisia, on the back of a continued organic growth as well as successful acquisitions both in Morocco and Tunisia, visit (Ecoles Al Jabr, Ecoles Yassamine, ISC Tunisia).
Media Contacts:
Africa50: Nana Boakye-Yiadom, Senior Communications Coordinator, Tel: +212666166308, n.boakyeyiadom@africa50.com
Holged: Fatima Zahra Rahmouni, Director of Communications, Tel: +212665767462, f.rahmouni@holged.com
Category: Press Release