The International Finance Corporation (IFC) strengthens its partnership with Kazyon to develop the discount food sector in Morocco, which improves access to high -quality food and tens of thousands of jobs, especially for young people and women in rural areas.
“Access to high -quality and affordable basic products is important to guarantee nutritional security and to improve a living“Explains Cheick-Ome Sylla, director of IFC for North Africa and the Horn of Africa.
A loan of 30 million US dollars will help Kazyon increase its network of shops and logistics capacities and thus generate more than 3,000 direct jobs.
Kazyon was founded in Egypt in 2014 and has more than 1,000 shops in 22 governorates. In Morocco, which was introduced in 2023, the company already manages more than 150 shops.
This project aims to modernize the retail sector in Morocco and contribute to nutritional security. Kazyon undertakes to promote the gender equality in his recruitment process.
IFC will also support the implementation of environmental and social management practices in accordance with their standards.
This partnership is part of the World Bank for Morocco (2019-2025) and its gender strategy 2024-2030. “” “”We are proud to strengthen our long partnership with IFC, among other things“Hassan Hekal, founder and executive president of Kazyon.
It is known that IFC has mobilized 1.6 billion US dollars in Morocco for sustainable private development in the past three years.
