IFC and Kazyon Strengthen Partnership to Boost Morocco's Food Retail Sector, Create Jobs
Egypt, March 11 -- IFC is extending its partnership with Kazyon Group to support the development and expansion of Morocco's discount grocery retail sector, improving access to quality food and creating tens of thousands of jobs, especially for young people and women in rural areas across the country.IFC's $30 million loan to Kazyon will help the company expand its operations in Morocco, increasing its retail stores, warehousing, and storage capacity. The expansion plan is expected to create more than 3,000 direct jobs.Established in 2014, Kazyon Egypt has become the country's largest discount grocery retailer with more than 1,000 grocery retail stores and five distribution centers across 22 governorates. Kazyon Morocco, established in 2023,...
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