Transaction Summary
The International Finance Corporation (IFC) has provided an 8-year $30 million senior loan to Kazyon Retail Sarlau (Kazyon Morocco), the Moroccan subsidiary of Kazyon Limited (Kazyon), with its Egyptian subsidiary, Tawfeer for Food Products (Kazyon Egypt) as a co-borrower. Kazyon operates in Egypt, Morocco, and Saudi Arabia, following a discount retail model which combines limited stock keeping units (SKUs) and affordability, catering to price-sensitive lower- and middle-income consumers with essential groceries, beverages, cleaning products, and personal care items. Established in Egypt in 2014, Kazyon expanded into Morocco in 2023, now running over 150 stores and a distribution centre. This financing will support Kazyon Morocco’s expansion, funding new stores, distribution centres, and enhanced warehousing and storage capacity. The company aims to open 200 stores in Morocco by the end of 2025 and reach 600 by 2027, with planned expansions into Tangier and Marrakesh. The investment is expected to create over 3,000
