Capital goods distributor Groupe Premium raises US$4.9m debt fund from DEG

MOROCCO – Groupe Premium, the Casablanca-based capital goods distributor and a part of Amethis Fund, has raised €4 million (US$4.9 million) debt funding from German development finance institution DEG under the AfricaConnect programme to develop its activities in West Africa.  This loan targets in particular the financing of Groupe Premium’s subsidiaries in Cote d’Ivoire and Burkina Faso to support their growth in these new markets.  A family business created in 1949, Groupe Premium has established itself over the years as a key player in the distribution of capital goods In Morocco.   It has exposure to segments like…

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