Tana Africa Capital exits education group

Tana Africa Capital has exited its investment in Morocco’s International Education Group (IEG). In its place, Globeducate, with its portfolio of over 60 bilingual and international schools across 12 countries, has secured shares in IEG, following regulatory approval from Morocco.

IEG, established in 2015, is a network of schools with more than 4,500 students across three schools in Morocco (Lycée Français Guy de Maupassant in Casablanca, Lycée Français Sophie Germain in Rabat, and École Trilingue Internationale in Casablanca) and one school in the Netherlands (International French School in Amsterdam).

Robert Leke, principal at Tana Africa Capital commented, “It has been a great privilege for Tana to participate in the development of IEG since its creation in 2015 alongside Saham. We are extremely proud of what we have accomplished to date. We firmly believe that Globeducate, with over half a century of experience in international education, is the best partner to work with IEG to write the next exciting chapter in its history. On behalf of Tana and our shareholders, I would like to thank Saham and the IEG teams and wish them much success.”

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