Finance in Motion, a global leader in asset management and technical assistance management for development finance, has registered a new regional office in Casablanca, Morocco. The Morocco office is Finance in Motion’s 16th regional office worldwide and, together with Cairo and Nairobi, its third in Africa.
Finance in Motion is the advisor to two development impact funds that are active in the MENA region, the Green for Growth Fund and the SANAD Fund for MSME. This new regional office will strengthen relationships with partner institutions of the funds and other stakeholders in the Maghreb region.
“It is our firm belief that being close to our partners by having physical presence in the target regions of the funds we advise is integral to achieving strong impact, and contributes substantially to our success overall,” says Elvira Lefting, Managing Director at Finance in Motion. “This newest office is important for Finance in Motion and for our development finance portfolio, which has increasing activity not only in Morocco but also the MENA region in general.”
Finance in Motion is one of the world’s leading impact investment advisors, Finance in Motion focuses exclusively on for-profit funds promoting sustainable economic, social and environmental progress in low- and medium-income countries. With EUR 1.7 billion in assets under management, the company leverages development aid through public-private partnerships. In line with the goals of its funds, Finance in Motion promotes long-term relationships and helps partners develop their business. Backed by 16 local offices spread through the more than 20 countries it serves, Finance in Motion advises the following development finance vehicles: the European Fund for Southeast Europe (EFSE), which finances micro-, small and medium enterprises (MSME finance); the Green for Growth Fund (GGF), which targets reduction of energy use and CO2 emissions; the SANAD Fund for MSME in the Middle East and North Africa; and the eco.business Fund, whose goal is the preservation of biodiversity and the sustainable use of natural resources.