MCM, a key player in Morocco’s grain handling and port logistics sector, represents a rare opportunity to invest in a tier-one Moroccan port terminal operator that handles the majority of grain imports into Morocco. Grain is a staple food commodity in the country and an attractive and growing market. The acquisition demonstrates the Fund’s commitment to partnering with like-minded investors to support the growth of ambitious, African businesses. Already well established in Morocco, MCM’s expansion into Senegal and the company’s clear ambition to become a regional leader in West Africa, provides scope for our Fund to add value through Africa50 Group’s regional network and expertise, to a growing business with proven operations, strong anchor backing, and predictable cash flows.