

Enabling Access to Quality Education in North Africa
Over 90% of the education portfolio revenue directly delivers quality education aligned with SDG 4 Education quality and access remain among the most pressing development challenges across North Africa. In Morocco and Tunisia, public school enrolment rates are high but learning outcomes lag behind OECD benchmarks, with teacher training and curriculum quality cited as structural gaps.
The challenge is compounded by a graduate unemployment paradox: in all three countries, university graduates are more likely to be unemployed than those with only secondary education - a signal of profound mismatch between what educational systems produce and what formal-sector employers need. Private education, including internationally accredited programs, plays a critical complementary role in workforce preparation and human capital development. The challenge is accessibility: high-quality private education has historically served urban, upper-income families, with remote and lower-income communities largely excluded.
SPE Capital partners with a Group that manages a large network of 23 schools, bringing quality education there where it needs it most.
Scale, quality, and inclusion - at the same time
Operating five school brands across Morocco and Tunisia, it has achieved what few education platforms manage: consistent 10%+ revenue CAGR alongside a deepening inclusion commitment. 26% of students come from remote areas and benefit from subsidized tuition, and scholarships now represent 5.8% of revenues. The Group is now targeting UAE expansion, making it one of the portfolio's most credible regional scale stories.
• 17,517 Students enrolled · target 20,000+ by exit
• 24% Teachers trained to AEFE international standards
• 23 Schools supported