Atacadão expands with 15th hypermarket in Taourirt
Atacadão, the hypermarket brand of the LabelVie Group, continues its territorial expansion with the inauguration of its 15th store in Taourirt, located in the Oriental region. This new outlet, situated in the industrial district...
Allianz Services opens new office in Morocco’s CasaNearshore hub
Allianz Services, a subsidiary of the Allianz Group, one of the world leaders in insurance and asset management, has inaugurated its new office in Morocco, located at CasaNearshore, the largest offshoring hub in the...
LG Energy Solution plans low-cost EV battery plant in Morocco
LG Energy Solution (LGES), the world's second-largest manufacturer of electric vehicle batteries, is considering establishing a factory in Morocco. This plant would produce low-cost lithium iron phosphate (LFP) batteries for the European market in...
Société Générale Maroc launches “Un Été au Maroc” for Moroccans living abroad
Société Générale Maroc is dedicating its resources to serve Moroccans living abroad, placing them at the center of its priorities. This commitment highlights the bank's efforts to strengthen its connections with Moroccans residing abroad...
Maroc Telecom reports solid revenue growth driven by “Moov Africa” subsidiaries
The Maroc Telecom Group reported consolidated revenues of 18.26 billion dirhams (MMDH) by the end of June 2024, marking a 0.9% increase. This growth is primarily driven by the performance of its Moov Africa...
Moroccan banks achieve 32% profit growth in Q1 2024 despite higher provisions
Moroccan banks demonstrated exceptional resilience in the first quarter of 2024, recording a 32% increase in net profit compared to the previous year, according to a Fitch Ratings report published on July 22. This...
TGCC diversifies financing with 450 million dirhams bond issue
As part of its financing plan, TGCC conducted an ordinary bond issuance on July 22, 2024, amounting to a total of 450 million dirhams. This operation was carried out through a private placement with...
AMMC and APSB chart new roadmap for Casablanca stock exchange
Nezha Hayat, President of the Moroccan Capital Market Authority (AMMC), met with the new executive board members of the Professional Association of Brokerage Firms (APSB) last week to discuss the outlook for the Moroccan...
Kenitra Gigafactory rises: Pioneering Africa’s electric vehicle battery production
On Tuesday, Minister of Investment Mohcine Jazouli met with Chen Li, President of Gotion High-Tech, to review the progress of the gigafactory project in Kenitra. This strategic project, signed on June 6, is advancing...
AMMC approves annual update for “Immorente Invest’s” commercial paper program
The Moroccan Capital Market Authority (AMMC) has approved the annual update of Immorente Invest's commercial paper issuance program. This program has a ceiling of 300 million dirhams (MDH), with each unit valued at 100,000...