Ithmar Capital and COFIDES: Two key players driving economic development
This week, Ithmar Capital, Morocco's sovereign wealth fund, hosted a high-level delegation from COFIDES, Spain’s development finance company, to strengthen bilateral cooperation. During this...
Tamwilcom mobilizes 21 billion dirhams in financing in first half of 2024
Tamwilcom’s efforts to support both businesses and individuals have resulted in the mobilization of 21 billion dirhams (MMDH) in financing during the first half...
Managem’s net profit declines to 259 million dirhams in H1 2024
Managem's net profit attributable to the group (RNPG) dropped to 259 million dirhams (MDH) in the first half of 2024. This decrease is primarily...
CMI takes steps to resolve competition concerns amid electronic payments dispute
In May 2023, Naps SA filed a complaint with Morocco's Competition Council, accusing the Centre Monétique Interbancaire (CMI) of engaging in anti-competitive practices in...
CIH Bank posts strong results for first half of 2024
CIH Bank continues its upward trend, showing remarkable growth by the end of the first half of the year. Client deposits have reached 76.2...
COSUMAR boosts profitability in H1 2024 as local sugar sales climb
In the first half of 2024, COSUMAR, Morocco’s leading sugar producer, recorded a consolidated revenue of 4.98 billion dirhams, representing a modest increase of...
Auto Hall reports 2.9% sales growth, driven by diverse vehicle portfolio
In the first half of 2024, Morocco's national vehicle market (passenger cars and light commercial vehicles) showed signs of recovery despite a challenging economic...
INVOLYS sees strong Growth in First Half of 2024 with 44% revenue increase
In the first half of 2024, INVOLYS reported a solid financial performance, with total product revenue reaching 25.1 million dirhams (MDH) and a turnover...
Sothema’s international expansion drives 12.1% revenue growth in 1th half of 2024
In the first half of 2024, Sothema, Morocco’s leading pharmaceutical company, navigated a global economic recovery while benefiting from the gradual rollout of Universal...
LabelVie sees steady growth in first half of 2024, net profit up 17%
In the first half of 2024, LabelVie successfully continued its multi-format and multi-channel expansion strategy, opening 11 new stores across Morocco. These included 3...