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...
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...
Key insights from “Weekly hebdo taux – Fixed income” by Attijari Global Research
Here are the key insights from "Weekly Hebdo Taux - Fixed Income" by Attijari Global Research (AGR) covering july 12-18:
Money market:
Stable interbank rates:...
Hayan Immo’s unprecedented bond issue strengthens educational vision in Morocco
In an unprecedented move within Morocco's education sector, Hayan Immo, a wholly-owned subsidiary of Groupe Hayan, has successfully executed a private placement bond issue,...
Stellantis expands presence in Morocco with acquisition of Sopriam
Stellantis has announced a two-phase acquisition of Sopriam, a subsidiary of the Al Mada group, starting with an immediate majority control and culminating in...
Samir Cherfan has been appointed Chairman of the Board of Directors at Sopriam
Following the Board of Directors meeting on July 22, 2024, during which Stellantis finalized the acquisition of Sopriam, a subsidiary of the Al Mada...
Chinese auto parts giant APG to invest $70 million in new Tanger factory
Zhejiang Asia-Pacific Mechanical & Electronic Co., Ltd (APG), a leading Chinese manufacturer of automotive braking and control systems, has announced plans to invest $70...
Groupe Rahal plans major expansion into Senegal by 2025
The prominent Moroccan hospitality company, Groupe Rahal, has announced its ambitious plan to establish operations in Senegal by 2025, as part of its broader...
Japan Tobacco International’s new eco-friendly factory rises in Morocco
Japan Tobacco International (JTI) has commenced the construction of its new factory at Tétouan Park within the Tanger Med industrial platform. This significant project,...
Belgian group Macan to invest 1.5 billion dirhams in Moroccan expansion
Belgian group Macan, already established in Morocco since 2015, has announced plans to invest an additional 1.5 billion dirhams over the next five years....