Kazyon vs BIM: Morocco’s grocery market heats up as competition intensifies
The Egyptian food retail chain Kazyon has made an impressive entry into the Moroccan market, shaking up the sector with its rapid expansion. In just one year, Kazyon has opened nearly 120 stores across...
Avanti Hotel in Mohammedia up for sale: A prime opportunity for investors
Once a flagship of Mohammedia’s hospitality scene, the Avanti Hotel is once again on the market. This 4-star establishment, previously owned by the now-defunct La Samir refinery, has been listed in a new call...
Bank of Africa reports 37% profit surge in first half of 2024
Bank of Africa has reported a remarkable net income attributable to the group (RNPG) of 1.9 billion dirhams by the end of June 2024, marking a robust 37% increase compared to the same period...
New leadership at AMICA: Rachid Machou takes the helm
Rachid Machou has been unanimously elected as the new President of the Moroccan Association for the Automobile Industry and Construction (AMICA). This decision was made during the Elective Ordinary General Assembly held last Friday...
Akdital Group appoints Ilyas El Harti to drive operational excellence
Ilyas El Harti continues his ascent within the Akdital Group, now appointed as Deputy CEO of Operations, Support, and Transformation. In this newly created position, El Harti will play a key role in driving...
Imane Zaoui appointed CEO of ECP Maroc amid strategic growth
Eczacıbaşı Consumer Products (ECP) Maroc has appointed Imane Zaoui as its new CEO at a pivotal moment in the company's expansion. This strategic move follows ECP's acquisition of Jeesr Industries, a leading player in...
Brahim Benjelloun-Touimi named new chairman of the Casablanca Stock Exchange
On October 14, 2024, the Board of Directors of the Casablanca Stock Exchange convened to officially appoint Brahim Benjelloun-Touimi as the new Chairman of the Board for a two-year term. He succeeds Kamal Mokdad,...
Leading by example: Marjane Group sweeps African Digital and Tilila Awards 2024 !
This week, Marjane Group made headlines by winning four prestigious awards at two key events in the digital and inclusive advertising space: the African Digital Awards at the African Digital Summit (ADS24) and the...
GrowthGate Capital exits Retail Holding with strategic sale to leading consortium
Red Med Corporate Finance, a top-tier investment bank specializing in mergers and acquisitions, market operations, and strategic advisory services, played a pivotal role in advising GrowthGate Capital during the sale of its stake in...
MITC rebrands as MNF Ventures, reinforces commitment to tech startups
MITC Capital, a key player in Morocco's venture capital scene, has officially rebranded as MNF Ventures. This change marks a new chapter for the firm, known for its management of the Maroc Numeric Fund...