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...
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....
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...
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...