Finance & Business

Three Moroccan banks shine in The Banker’s 2024 African top 100 ranking

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In its latest annual ranking of Africa’s top 100 banks for 2024, The Banker magazine has recognized Morocco’s banking prowess with three major institutions securing positions in the top 10: Attijariwafa Bank (6th) Banque...

Akdital Group reports 70% surge in net profit for H1 2024 !

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Akdital Group's consolidated net profit reached 127 million dirhams (MDH) in the first half of 2024, marking a significant 70% increase compared to the same period in 2023. According to a company statement, the...

Network International expands to Morocco, driving digital payment transformation

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Network International, a leader in digital commerce across the Middle East and Africa, has officially announced its entry into Morocco, marking another step in its strategic expansion into Francophone Africa. With over 30 years...

Dislog Group acquires european food distributor Chef Sam for €40 million

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Dislog Group, a prominent Moroccan conglomerate specializing in consumer goods and healthcare products, has made another bold move in its international expansion strategy by acquiring "Build a Better World - Chef Sam," a European...

Société des Boissons du Maroc sees net income fall to 74.8 million MAD in...

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During the first half of 2024, the Société des Boissons du Maroc recorded a consolidated revenue of 1.115 billion dirhams, down from 1.208 billion dirhams in the same period of 2023. This decline is...

Fenie Brossette posts 12% revenue growth for first half of 2024

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As of June 30, 2024, Fenie Brossette’s consolidated revenue reached 343 million dirhams, marking a 12% increase compared to the same period in 2023. This growth was driven by a positive sales momentum. For the...

Ciments du Maroc’s half-year net income drops 2% amid tax pressures

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The Moroccan cement market recorded a modest growth of 1.1% by June 30, 2024, compared to the same period in 2023. Despite this, Ciments du Maroc saw its revenue for the first half of...

Risma reports group net income of 75 million dirhams for first half of 2024

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Risma has announced a group net income (RNPG) of 75 million dirhams for the first half of 2024, a slight decline compared to the 82 million dirhams recorded during the same period in 2023....

Wafa Connect hosts third edition in Dakar

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Following the success of its previous editions in Abidjan (Côte d'Ivoire) and Douala (Cameroon), Wafa Connect held its third event on Friday in Dakar, Senegal. Organized by Wafa Assurance Group, this gathering has become...

LabelVie Group sets guinness record for largest mille-feuille display

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For LabelVie Group, the start of 2024 is marked by a spectacular achievement! Carrefour Témara has claimed the Guinness World Record for the largest assortment of mille-feuilles ever displayed in a hypermarket. This extraordinary record...

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