CFAO Mobility introduces OMODA and JAECOO SUVs to Morocco
CFAO Mobility Maroc has officially launched two new automobile brands, OMODA and JAECOO, in the Moroccan market with the unveiling of their latest SUV crossovers, the OMODA C5 and JAECOO 7. To mark the occasion,...
Ciments du Maroc expands with acquisition of Asment de Témara and Grabemaro
Ciments du Maroc, a subsidiary of Heidelberg Materials, announced today a significant strategic move: the acquisition of a 62.62% stake in Asment de Témara, a leading cement and ready-mix concrete producer, along with 99.99%...
Chakib Alj steps in to stabilize LJM amid financial turmoil
Following a wave of criticism regarding its financial management, Les Jeunes Maçons (LJM), a small and medium-sized construction company (TPME), has addressed concerns about its situation. Half-owned by Chakib Alj, who has been a...
Immorente Invest: Quarterly dividend schedule for 2024
Starting from September 2021, Immorente Invest adopted an innovative approach to increase the frequency of its dividend distributions, transitioning from an annual payout to quarterly payments. Shareholders now receive four distributions each year instead...
LafargeHolcim Maroc sees mixed results in H1 2024 amid market challenges
Morocco’s domestic cement market showed a slight positive trend during the first half of 2024, though growth was limited to just 1% compared to the same period in 2023, partly due to the calendar...
Sanlam Maroc’s net profit jumps 10.7% in first half of 2024
Sanlam Maroc achieved a net profit of 245 million dirhams (MDH) by the end of June 2024, marking a 10.7% increase compared to 221 MDH in the same period last year. The company attributes...
BCP Group refutes allegations of money laundering and passport revocation
On September 10, 2024, an online media outlet reported that the BCP Group had been fined €130 million for money laundering and had its banking license revoked in Belgium, Spain, and the Netherlands. In...
Crédit du Maroc earns ISO 37001 certification for anti-corruption management
On Tuesday, September 10, Crédit du Maroc held a ceremony at its headquarters, Les Arènes, to celebrate the bank’s achievement of ISO 37001:2016 certification for its Anti-Corruption Management System (SMAC). The event was attended...
YouCan partners with Glovo for 1-hour delivery, expanding e-commerce reach
YouCan, a leading e-commerce platform in Morocco, has announced a strategic partnership with Glovo International, a global leader in multi-category delivery services. This collaboration is set to transform e-commerce logistics with an ambitious promise:...
KWIKS secures 8 million dirhams to transform AI-powered recruitment
KWIKS, the next-generation recruitment platform, has announced a record-breaking fundraising of over 8 million dirhams from Azur Innovation Management (AIM), a firm dedicated to supporting exceptional Moroccan startups and innovative tech companies. This new investment...