Textile: SUNRISE Group to invest 4.1 billion MAD in Morocco, creating 11,000 jobs
In Shanghai, Aziz Akhannouch, Morocco's Head of Government, met with Lei Xu, president of the global textile leader SUNRISE Group, which has operations across several Asian countries. The meeting was part of Akhannouch’s visit...
SNGFE partners with Fizazi & Associés to oversee startup financing for F2I
The Société Nationale de Garantie et de Financement de l’Entreprise (SNGFE) has appointed the Fizazi & Associés firm to oversee the deployment of financing provided to startups through the Fonds Innov Invest (F2I). This...
Dislog Group to acquire 51% stake in Fromagerie de l’Atlas
Dislog Group, led by Moncef Belkhayat, is set to acquire 51% of the capital and voting rights of Fromagerie de l’Atlas, marking a strategic move in the company’s growth strategy. This acquisition is part...
Capital raising in Morocco hits 67.77 billion dirhams in first seven months of 2024
Capital raising activities in Morocco soared to 67.77 billion dirhams (MMDH) during the first seven months of 2024, marking a significant rise from the 50.99 MMDH recorded over the same period last year, according...
BMCI set to launch 1.5 billion dirham bond issue
The Moroccan Capital Market Authority (AMMC) has given the green light for BMCI’s upcoming subordinated bond issuance, with a ceiling of 1.5 billion dirhams (MMDH). The AMMC announced its approval of the prospectus on...
SRM takes control of Lydec
The Casablanca-Settat Regional Multiservices Company (SRM) officially became the primary shareholder of Lydec, the utility firm responsible for water and electricity distribution in Casablanca, on Wednesday. According to an official statement released by Lydec on...
SKODA unveils three new models: The KAMIQ, FABIA, and SCALA
SKODA has unveiled three exciting new models, each completely reimagined to cater to performance enthusiasts and modern drivers alike. The latest additions to the SKODA lineup include the compact SUV "KAMIQ," the city car...
Khalid Qalam named president of Gotion Power Morocco
Gotion High-Tech has announced the appointment of Khalid Qalam as President of its Moroccan subsidiary, Gotion Power Morocco SA. Effective September 1, 2024, Qalam will assume executive leadership of the company, supported by General...
Sofac sees 7% growth in banking income, driven by strong demand
Sofac, a leading consumer credit and leasing company in Morocco, reported a consolidated net banking income (PNB) of 385 million MAD for the first half of 2024, marking a 7% increase compared to the...
Sothema reports strong revenue growth by June 2024
The Moroccan pharmaceutical company Sothema has announced a consolidated revenue of 1.328 billion Moroccan dirhams (MAD) for the first half of 2024, marking a 12.1% increase compared to the same period in 2023. This impressive...