Colorado to join MSCI frontier markets small cap index on august 30
Colorado, Morocco's leading paint specialist, is set to join the MSCI Frontier Markets Small Cap Index at the close of trading on August 30. This announcement was made by MSCI, the global leader in...
Interbank market remains stable as Bank Al-Maghrib boosts interventions
The interbank market remained balanced during the week of August 7 to 15, according to a report by Attijari Global Research (AGR). The report, titled "Weekly Hebdo Taux – Fixed income," highlights that interbank...
Colorado reports 5.1% decline in revenue for first half of 2024
Colorado, a leading company in its sector, recorded a turnover of 281.7 million dirhams (MDH) in the first half of 2024, marking a 5.1% decrease compared to the same period in 2023. According to...
AtlantaSanad’s revenue hits 3.1 billion dirhams, boosted by life insurance gains
AtlantaSanad reported a turnover of 3.096 billion dirhams (MMDH) by the end of June 2024, reflecting a slight increase of 0.3% compared to the same period in 2023. This growth was primarily driven by...
Moroccan capital market authority releases july 2024 stock buyback reports
The Moroccan Capital Market Authority (AMMC) has published its monthly reports for July 2024, detailing the stock buyback activities by listed companies. BCP's active trading Banque Centrale Populaire (BCP) was notably active, purchasing a total of...
Bank of Africa dismisses cyberattack claims as ‘fake news’ !
Bank of Africa has strongly refuted recent claims of a cyberattack, categorizing the reports as "Fake News" and dismissing them as baseless. These rumors echo similar falsehoods that circulated back in May, which were...
Moroccan cement giant CIMAF invests in green projects in Burkina Faso
The Moroccan cement conglomerate CIMAF, led by billionaire Anas Sefrioui, is solidifying its presence in Burkina Faso with a substantial investment of 34 billion CFA francs. This significant financial commitment is earmarked for two...
AMMC approves OCP SA’s updated treasury bill issuance program
On Friday, the Moroccan Capital Market Authority (AMMC) granted approval for the annual update of OCP SA’s information dossier related to its treasury bill (BT) issuance program. This updated dossier includes OCP SA’s 2023 reference...
Morocco’s bank credit reaches 1.1 trillion dirhams by june 2024
Here are the 5 key highlights from Bank Al-Maghrib's june 2024 "credit-deposits" dashboard: Bank credit growth: By the end of June 2024, total bank credit in Morocco reached 1,110.5 billion dirhams (MMDH), marking a...
Anouar Invest transforms former auto plant into modern biscuit factory
Less than a year after acquiring the former All Parts Industries automotive accessories factory in Had Soualem, Anouar Invest has fully transformed the site into the Modern Biscuit Factory, marking the group's latest expansion...