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...
Aradei Capital announces second major capital increase of 2024
Aradei Capital, continuing its strong momentum from earlier this year, has announced plans for a second major capital increase in 2024, aiming to raise 400 million dirhams. This new capital increase follows a successful...
Atacadão expands to Béni Mellal, opening its 16th store in Morocco
In line with the LabelVie Group's ambitious "Vision 2028" development plan, Atacadão continues its regional expansion by opening a new store in Béni Mellal. This follows the recent inauguration of their Taourirt store on...
Kazyon market’s rapid expansion: 100 stores in Morocco within a year !
In less than a year, Kazyon Market has achieved the remarkable feat of opening 100 stores across Morocco, solidifying its position as a new leader in the hard-discount retail sector. The Egyptian chain has...
Silver boost: SMI sees 7% growth in first half of 2024
The Société Métallurgique d'Imiter (SMI) has reported a remarkable revenue of 571 million dirhams (MDH) for the first half of 2024 (H1 2024), marking a 7% increase compared to the same period in 2023. This...
Aramex expands in Morocco with three new strategic locations
Aramex, a global leader in logistics and transportation solutions, has announced the opening of three new offices in Morocco, strategically located in Kénitra, Essaouira, and Beni Mellal. This expansion brings the total number of Aramex...
Abdeslam El Alami appointed chairman and CEO of “Aluminium du Maroc”
The Board of Directors of Aluminium du Maroc, during its meeting on July 29, appointed Abdeslam El Alami as the Chairman of the Board. His term as chairman will align with his tenure as...