CDC-Africa applauds Morocco’s landmark in local Mpox test production
The Africa Centres for Disease Control and Prevention (CDC-Africa) has hailed a groundbreaking achievement in the continent’s health landscape: Morocco’s first locally produced PCR test for Mpox detection. Developed by Moldiag, a company affiliated...
Corporate investors: The driving force behind ‘OPCVM’ success
In the intricate landscape of Morocco’s financial market, collective investment schemes, known as OPCVM (Organismes de Placement Collectif en Valeurs Mobilières), continue to be fundamental players on the Casablanca Stock Exchange. However, their success...
CFG Bank posts robust 36% revenue growth by september 2024
CFG Bank reported consolidated net banking income (NBI) of 678 million dirhams (MDH) at the end of September 2024, marking a solid 36% increase compared to the same period in 2023. The bank’s core...
Bank of Africa UK secures $300M from Indian banks to fund African infrastructure
Bank of Africa UK, acting as the sole lead arranger and bookrunner, has successfully raised $300 million from a consortium of seven leading Indian banks to support Africa Finance Corporation (AFC) in its mission...
QatarEnergy and OCP Nutricrops team up for global food security
Amid growing global food security challenges, QatarEnergy and OCP Nutricrops, the plant nutrition subsidiary of Morocco’s OCP Group, have signed a strategic sulfur supply agreement aimed at enhancing sustainable agriculture. Under this ten-year partnership,...
Barid Cash and AXA agents partner to expand financial services across Morocco
In a significant step toward enhancing financial accessibility in Morocco, Barid Cash has partnered with the Association of AXA Assurance Maroc General Agents (AGIR) to bring its services closer to the Moroccan public. This...
TAQA Morocco: Operational resilience and strategic investment focus
TAQA Morocco has reported robust operational performance for the first nine months of 2024, withstanding a dip in coal prices and scheduled maintenance adjustments. The energy giant recorded an overall production availability rate of...
Groupe Premium’s sale in jeopardy as UNATRAC terminates agreement
On July 18, 2024, SRM announced that UNATRAC Holding Limited (UHL) had decided to withdraw from its acquisition agreement for a 51% controlling stake in Groupe Premium S.A. The deal, originally struck on July...
Al Omrane secures 300 million dirham bond to drive urban development in Morocco
In a strategic financial move, Morocco’s Al Omrane Holding has successfully issued a bond worth 300 million dirhams, targeting institutional investors through a private placement. This latest bond issue serves as a crucial part...
Groupe Bennani unveils bold bond issue to drive growth at ‘Best Financière’
Moroccan economic heavyweight, Groupe Bennani, is making waves again, with a strategic bond market entry. After successfully navigating capital markets with its subsidiaries, Label’Vie and Aradei Capital, the group’s low-profile holding company, Best Financière,...