La Voie Express denies rumors of sale and affirms strategic growth plans
La Voie Express (LVE) has released an official statement strongly denying persistent rumors about a potential sale of the group to a local industrial player. LVE confirms that no sale or stake acquisition has...
Bank of Africa: BMCE Group proposes new independent board member
The Board of Directors of Bank of Africa – BMCE Group convened on Friday, June 28, 2024, to discuss key strategic initiatives. During this meeting, the Board decided to propose the appointment of a...
Investour Group launches bold ‘Cap 2030’ strategy at 60th anniversary
Investour Group, a leading Moroccan company in tourism, hospitality, transport, and logistics, has unveiled its ambitious "Cap 2030" strategic plan during its 60th-anniversary celebration in Casablanca. This forward-looking plan aims to solidify the group's...
Label’Vie unveils ambitious $703 million expansion plan
Label'Vie, a leading player in Morocco's retail sector, has announced a bold strategy to invest 7 billion dirhams ($703.6 million) to expand its operations over the next five years. This major initiative marks a...
Akdital leads trading activity on Thursday’s stock market
Akdital emerged as the top performer in Thursday's stock market session, recording the highest trading volume with transactions worth 51.97 million dirhams (MDH). Following closely was BCP, which secured the second spot with a transactional...
ILO members reaffirm trust in Hicham Zouanat with unanimous re-election
Hicham Zouanat, President of the Social Commission of the General Confederation of Moroccan Enterprises (CGEM), has been unanimously re-elected as a full member of the International Labour Organization's (ILO) Governing Body. The re-election took...
Aluminium du Maroc mourns the loss of visionary leader Sidi Mohamed El Alami
Sidi Mohamed El Alami, the Chairman and majority shareholder of the Aluminium du Maroc Group, has passed away, the company announced with deep sorrow. "It is with profound sadness that we announce the passing of...
Historic telecom ruling: IAM ordered to pay 6.4 billion dirhams to Wana Corporate
The Casablanca Commercial Court of Appeal upheld a historic ruling against IAM (Itissalat Al-Maghrib) on July 3, ordering the telecom giant to pay 6.4 billion dirhams in damages to its competitor, Wana Corporate. This...
Moroccan banking sector rebounds with 20.4% profit surge in 2023
The Committee for Coordination and Monitoring of Systemic Risks (CCSRS) convened on Tuesday at Bank Al-Maghrib's (BAM) headquarters in Rabat and noted that the banking sector continued to display solid fundamentals in 2023. "In terms...
Resilient Moroccan insurance market sees 6.2% profit increase
Despite rising interest rates, the Moroccan insurance sector managed to maintain its growth in 2023, albeit at a slower pace, according to the Committee for Coordination and Monitoring of Systemic Risks (CCSRS). The sector's revenue...