Bank Al-Maghrib reduces interest rates: What it means for the economy ?
In a significant and much-anticipated move, Bank Al-Maghrib (BAM) has reduced its key interest rate by 25 basis points. This strategic decision reflects the governor's commitment to a macroprudential approach focused on three main...
AMMC registers AD Capital Finance as a financial advisory firm
On June 21, 2024, the Moroccan Capital Market Authority (AMMC) announced the registration of "AD Capital Finance SARL," headquartered in Casablanca, under registration number DE-CIF-05-24. This registration permits the company to engage in financial...
Dislog Group appoints Younes Iraki as new chief marketing officer
Dislog Group has appointed Younes Iraki as its new Chief Marketing Officer (CMO). With a wealth of experience from prominent multinational companies such as Procter & Gamble and Coca-Cola, Younes Iraki is set to...
Amine Maamri takes helm as new president of APSB
The Professional Association of Brokerage Firms (APSB) has announced the unanimous election of a new Executive Board during its board meeting on Tuesday, June 25, 2024. The newly elected members of the Executive Board are: ...
Egypt’s Kazyon doubles presence in Morocco amidst retail boom !
Egypt has recently become the latest beneficiary of free trade agreements, following Turkey's lead. In just six months, Kazyon, Egypt's leading discount retail chain, has nearly doubled its stores from 50 to almost 100....
Société Générale Maroc announces Mehdi Benbachir as CEO
The Supervisory Board of Société Générale Maroc announced the appointment of Mehdi Benbachir as CEO. Mr. Benbachir will also continue his role as a member of the Management Board. Professional background of Mehdi Benbachir: Before joining Société...
Laprophan expands horizons with major Botanic Pharma acquisition
The Moroccan pharmaceutical group Laprophan has announced its majority acquisition of Botanic Pharma, a company specializing in natural dietary supplements. This strategic move, pending regulatory approvals, aims to bolster Laprophan's presence in European and...
Morocco achieves 44% of business environment improvement goals
Mohcine Jazouli, the Minister Delegate to the Head of Government in charge of Investment, Convergence, and the Evaluation of Public Policies, reported on Monday that 44% of the initiatives outlined in the strategic roadmap...
Akdital gains AMMC approval for 1 billion dirham capital increase
Akdital Group, the leader in private healthcare in Morocco, has received the green light from the Moroccan Capital Market Authority (AMMC) for a substantial capital increase of 1 billion dirhams. This approval represents a...
Chariot and Vivo Energy join forces to enhance Morocco’s natural gas supply
Chariot Limited, a prominent energy group, announced on June 24th the signing of a preliminary agreement with Vivo Energy for the future sale of natural gas from the onshore Loukos license in Morocco. Chariot...