Finance & Business

Tractafric Motors introduces Great Wall Motor to Morocco

Tractafric Motors, a historic leader in automobile distribution in Africa, has officially launched the Chinese brand Great Wall Motor (GWM) in Morocco. The launch event, held on May 30, 2024, gathered prominent business and...

Orange Maroc and Amazon Web Services join forces at Gitex Africa 2024

Orange Maroc continues its commitment to the Moroccan and African digital ecosystem by partnering with the second edition of Gitex Africa Morocco 2024, held from May 29 to 31 in Marrakech. As a key technological...

Inwi Money and FMCG.ma forge strategic partnership at GITEX Africa 2024

Inwi Money, a subsidiary of the global operator Inwi, and FMCG.ma, an innovative startup in Morocco's consumer goods industry, have announced a strategic partnership during the 2nd edition of GITEX Africa, held in Marrakech...

Managem sells Samine to Atlantic Tin: A strategic mining shift

Managem Group has announced the signing of an agreement with Titan Tin on May 29, 2024, to sell 100% of its shares in SAMINE. Titan Tin, a Moroccan company wholly owned by the Australian...

GITEX 2024: CDG Invest and ACAPS commit to boosting insurtech

CDG Invest, the investment arm of Groupe CDG, and the Insurance and Social Welfare Supervisory Authority (ACAPS) have signed a partnership agreement to invigorate the Insurtech ecosystem in Morocco. This collaboration combines the strengths...

Tamwilcom and ACAPS unite to drive insurtech innovation in Morocco

The National Company for Business Guarantee and Financing (Tamwilcom) and the Insurance and Social Welfare Supervisory Authority (ACAPS) signed a groundbreaking partnership agreement on Wednesday in Marrakech. This collaboration aims to foster the growth...

Cartier Saada: Revenue increases by 3.5% in 2023-2024

Cartier Saada's revenue reached 253.4 million dirhams (MDH) for the 2023-2024 fiscal year, marking a 3.5% increase compared to the previous fiscal year. As of the end of March 2024, export sales accounted for 95%...

Sothema sells its shares in Azerys for 35 million dirhams

The Moroccan Therapeutic Company, Sothema, has announced the signing of a contract to sell its entire 51% stake in its subsidiary Azerys for 35 million dirhams (MDH). "In accordance with the provisions of Article 15...

CTM raises funds to acquire 51% of Africa Morocco Link

The Moroccan Transport Company (CTM) has successfully completed a private bond placement, raising a total of 300 million dirhams from qualified investors. This strategic move was announced by the publicly traded company in a...

Italian group NUTI IVO to establish modern tannery in Morocco

On Tuesday, May 28, 2024, in Rabat, a Memorandum of Understanding was signed with the Italian tannery group NUTI IVO for the creation of a modern tannery in Morocco. The signing ceremony was attended...

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