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...
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...
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...
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)...
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....
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...
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...
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...
EV Industry: Morocco’s CDG partners with Gotion High-Tech to launch gigafactory
On November 13, 2024, in Hefei, Khalid Safir, Director General of Morocco’s Caisse de Dépôt et de Gestion (CDG), and Li Zhen, President of...
Orange and GIZ team up to boost sustainable tech jobs for African youth
Orange Africa and the Middle East, in partnership with the German Agency for International Cooperation (GIZ), have announced the launch of "Master Repair," an...