Akdital Group reports 70% surge in net profit for H1 2024 !
Akdital Group's consolidated net profit reached 127 million dirhams (MDH) in the first half of 2024, marking a significant 70% increase compared to the same period in 2023. According to a company statement, the...
Network International expands to Morocco, driving digital payment transformation
Network International, a leader in digital commerce across the Middle East and Africa, has officially announced its entry into Morocco, marking another step in its strategic expansion into Francophone Africa. With over 30 years...
Nasser Bourita meets with Staffan Di Mistura in New York
Morocco’s Minister of Foreign Affairs, African Cooperation, and Moroccans Living Abroad, Nasser Bourita, held discussions with the Personal Envoy of the UN Secretary-General for the Moroccan Sahara, Staffan De Mistura, on Sunday in New...
Dislog Group acquires european food distributor Chef Sam for €40 million
Dislog Group, a prominent Moroccan conglomerate specializing in consumer goods and healthcare products, has made another bold move in its international expansion strategy by acquiring "Build a Better World - Chef Sam," a European...
Moroccan economy grows by 2.4% in Q2 2024 amid sectoral divergences (HCP)
In the second quarter of 2024, Morocco's economy posted a growth rate of 2.4%, slightly down from 2.5% in the same period in 2023, according to the national accounts. This modest growth was driven...
Moody’s confirms Morocco’s Ba1 rating with stable outlook
On September 27, Moody's reaffirmed Morocco's Ba1 rating for its long-term obligations and senior unsecured debt, maintaining a stable outlook. This decision highlights the country's robust institutional foundations and balanced external position, while also...
Société des Boissons du Maroc sees net income fall to 74.8 million MAD in...
During the first half of 2024, the Société des Boissons du Maroc recorded a consolidated revenue of 1.115 billion dirhams, down from 1.208 billion dirhams in the same period of 2023. This decline is...
Fenie Brossette posts 12% revenue growth for first half of 2024
As of June 30, 2024, Fenie Brossette’s consolidated revenue reached 343 million dirhams, marking a 12% increase compared to the same period in 2023. This growth was driven by a positive sales momentum. For the...
Ciments du Maroc’s half-year net income drops 2% amid tax pressures
The Moroccan cement market recorded a modest growth of 1.1% by June 30, 2024, compared to the same period in 2023. Despite this, Ciments du Maroc saw its revenue for the first half of...
Risma reports group net income of 75 million dirhams for first half of 2024
Risma has announced a group net income (RNPG) of 75 million dirhams for the first half of 2024, a slight decline compared to the 82 million dirhams recorded during the same period in 2023....