Swift action taken to restore roads after severe floods in Morocco
In response to the severe floods and torrential rains that hit several regions in Morocco, the Ministry of Equipment and Water has launched an urgent operation to restore traffic. This large-scale effort has mobilized...
Moroccan paralympians shine bright with record medal haul at Paris games
Moroccan athletes made an impressive mark at the 17th Paralympic Games, which concluded on Sunday in Paris. Displaying unwavering determination, they hoisted the Moroccan flag high and etched their names into the golden history...
CDG Capital increases capital by 100 million MAD to fuel growth
CDG Capital, a subsidiary of the Caisse de Dépôt et de Gestion (CDG), has bolstered its capital by 100 million MAD, bringing total capital increases to 250 million MAD since 2020. This strategic move...
CDG Invest and Al Mada Venture Cap to co-own ‘Userguest BV’
CDG Invest and Al Mada Venture Cap are set to jointly take control of the Dutch company Userguest BV, which specializes in IT services for the hotel industry. The deal has been submitted to...
Textile: SUNRISE Group to invest 4.1 billion MAD in Morocco, creating 11,000 jobs
In Shanghai, Aziz Akhannouch, Morocco's Head of Government, met with Lei Xu, president of the global textile leader SUNRISE Group, which has operations across several Asian countries. The meeting was part of Akhannouch’s visit...
SNGFE partners with Fizazi & Associés to oversee startup financing for F2I
The Société Nationale de Garantie et de Financement de l’Entreprise (SNGFE) has appointed the Fizazi & Associés firm to oversee the deployment of financing provided to startups through the Fonds Innov Invest (F2I). This...
Dislog Group to acquire 51% stake in Fromagerie de l’Atlas
Dislog Group, led by Moncef Belkhayat, is set to acquire 51% of the capital and voting rights of Fromagerie de l’Atlas, marking a strategic move in the company’s growth strategy. This acquisition is part...
Dacia Maroc launches new Jogger: A versatile family vehicle arriving september 20
Dacia Maroc is gearing up to launch its new model, the Jogger, on September 20. This highly anticipated family-friendly vehicle will be available in both 5- and 7-seater versions, with three trim options: Essential,...
TOC Afrique 2024: Africa’s top chefs to compete in Marrakech culinary showdown
On September 12 and 13, 2024, Marrakech will become the culinary capital of Africa, hosting the prestigious Tournoi Officiel des Chefs Afrique (TOC Afrique). This gastronomic competition will bring together some of the finest...
Capital raising in Morocco hits 67.77 billion dirhams in first seven months of 2024
Capital raising activities in Morocco soared to 67.77 billion dirhams (MMDH) during the first seven months of 2024, marking a significant rise from the 50.99 MMDH recorded over the same period last year, according...