Uber Technologies is set to invest $100 million in Pony AI, a leading Chinese robotaxi company, as part of a strategic move to deepen its foothold in the rapidly expanding autonomous vehicle market. The investment will be made via Pony AI’s initial public offering (IPO) in Hong Kong, which launched......
Tesla has officially commenced recruitment efforts in Morocco, marking a significant step in its African expansion strategy. The electric vehicle giant is seeking a Country Sales & Delivery Leader to spearhead its operations in the country, signaling the start of commercial activities in Morocco. The......
ASICS, the renowned Japanese sportswear brand, has reinforced its footprint in Morocco through its official partnership with Planet Sport, the exclusive distributor of the brand in the country. Marking this collaboration, ASICS has introduced the GEL-KAYANO™ 32, the latest evolution of its iconic......
Marjane’s Board of Directors announced Mourad Alem as the company’s new president and CEO, replacing Ayoub Azami, who will assume a new role within the Al Mada Group. Alem brings over 30 years of international experience in the home appliance and equipment industry, having led regional operations......
Cosumar, Morocco’s leading sugar operator, has appointed Imad Ghammad as its new Chief Executive Officer (CEO), succeeding Hassan Mounir, who is stepping down due to health reasons. The decision was finalized during a Board of Directors meeting chaired by Hicham Belmrah. The Board expressed its......
Gentis, a global executive search and recruitment firm, has appointed Fayçal Lahlou Nabil as Executive Director for the Middle East and Africa (MEA) region. In his new role, Nabil will lead the company’s operations across the region, focusing on driving growth, strengthening client relationships,......
Buildings & Logistics Services (BLS), a subsidiary of H&S Invest Holding chaired by Moncef Belkhayat, has signed a groundbreaking MAD 120 million ($12 million) contract with Varun Beverages Morocco, the exclusive franchisee and producer of PepsiCo brands in the country. The agreement marks the......
Tesla has unveiled a groundbreaking compensation plan for its CEO, Elon Musk, potentially valued at $1 trillion. The proposal, which could become the largest executive pay package in corporate history, will be presented to shareholders for approval at the company’s annual meeting on November 6......
OCP Africa has appointed Hajar Alafifi as its new CEO, effective September 1, marking a strategic milestone in the organization’s ambition to revolutionize agriculture across the continent. This decision brings a globally accomplished executive back to Morocco to lead a vision focused on sustainable......
TCE has officially opened its inaugural African office at Casablanca Mohammed V Airport (CMN), marking a pivotal milestone in the company’s global expansion strategy. This move aligns with Morocco’s ambitious “Airports 2030” plan, which envisions transforming the country into......
Egyptian technology and IT solutions provider 2B has officially inaugurated its first retail store in Casablanca, marking a significant step in its strategy to expand across North Africa. This move follows the company’s successful operations in Egypt, Saudi Arabia, and China, and aims to provide......
The catchy "Mercadooona, Mercadona" jingle has become inseparable from Spain's most popular supermarket. Played across all 1,637 Mercadona stores, it’s a tune that millions recognize instantly. But how did it come to life, and who was behind its creation? A five-minute inspiration The......
Gabon’s President Brice Clotaire Oligui Nguema recently hosted Mohammed Bouzoubaa, CEO of Morocco’s leading construction group TGCC, to discuss key infrastructure projects aimed at modernizing the country. The talks centered on priority initiatives, including university hospital centers,......
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