Keywords: Acquisition
In a significant development for Morocco's financial sector, the Saham Group has received the green light to acquire Société Générale Maroc, a prominent banking institution. This strategic move, approved by the country's regulatory authorities, marks a pivotal moment......
In a strategic move that underscores its commitment to the North African hospitality market, Pickalbatros, Egypt's leading hotel and tourism group, has announced the acquisition of four prestigious hotels in Morocco. This expansion marks a significant milestone in the company's growth trajectory......
In a critical move to combat the escalating mpox (monkeypox) outbreak, UNICEF has issued an emergency tender to procure vaccines, highlighting the urgency for immediate global action. According to a recent UNICEF report, the outbreak, classified as a public health emergency by both the Africa Centres......
Morocco is poised to make history as the first North African nation to acquire the High Mobility Artillery Rocket System (HIMARS) and Army Tactical Missile Systems (ATACMS) from the United States. This groundbreaking development, reported by defenceWeb, marks a significant milestone in the country's......
In a highly anticipated move, the Moroccan government has officially authorized the Société Régionale Multiservices (SRM) Casablanca-Settat to acquire 100% of Veolia’s shares in the utility company Lydec S.A. This significant development was formalized through Decree 2.24.737,......
In a landmark transaction, the Moroccan government has sold its shares in the legendary Mamounia Hotel to the state-owned OCP Group for a sum of 1.7 billion dirhams ($173 million). This move signals a significant shift in ownership for Morocco's oldest and most illustrious hotel, celebrated globally......
In a potential landmark deal, Google is in advanced talks to acquire Wiz, a cybersecurity startup, for a staggering $23 billion. If finalized, this acquisition would mark the largest in Google’s history. What makes this young company so desirable? Phenomenal Growth Trajectory Wiz was founded......
Casablanca has set the stage for an automotive spectacle as the Avito Expo, the premier used car exhibition, unveiled its second edition on July 1, 2024. This unmissable event in Morocco's pre-owned vehicle market is anticipated to attract 50,000 visitors, surpassing the footfall of its inaugural......
Managem Secures Major Stake in Morocco’s Natural Gas Fields In a strategic move poised to reshape the energy landscape in Morocco, Managem, a prominent player in the mining sector, has announced the acquisition of Sound Energy Morocco, a subsidiary of the British entity Sound Energy. This acquisition......
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