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PayTic accelerates growth with $4 million funding boost

Moroccan fintech company PayTic has successfully secured a strategic funding round of $4 million as part of its Seed extension, solidifying its role in modernizing payment operations on an international scale. The funding was led by a consortium of investors, including AfricInvest, Build Ventures, Axian......

PharmaNutra Expands Its Reach to Morocco, Bahrain, and Peru

Italian pharmaceutical and nutraceutical company PharmaNutra has recently made significant strides in its international expansion by signing agreements to distribute its health products in Morocco, Bahrain, and Peru. This development marks a key milestone as the company continues to grow its presence......

Standard Chartered considers expansion into Morocco to boost African presence

Standard Chartered Plc is contemplating a strategic expansion into Morocco as part of its growth initiative across key African markets. This move aligns with the London-based bank's broader objective to enhance its wealth management and transaction banking services throughout the continent. Chris......

Air Arabia Maroc launches direct flights from Nador to Murcia

Air Arabia Maroc has announced the introduction of a direct flight route connecting Nador and Murcia, set to commence on May 3. This initiative is part of the airline's broader strategy for international expansion. The new service will operate three times each week, specifically on Mondays, Tuesdays,......

Morocco's ambitious airport expansion plan aims for 80 million passengers by 2030

The Moroccan government has unveiled a bold initiative to increase the capacity of its airports from 30 million to 80 million passengers by 2030, as announced by Minister of Transport and Logistics Abdessamad Kayouh. This strategic plan is part of the “Airports 2030” initiative led by the......

ONCF awards Italian GCF contracts for high-speed rail extension to Marrakech

The Office National des Chemins de Fer (ONCF) has awarded two construction contracts to the Italian company Generale Costruzioni Ferroviarie (GCF) for the extension of the high-speed rail line connecting Tangier and Kenitra to Marrakech. GCF will lead a consortium that includes its subsidiaries Transalpes......

JYSK expands into Morocco with first African stores

The Danish home furnishings chain JYSK has chosen Morocco, specifically Casablanca, as the location for its inaugural store on the African continent. The company announced the simultaneous opening of two stores in the economic capital, as highlighted in a press release received by La Relève.......

Alstom to deliver 18 high-speed trains to Morocco for enhanced connectivity

French company Alstom has announced its commitment to provide Morocco with approximately 18 high-speed trains of the "Avelia Horizon" model, as part of the kingdom's railway network expansion. In a statement released recently, Alstom, a global leader in sustainable smart transport, confirmed......

Granal partners with Red Med Private Equity for accelerated expansion

Granal, a key player in the quarrying industry and a subsidiary of Africorp Mining, is advancing its development with the entry of Red Med Private Equity (RMPE) into its capital. This strategic partnership sees the investment of RMPE's Colombus 1 fund, acquiring a 20% stake in Granal. This move will......