Morocco tycoon Chakib Alj warns Middle East war is hitting supply chains
Morocco’s top business lobby says rising costs, port congestion and shipping delays are squeezing companies as the Middle East war disrupts trade.
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Morocco’s top business lobby says rising costs, port congestion and shipping delays are squeezing companies as the Middle East war disrupts trade.
Chakib Alj's Cap Holding has formally notified Morocco's Competition Council of its plan to acquire 68% of flour and pasta producer Forafric Maroc.
Chakib Alj is restocking Forafric’s mills in Meknes and Marrakesh ahead of Ramadan, tightening his grip on the debt hit flour producer.
Cap Holding boss Chakib Alj is in talks to seize control of debt-laden Forafric, raising prospects of a shake-up in Moroccan milling.