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Multimillionaire Youssef Moamah leads CMGP’s bold push, acquiring 92.5% of CPCM in a MAD 1 billion ($110 million) deal to expand his chemical-agriculture empire.
Morocco’s King Mohammed VI announces a $33 million project for a rehabilitation center offering psychiatric, vocational, and social support.
Bolt is negotiating to acquire Moroccan ride-hailing startup VotreChauffeur.ma, signaling an aggressive North Africa expansion push.
King Mohammed VI opened a sweeping set of projects at Casablanca Port, part of Morocco’s push to elevate the city as Africa’s commercial and tourism hub.
Attijariwafa Bank’s $17 billion market cap surge boosts Morocco’s royal family stake past $8 billion in 2025.
Five new billionaires join Africa’s top ranks in 2025, led by gains in real estate, banking, and tech sectors.
Moroccan-born Catherine MacGregor steers Engie’s global renewables pivot, championing sustainability, innovation, and gender equity in energy.
Oracle launches a seven-floor research center in Casablanca to drive AI and cloud innovation across Africa
Alami Lazraq’s stake in ADI rises to $610 million, fueled by a nearly 8% surge in shares over 25 days.
Mohamed El-Kettani has transformed Attijariwafa Bank into Morocco’s top private lender and a $15-billion African banking powerhouse spanning 27 countries.
Morocco’s wealthiest individuals are driving economic growth, influencing sectors like real estate, finance, energy, and pharmaceuticals, and enhancing Africa's economic footprint.
His vision has transformed Morocco’s insurance sector and shaped Africa’s financial and industrial landscape.
The company argues that the economic conditions that led to the duty in 2022 have changed, making it unnecessary.
Over the past sixteen days, his shares have increased by MAD536.49 million ($53.62 million), continuing the upward momentum seen throughout 2024.
Lazraq, who controls 51.7 percent of ADI, owns 11.4 million shares, making him the largest shareholder in the company.
Bank of Africa led by Moroccan billionaire Othman Benjelloun sees 31.4-percent surge in profit for H1 2024 despite tough economic conditions.