Business

Exxelia Morocco, a subsidiary of French Group Exxelia, inaugurated its new factory in Mohammedia on Thursday, announced the company on the same day. Secretary-General of Industry and Trade Ministry Taoufiq Moucharraf, CEO of the Exxelia Group Paul Maisonnier, and Managing Director of Exxelia Morocco Laurent Guth attended the opening ceremony. The…

Chinese company CITIC Dicastal Group, a world leader specializing in aluminum casting and the production of aluminum automotive parts, opened its third automotive parts factory in Morocco on Wednesday in Kenitra, the company announced. The opening of the new "DMC-Dika Morocco Castings” plant coincides with the five-year anniversary of the…

Moroccan car manufacturer Neo Motors is set to begin selling its first domestically produced automobile this month, and has plans in the works to enlist itself with the Kingdom’s Casablanca stock exchange as it subsequently broadens its scope to electric vehicle production, reported Bloomberg on Wednesday. Neo is currently assembling 3,000 units…

Laraki, a Moroccan brand of sports cars, took the lead among ten African-made cars, according to a report by Africa Business Insider, a leading pan-African provider of innovative business news. The report, entitled "Top Automobile Manufacturers in Africa," highlighted that Moroccan designer and entrepreneur Abdesslam Laraki, who was behind the…

The Spanish manufacturer Talgo plans to participate in the upcoming tenders to be launched by Morocco’s Railway Office (ONCF) for the acquisition of 120 new high-speed trains (TGV), purportedly to reinforce the national network in preparation for the 2030 World Cup, reported Spanish news outlet the La Información on Monday. The Spanish company has…

Maroc Telecom scored fourth among Morocco's 500 largest firms in terms of revenue, according to a report released by the magazine Économie Entreprises in partnership with Kompass. OCP is without a doubt the top Moroccan firm, with 114.4 bln MAD in revenue, followed by the Renault group (50.3 bln MAD). The Office National de l’Electricité et de…

Morocco secured the 8th spot in the rankings of the most developed African financial markets this year with an overall score of 58 points, according to The Absa Africa Financial Markets Index 2023. The study was conducted by the Official Monetary and Financial Institutions Forum (OMFIF) in partnership with South African financial services group…

Global leader in connectors and sensors TE Connectivity cut the ribbon on a new factory at its campus in the Tanger Med industrial port complexe in Tangier on Wednesday. Aiming to strengthen its manufacturing capabilities in Europe, the Middle East, and Africa, the new facility, spanning 20,000 square meters, will offer a wide range of…

Italian Fiat group will produce a new sport utility vehicle (SUV), called the Multipla, at its Stellantis factory in Kenitra, along with the Topolino, Peugeot 208, the eCitroën Ami, and the Opel Rocks-e, according to Spain’s highway website “Autopista.” French magazine L'Argus reported in March that the Fiat Tipo and 500x models would be replaced…

Madrid's Gourmets Fair (Salón Gourmets) chose Morocco to be the honored guest at the 37th edition of Europe's largest festival dedicated to gastronomy and delicatessen goods, which will be held from April 22 to 25, 2024, organizers said on Monday. The event will highlight Moroccan gastronomy while providing the opportunity to discover and enjoy…