Horst Kohler

Morocco set to reinforce its combat drone arsenal

Acquiring advanced combat drones has featured as a main component of Morocco’s army modernization efforts with the receipt of 12 Turkish Bayraktar drones and news of an upcoming launch of the manufacturing of Israeli Kamikaze drones in the North African Kingdom. The first batch from Turkey, which is part of an order of 13 Bayraktar […]

Casablanca Stock Exchange reports record oversubscription for Vicenne’s IPO

The initial public offering (IPO) of Vicenne, a leading Moroccan medical equipment company, broke a new record on the Casablanca Stock Exchange with an IPO that was oversubscribed 64 times. The offering attracted over 32 billion dirhams in demand by investors for shares worth just 500 million dirhams, resulting in an unprecedented oversubscription. Vicenne offered […]

Moroccan government to inject additional $1.4 bln in 2025 budget

The Moroccan government is seeking parliament approval to inject an additional 13 billion dirhams, or 1.4 billion dollars, in the 2025 budget to support key state institutions, including water and electricity utility ONEE. Speaking to members of parliament, minister in charge of the budget Fouzi Lekjaa said the additional funds were needed to help ONEE […]