Moroccan flag displayed in Sahara

Family-owned firms drive IPO boom on Casablanca Stock Exchange

A new wave of family-owned businesses is reshaping Morocco’s financial landscape as they increasingly turn to the Casablanca Stock Exchange to secure growth and ensure succession. The latest example is SGTM, a heavyweight in Morocco’s construction sector, which is preparing a landmark initial public offering (IPO) scheduled for December 16, Jeune Afrique reported in a […]

Morocco’s competition council delivers its first sanction against Swiss Sika Ag

Morocco’s competition council fined Switzerland’s Sika Ag for its non-compliance with local competition law, the first sanction delivered by the regulator since its creation. Sika Ag had acquired Dry Mix Solutions, both operating in the manufacturing of construction material, without informing or getting approval from the Moroccan competition council in advance. The fine stood at […]

Morocco Signs Onshore Oil & Gas Exploration Deals with Shell & Repsol

Morocco has signed an onshore oil and gas exploration deal with Royal Dutch Shell and Spain’s Repsol covering the region of Souss Massa. The explorations will be carried out at an onshore site in the southern region of Souss-Massa, which covers an area of 9,990 square km, Morocco’s National Office for Hydrocarbons and Mining (ONHYM) […]