IFC new managing director Senegalese Makhtar Diop

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 […]

Moroccan stock exchange, Mauritania’s central bank team up to set up stock market in Nouakchott

Mauritania’s central bank has picked Casablanca stock exchange as a partner to help it set up the country’s first stock market in Nouakchott. This breakthrough agreement is in line with the momentum ushered by King Mohammed VI and president Mohamed Ould El-Ghazouani in favor of promoting cooperation between the two countries. The opening of Mauritania’s […]

Diplomatically outflanked, Algeria waves ‘general mobilization’

Engulfed in crises with its most important neighbours and EU partners, the Algerian regime beats the drums of war by adopting a law on the general mobilization of troops. From a diplomatic crisis to another, the Algerian regime has adopted a provocative approach that led to cutting ties with Morocco, tension with Sahel countries (Mali, […]