First Independent Mena Newspaper
Moroccan conglomerate Holmarcom is set to deepen the shift toward local ownership in the kingdom’s banking sector with its planned acquisition of BMCI from France’s BNP Paribas, in a deal that underscores the exit of the last French bank from Morocco’s retail lending. After completion of regulatory requirements, Holmarcom plans to merge BMCI with Crédit […]
The merger between Atlanta Assurances and its subsidiary Sanad Assurances took effect Monday as both firms held a joint board meeting. Groupe Holmarcom, owner of the two firms, in a statement said Atlanta will engulf Sanad in a move that will enable the insurance service company to bolster its positioning in the insurance industry in […]
Eight Moroccans have featured among the top 10 African Francophone leading businesswomen in a ranking established by the renowned Paris-based Jeune Afrique. Miriem Bensalah-Chaqroun, leader of the General Confederation of Moroccan Companies (CGEM, employers’ union) tops the ranking. She received recognition from Jeune Afrique, which reports that the 53-year old woman, who also heads the […]