7News Morocco

🔴 Aradei Capital, a leading real estate player listed in Morocco, has announced three Extraordinary General Meetings (EGMs) for its bondholders. These meetings are scheduled to take place consecutively on Monday, February 24, 2025, at the company’s headquarters in Casablanca. The discussions will focus on key issues related to the company’s outstanding bond issues, which collectively amount to an impressive 1.7 billion dirhams. https://urls.fr/FhBsvL

🔴 One year after its strategic acquisition of Majorel, global outsourcing giant Téléperformance has officially launched the transition of Majorel’s employer brand to Téléperformance across all its sites in Morocco and sub-Saharan Africa. Announced in December 2024, this move solidifies the group’s foothold as a major player on the African continent. https://urls.fr/9yK0bH

🔴 Foundever, a global leader in customer service solutions, has announced the appointment of Yassine Guerraoui as the new Communications Director for its operations in Morocco. This strategic move reflects the company’s commitment to expanding its footprint and strengthening its influence in the Moroccan market, leveraging the expertise of this seasoned professional. https://urls.fr/cg64cj

🔴 Morocco is set to revolutionize its transportation infrastructure with an ambitious investment of 96 billion dirhams ($9.6 billion), aiming to modernize the railway network and enhance services by 2030. This large-scale initiative is part of the country’s strategic vision to position transportation as a key driver of economic and social development. https://urls.fr/lHUuqH

🔴 The retail landscape in Morocco is heating up as the country’s leading supermarket chains, Label’Vie and Marjane, gear up to counter the aggressive expansion of hard-discount players like the Turkish giant BIM. With nearly 800 stores already operating across Morocco, BIM has announced a staggering investment of 1 billion dirhams (approximately €96.7 million) over the next three years. The recent inauguration of a logistics hub in Marrakech, attended by Morocco’s Minister of Industry, Ryad Mezzour, and BIM’s CEO, Haluk Dortluoğlu, underscores the brand’s ambitious growth plans. https://urls.fr/1G2Y0h

🔴 The latest report from the High Commission for Planning (Haut Commissariat au Plan – HCP) on the Consumer Price Index (CPI) for 2024 reveals a picture of moderate inflation at the national level, though significant regional disparities persist. In December 2024, the CPI recorded a slight decline of 0.2% compared to the previous month. This decrease is mainly attributed to falling food prices, particularly vegetables, which saw a drop of 3.9%, fruits by 2.3%, and mineral water, soft drinks, and juices by 0.2%. https://urls.fr/nGjTKc

🔴 Agadir, the jewel of southern Morocco, has once again proven its appeal by securing a spot among the world’s most budget-friendly package holiday destinations for summer 2025. According to a recent study by the British consumer organization Which?, this Moroccan seaside resort ranks as the second cheapest travel destination, just behind Dalaman in Turkey. https://urls.fr/oy1_vf

🔴 From February 22 to 26, 2025, Morocco will once again take center stage as it hosts the 49th General Assembly of FANAF (Federation of African National Insurance Companies) in the iconic city of Marrakech. Under the theme “Key Drivers for an Inclusive and Sustainable Insurance Development in Africa,” the event is poised to be a game-changer for the continent’s insurance and reinsurance industry. https://urls.fr/oKi6ty

🔴 Dislog Group, a leading industrial player in the hygiene, food, and healthcare sectors, has taken a major step forward in its growth trajectory. The company recently announced a strategic agreement to open its capital to the European Bank for Reconstruction and Development (EBRD), which will inject $25 million as a minority co-controlling shareholder, alongside the AIF fund managed by SPE Capital. https://urls.fr/xRls4u

🔴 Renault Group Morocco has solidified its position as a key player in the automotive industry in 2024, reaffirming its strategic role within the global operations of the Group. With a record-breaking production of over 413,000 vehicles, the Tangier and Casablanca plants have set new benchmarks for excellence. The Tangier facility achieved an impressive 312,381 units, reflecting a 9% increase compared to the previous year, while the Casablanca plant, SOMACA, crossed the 100,000-vehicle milestone for the first time, posting a 7% growth. https://urls.fr/PpGWTY