France is redefining its African strategy at the Nairobi summit. Despite the end of the francophone sphere of influence, French companies continue to invest massively on the continent. In this framework, Morocco is establishing itself as a strategic hub.
The Holmarcom group acquires 67% of BMCI from BNP Paribas. This historic operation marks the exit of French retail banks from the Kingdom and paves the way for a major merger with Crédit du Maroc.
Forbes Middle East has published its annual ranking of the 100 most powerful businesswomen in the region. This year, 4 Moroccans are featured in this ranking, saluting their leadership and success in various sectors.
The French bank Crédit Agricole SA has sold an initial tranche of 63.7% of its stake (50.9% by HFC and 12.8% by AtlantaSanad) in Crédit du Maroc to the Moroccan group Holmarcom.
The Société des eaux minérales d’Oulmès intends to demonstrate its solidarity in the fight against the coronavirus pandemic. It announces that it will provide free public hospitals in Morocco with one million bottles per week for the entire duration of the state of health emergency.