Stay ahead with the latest reports, earnings calls, and market commentary from the Casablanca Stock Exchange.
The Bank of England is expected to cut its key interest rate, while other central banks maintain their rates. BP appoints a new CEO amid disappointing results in its renewable energy transition.
CDG Invest Management, through its Nama Fund I, has signed an investment protocol for a minority stake in Samta Metals & Alloys, focusing on copper and aluminum recycling. This initiative aims to enhance local industrial capabilities and promote sustainable practices.
Sothema has completed the acquisition of 99.99% of Soludia Maghreb's capital. The deal involved purchasing shares from various shareholders and a capital increase.
The money supply in Morocco increased by 7.4% in October, driven by various factors including changes in net claims on the central administration and bank credit growth.
Rochdi Talib has been elected as the president of the Moroccan Federation of Health Service Enterprises during an extraordinary general assembly of the CGEM. This election aims to enhance the representation of health service companies in Morocco.
In November, annual inflation in the Eurozone remained stable at 2.1%, while the overall EU inflation rate decreased to 2.4%. The lowest rates were recorded in Cyprus, France, and Italy.
TGCC and SGTM will collaborate on the construction of a new terminal at Mohammed V Airport, enhancing Morocco's airport infrastructure and capacity. This project follows their previous partnership on the Benslimane stadium.
The Central Popular Bank has appointed Adil Rzal as the new Group Risk General Manager, aiming to enhance governance and risk management amid evolving banking regulations.
Crédit du Maroc has established a strategic partnership with the EBRD, providing a €50 million financing line for green projects. This initiative aims to support energy efficiency, renewable energy, and sustainable construction.
Morocco and KfW have signed three financing agreements totaling 450 million euros to support climate policies, social protection, and transportation infrastructure.
Futures contracts indicate a positive opening for major European indices ahead of central bank meetings. The CAC 40, Dax, FTSE, and EuroStoxx 50 are all expected to rise.
CMGP Group continues its targeted external growth strategy in 2025 with significant acquisitions, enhancing its market position and operational margins. CFG Bank projects strong growth potential for the company.