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Keywords: CDG


OCP Green Water secures MAD 6 billion for desalination expansion and water security

OCP Green Water, a subsidiary of Morocco’s OCP Group, has successfully secured MAD 6 billion (approximately $620 million) in financing aimed at expanding its desalination initiatives. The funding, sourced from the Caisse de Dépôt et de Gestion (CDG), a prominent public financial institution......

Atlantic Re: A New Era for Morocco's Reinsurer

The Société Centrale de Réassurance (SCR) has officially rebranded as Atlantic Re, marking a significant shift in the company’s strategic direction. This announcement coincided with the inauguration of its new headquarters at Casablanca Finance City, reinforcing its commitment......

PayTic accelerates growth with $4 million funding boost

Moroccan fintech company PayTic has successfully secured a strategic funding round of $4 million as part of its Seed extension, solidifying its role in modernizing payment operations on an international scale. The funding was led by a consortium of investors, including AfricInvest, Build Ventures, Axian......

Marouane Abdelati steps into leadership role at MEDZ as deputy CEO of CDG Développement

Marouane Abdelati has been appointed as the President of the Management Board of MEDZ and the Deputy CEO of CDG Développement, marking a significant advancement in his career. Caisse de Dépôt et de Gestion (CDG), Morocco’s state-owned institutional investor, oversees MEDZ, which......

Foundation CDG launches DIGIT@CTION to promote digital social innovation in Morocco

As part of its commitment to fostering social development and digital innovation, the Foundation CDG has announced the launch of DIGIT@CTION, a program aimed at supporting digital social innovation among Moroccan associations. This ambitious initiative seeks to enhance the social impact of the non-profit......

Morocco plans a holding company to align actions of thirteen key public banks and funds

Morocco is exploring the creation of a holding company aimed at unifying the actions of thirteen major public banks and investment funds, as part of a broader reform to manage state-owned assets more efficiently. The National Agency for Strategic Management of State Holdings, responsible for overseeing......

Morocco’s AI ambitions take shape with launch of DXC CDG innovation hub

The DXC CDG Artificial Intelligence Center of Excellence (AI CoE) was officially inaugurated in Salé, Morocco, marking a significant milestone in the nation's drive to establish itself as a prominent player in artificial intelligence. This initiative aligns with the country’s “Morocco......

Moroccan railways secure 2bn dirham green funding

The National Railway Office of Morocco (ONCF) has successfully completed a landmark green bond issuance of 2 billion dirhams (MMDH), marking a significant step toward its 2035 carbon neutrality goal. This latest financial operation, managed by CDG Capital, garnered exceptional market interest with a......

CDG Foundation empowers Moroccan nonprofits with digital transformation program

A groundbreaking initiative called DIGIT@CTION has been unveiled by the CDG Foundation, designed to enhance social impact through digital transformation within Morocco's nonprofit sector. The program offers both technical assistance and financial backing to help Moroccan associations modernize their......