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Keywords: Al mada


Gozem secures $30M funding boost from Al Mada Ventures to expand mobility and financial services in Africa

The Togolese startup Gozem has raised $30 million in a strategic funding round led by Al Mada Ventures, in collaboration with MSC Mediterranean Shipping Company. This investment brings Gozem’s total financing to $45 million since its inception in 2018, marking a significant step in the company’s......

Stellantis Morocco launches first AGV production in Middle East-Africa

Stellantis's manufacturing facility in Kenitra, Morocco, has launched production of Automated Guided Vehicles (AGVs), marking a significant advancement in the region's automotive manufacturing capabilities. The plant aims to produce 1,000 AGVs annually, according to Faro de Vigo. The AGV workshop......

Jorf Lasfar's key role in electric vehicle battery materials production

Jorf Lasfar's industrial port, a cornerstone of Morocco's economy, has reached a significant milestone with the inauguration of the first production lines for Nickel Cobalt Manganese (NCM) used in Precursor Cathode Active Materials (PCAM). This development is driven by Cobco, a subsidiary of......

LafargeHolcim Morocco and Tibu Africa Launch Innovative Sports Education Program in Oujda Schools

In a significant move towards educational transformation, LafargeHolcim Morocco and Tibu Africa have unveiled a groundbreaking sports education program for primary school students in Oujda. The initiative, launched on December 24, 2024, combines sports, technology, and personal development to create......

China and Morocco Deepen Electric Vehicle Battery Partnership

Chinese companies are increasingly investing in Morocco's burgeoning electric vehicle (EV) industry, drawn by the country's strategic location and opportunities tied to U.S. subsidies. A recent article by the South China Morning Post highlighted the growing collaboration, marking a pivotal moment......

Moroccan Firm Challenges Global Spread Market with Strategic Italian Acquisition

In a significant move that could reshape the global spreads industry, Teralys, a subsidiary of Moroccan royal holding company Al Mada, has announced its acquisition of Italian agro-industrial group Nutkao for €450 million. This strategic purchase positions Teralys as a formidable competitor to established......

China Partners with Morocco to Establish Pivotal Electric Battery Hub

In a significant development marking a strategic collaboration between China and Morocco, Chinese companies are channeling substantial investments into transforming the North African nation into a key hub for electric car battery production and export. With investments amounting to at least €2.45......