Keywords: Societe


Morocco's 2025 Cigarette Tax: Budget Brands Face Steep Price Jump

Morocco is set to implement significant price increases on cigarettes in 2025, with entry-level brands bearing the brunt of the adjustment as part of the government's broader tax reform strategy. The move aims to create a more balanced tobacco market by reducing the price disparity between budget......

SGTM Wins $200 Million Final Contract for Kenitra-Marrakech High-Speed Rail Project

Morocco’s new high-speed rail will cut journey times between Tangier and Marrakech from seven hours to just 2 hours 45 minutes by 2029. Morocco’s National Railways Office (ONCF) has awarded the eighth and final lot of civil engineering works for the Kenitra-Marrakech high-speed rail line......

Saham Group Completes €745 Million Acquisition of Société Générale’s Moroccan Subsidiaries

Saham Group has finalized its acquisition of Société Générale’s Moroccan banking and insurance subsidiaries, marking a significant milestone for the company and a notable return to the financial sector for its founder, Moulay Hafid Elalamy. The transaction, valued at......

fghSociété Générale Maroc Reports Steady Profits Through September 2024

Société Générale Maroc has announced nearly stable financial results as of September 30, 2024. Despite slight contractions in certain areas, the bank has demonstrated resilience and growth in key financial indicators.  Credit and Deposits Performance   As of the......

Sonasid Reports 5% Sales Growth Driven by Strategic Investments and Regional Expansion

Sonasid, Morocco’s leading steel producer, has announced a 5% rise in sales, reaching MAD 3.704 billion by the end of September 2024. This growth is attributed to a 12% increase in sales volumes over the first nine months of the year, reflecting the company's effective strategies and investments. A......

Morocco Showcase Summit: A Gateway to Tourism and Investment Opportunities

The inaugural Morocco Showcase Summit: Tourism, Hospitality, Invest is set to take place on November 19-20 at the Marriott Hotel in Casablanca, bringing together a diverse group of international investors, developers, financiers, and hospitality leaders. This summit aims to delve into the myriad opportunities......

Morocco Unveils $735 Million Highway Expansion Plan Ahead of 2030 World Cup

Morocco is set to dramatically expand its motorway infrastructure through a comprehensive MAD 7.74 billion ($735 million) investment plan spanning 2025-2027. The initiative aims to add 1,000 kilometers of new highways to the nation's transportation network, strengthening its position as home to Africa's......

Saham Group's Strategic Move: Acquiring Société Générale Maroc

In a significant development for Morocco's financial sector, the Saham Group has received the green light to acquire Société Générale Maroc, a prominent banking institution. This strategic move, approved by the country's regulatory authorities, marks a pivotal moment......

Casablanca Embarks on a Sanitary Overhaul: 60 Public Restrooms to Grace the City's Streets

In a move to improve public hygiene and provide essential amenities, the Société de développement local (SDL) Casablanca Baïa has launched a significant project to install 60 public restroom facilities throughout the bustling streets of Casablanca. This initiative, which commenced......