Company News

Moroccan telecommunications operator Maroc Telecom achieved a turnover of MAD 9.1 Billion ($903 million) at the end of March, up by 2.6% compared to the same period last year.

Sygen Pharmaceutical Limited (Sygen Pharma) has now formally introduced its corporate brand to Nigerians. Sygen Pharma plans to drive innovation in the pharmaceutical industry with the aim of promoting overall communal well-being for all Nigerians.

IBM Petroleum Limited has been crowned the Best Growing Oil and Gas Company at the just-ended 9th edition of the Ghana Oil and Gas Awards (GOGA) held at the Kempinski Gold Coast Hotel in Accra.

Chinese telecommunication infrastructure provider Huawei announced on Monday that its operating system MineHarmony OS is entering a “large-scale” commercial use phase, as 5G technology and Artificial Intelligence (AI) take smart mining to a new level.

Koch Ag & Energy Solutions (KAES), an American provider of value-added agriculture and energy solutions, “successfully” completed its acquisition of the Jorf Fertilizer Company III (JCF III). JCF III is owned by OCP Group, Morocco’s phosphates mining and fertilizer giant.

Holcim, a Swiss-based construction material company, announced earlier this week the opening of its first cement production plant in Agadir in southern Morocco.

STMicroelectronics, a French-Italian company specializing in the manufacturing of electronics and semiconductors, inaugurated today a new production line for electric parts in its plant in Bouskoura, located in the Casablanca-Settat region.

Velo West Africa Limited, a leading Ghanaian material solution, has expanded its business across neighbouring countries and is positioned to expand on the African continent.

Morocco’s economy substantially rebounded in 2021, with a GDP of 7.4%, following a pandemic-induced contraction of 6.3% in 2020, according to the EBRD’s latest report on economic forecasts published on Tuesday.