Company News

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.

Earlier this year, IFC directly invested $5 million in Brimore, an Algebra Ventures portfolio company and social commerce company, and $20 million in the Ezdehar Fund to help smaller businesses access finance.

The Top Employers Institute, which issues the certificates, is an international certification program that enables organizations to assess and improve their workplace environment and human resource practices.

16 years after it opened its first outlet in Nigeria, Shoprite -- Africa’s largest food retailer, has sold its Nigerian operations to a company owned by a group of local investors led by property firm Persianas Investment, Ketron.