Tag: Moroccan Records

13 Moroccan Groups Among North Africa’s Top 20 Companies

Morocco’s telecom operator Maroc Telecom is the largest company in North Africa with a market valuation of $11.8.

13 Moroccan companies feature among North Africa’s top 20 biggest firms in terms of market capitalization, according to a report by African Business, a pan-African business-oriented business magazine.

Leading the charts is Maroc Telecom, Morocco’s leading telecommunication firm, with an $11.8 billion valuation.

Despite topping the list of North African companies, Maroc Telecom slipped from the list of the top 10 companies on the continental ranking. The Moroccan firm’s market capitalization fell from $13.5 billion to $11.8 billion between 2021 and 2022, according to a report by African Business. 

Maroc Telecom ranked 13th in Africa, down from 8th in 2021, the report noted.

With a market capitalization of $10.3 billion, Attijariwafa Bank, Morocco’s largest bank, came in second place on the list of the top 20 largest companies in North Africa.

On the continental level, Attijariwafa Bank fell from the 15th to the 19th in 2022 even as its capital grew by $0.4 billion in the past year, reflecting strong growth in Africa’s business landscape.

Morocco’s Banque Centrale Populaire ranked as North Africa’s third-largest company; the Moroccan banking group was meanwhile ranked 32nd in Africa, with market capitalization having fallen from $5.652 billion to $5.622 billion in the past year. 

LafargeHolcim Maroc construction group ranked fifth in the North African market and 39th in Africa. The group’s market capitalization stood at $4.623 billion, up from $4.167 billion in 2021

The final Moroccan bank to feature on the list of the top 20 largest companies in North Africa is Bank of Africa in 6th place in North Africa and 42nd across the entire continent. The banking group’s market capitalization in 2022 is valued at $4.238 billion, up from $3.563 billion a year before, the report indicates.

Other Moroccan companies featured in the regional ranking include construction materials manufacturer Ciments du Maroc and energy company TAQA Morocco. The two firms are respectively ranked 7th and 8th in the North African market.

Food manufacturer Cosumar Maroc is ranked as the ninth-largest company in North Africa and 61st in the whole of Africa. Meanwhile, Mining company Managem, and Morocco’s national port operator, Marsa Maroc, ranked in the 11th and 12th ranks respectively.

The final Moroccan companies to appear in the ranking in 13th, 15th, and 17th place are Wafa Assurance, Afriquia Gaz, and Total Maroc respectively.

source/content: moroccoworldnews.com (edited)

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13 Moroccan Groups Among North Africa’s Top 20 Companies

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MOROCCO

Moroccan Origin Nora Bloza Entrepreneur of Saudi Dates from Madinah , Makes them Available in Hesse, Germany

Nora Bloza, Founder & CEO – Nakheel Fruits gmbh, Germany

 Dates have always been omnipresent in Nora Blouza’s life. The 37-year-old is from southern Morocco, where her late grandfather once owned a date plantation. “Dates would always be in the house,” she told Arab News.

When Blouza’s Dutch-Moroccan husband came to Germany due to his work in 2018, she followed him with their three children after having lived in the Netherlands for 17 years.

“Originally we planned to just stay for three years,” she said. But the coronavirus pandemic thwarted the family’s plans.

It was during Ramadan last year that her daughter brought up a topic that gave Blouza a new idea. “She reminded me of the high amounts of dates people consume, especially during Ramadan, of the many different types and tastes.”

It was then that Blouza had the idea of launching her own date business in Germany and importing large amounts. Although she was raised on dates, the business itself was something new to her.

As Blouza is Moroccan, her home country and its neighbors Algeria and Tunisia were the first that came to mind as potential suppliers, but none of them met her criteria.

“Saudi Arabia has many different and often unique types of dates,” she said. “Ajwa, for example, is something that only grows in the city of Madinah.”

Blouza undertook research and found a supplier that suited her ideas best: Nakheel Alya, a company in Madinah.

Despite that, it “met my criteria,” said Blouza, who fulfilled her dream and launched her business, Nakheel Fruits, in August 2021.

Boxes of different products such as natural dates, date cookies, and dates covered in chocolate and filled with almonds or walnuts, fill the company’s warehouse in Eppstein, a town in the state of Hesse at the edge of the Taunus mountains.

“We mostly supply supermarkets and individual clients that order our products via our website,” said Blouza

While individual clients are from all over Germany, the supermarkets are mostly from Hesse, with demand rising during Ramadan.

She hopes that her business will grow and expand nationwide. “My dream is that we will develop further and that German customers will discover the quality and diversity of Saudi dates and date products.”

www.nalya.de

source/content: arabnews.com (edited)

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When Nora Blouza’s Dutch-Moroccan husband came to Germany due to his work in 2018, she followed him with their three children. (Supplied)

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GERMAN / NETHERLANDS / MOROCCAN

Moroccan Taekwondo Athletes Win Silver and Bronze Medal in the Spanish Taekwondo Open, Alicante

Three Moroccan Taekwondo champions participated in the Spanish Open this year.

Moroccan athletes Ayoub Bassel and Nada Laaraj have won silver and bronze medals respectively at the Spanish Taekwondo Open.

Morocco’s National Olympic Committee celebrated the news in an Instagram post on April 3.

The Spanish Open championship was organized on April 2-3 in Alicante, Spain, bringing together Taekwondo champions from around the globe. 

Bassel, 26-years-old, won the silver medal in the over 87 kilograms weight class. But the Moroccan champion lost in the final against Spain’s Ivan Garcia after beating the 2018 world champion, Emre Kutalmis Atesli. 

In February, Bassel secured another silver in the Arab Cup Championship in Fujairah, UAE. The Moroccan athlete has participated in over 15 international tournaments. 

Nada Laaraj, 21-years-old, secured the bronze medal after losing against Spain’s Marta Calvo in the semi-final for the under  62 kilograms weight class. 

Laaraj has won three gold medals in international Taekwondo competitions including in the 2022 Arab Cup Championship, 2019 African Games, and the 2018 African Championship. 

In 2021, she secured a silver medal in the African Championship in Dakar, Senegal. 

20-year-old Rabab Ouhadi represented Morocco in the under 49 kilograms weight class. But she did not succeed in obtaining a medal as she ranked 8th in the women’s section after losing in the first round to Italy’s Martina Corelli. 

The athlete started competing internationally in 2018, participating in the Olympic Games qualification in Hammamet, Tunisia. 

In the same year, she clinched a bronze medal in the French Open in Paris before collecting other silver and bronze medals in regional and international Taekwondo championships. 

In February, she represented Morocco along with Bassel and Laaraj in the 2022 Arab championship in Fujairah where she secured a bronze medal. 

source/content: moroccoworldnews.com (edited)

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MOROCCO

Morocco’s UM6P Awarded “Climate Hero” at UN Youth Conference

Morocco’s Mohammed VI Polytechnic University (UM6P) has been recognized as a “Climate Hero” by the Youth Constituency of the United Nations Framework Convention on Climate Change (YOUNGO).

The recognition was announced at the UN Youth Conference on Climate Change (COY16).

UM6P is one of two institutions in the world that have obtained the recognition of Climate Hero, the Sustainable Development Department of UM6P said in a statement, noting that it “dedicates this appointment to all Moroccans and foreign residents in Morocco.”

“UM6P Youth Statement” was the only statement letter representing the vision of young people in the Kingdom of Morocco during COY16 in Glasgow, Scotland, UK.

The declaration, which was elaborated by youth representatives from the UM6P and the local region of Rehamna, featured six themes: climate change, clean energy, sustainable cities and communities, ecomobility, social inclusion, and gender equality.

source/content : moroccoworldnews.com

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Morocco’s UM6P Awarded “Climate Hero” at UN Youth Conference

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MOROCCO

Morocco’s Hannou Oumarouch: Courageous Amazigh Militant and MWN’s Woman of the Year

On the occasion of International Women’s Day, Morocco World News launched a symbolic award, celebrating in a series of articles the outstanding achievements of Moroccan women who have left their imprint on society.

Alongside 10 other strong female leaders, Hannou Oumarouch was placed in special recognition at the top of the list. 

Born in 1961, Hannou Oumarouch is a 64-year-old Moroccan woman who lives in Tilmi, 70 kilometers from Tinghir.

Hannou is known for her courage in addressing and defending women’s concerns in the “Ait Hadido” tribe. She has also been active in the Regional Consultative Commission for Equality and Women’s Issues in the region.

Elected to the Municipal Council for the first time under the banner of the National Rally of Independents, she won an electoral seat for the party in the rural commune of Talmi, which is affiliated with Mesmerir in Tinghir province. 

She was asked to join a Regional Council mission visiting China, where she represented Morocco and drew the attention of the Chinese media owing to her typical spontaneity and Amazigh attire.

She became a member of the Provincial Council of Tinghir, at the end of September 2021, and subsequently Hannou was elected as president of the commission in charge of social development and the family.

source/content: moroccoworldnews.com (edited)

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MOROCCO

UNWTO – World Tourism Organization’s First Regional Office for Africa to Open in Marrakech: December 2021

Morocco’s bid to host the first African office of the World Tourism Organization (UNWTO) was ratified at the 24th session of the Organization’s General Assembly.

The bid was approved amid strong competition from four other African countries, and UNWTO’s first regional office will open in Marrakech.

Morocco’s bid to host the first African office of the World Tourism Organization (UNWTO) was ratified at the 24th session of the Organization’s General Assembly.

The bid was approved amid strong competition from four other African countries, and UNWTO’s first regional office will open in Marrakech.

Ammor led the Moroccan delegation at UNWTO’s General Assembly, which was attended by more than 500 government officials and several tourism professionals from member countries. 

Morocco’s participation shed light on the village of Sidi Kaouki in the province of Essaouira as “Best Tourism Village 2021.”

The seaside village of Sidi Kaouki was selected from more than 170 villages from 75 countries, echoing Morocco’s continuous efforts to build an eco-friendly destination for global tourism.

source/content: moroccoworldnews.com

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UNWTO Regional Office for Africa to Open in Marrakech. Credits: UNWTO

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MOROCCO

Morocco’s Fathallah Sijilmassi Appointed as First Director General of ‘African Union Commission (AU)’ : October 2021

Fathallah Sijilmassi. Diplomat. Leader

The African Union (AU) selected Fathallah Sijilmassi from a wide panel of high-level candidates to become the first Director General in the history of the AU Commission.

His appointment follows his previous  international obligations as Secretary General of the Union for the Mediterranean.

Born in 1966, the Moroccan politician and diplomat holds a PhD in economics from the Grenoble Institute of Political Studies in France.

He occupied different positions within Morocco’s Ministry of Foreign Affairs and Cooperation such as Director of Multilateral Cooperation and Director of European Affairs.

He was appointed as the Moroccan ambassador to France from 2004 to 2008 and upon his return to Morocco, King Mohammed VI named him director of the Moroccan Investment and Trade Agency (AMDIE) in 2009.

Sijilmassi had also been head of the Moroccan mission to the European Union (EU) and was also ambassador of Morocco in charge of the Barcelona Process and the Mediterranean dialogue of the North Atlantic Treaty Organization (NATO).

Fathallah Sijilmassi has been awarded both the French orders ‘Legion of Honor’ and ‘Ordre national du Merite’.

source/content: moroccoworldnews.com

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pix: moroccoworldnews.com

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MOROCCO