THE COMPANY: The leading insurance company in Morocco, Wafa Assurance had a 22.1% market share and a client base of 1.5m at the end of 2011.
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Articles & Analysis | Wafa Assurance: Insurance from The Report: Morocco 2013
Articles & Analysis | Risma: Hospitality from The Report: Morocco 2013
THE COMPANY: Founded in 1993 and floated on the Casablanca Stock Exchange (CSE) since 2006, Risma is the first investment vehicle dedicated to hotel development in the kingdom. With 33 hotels and nearly 4800 rooms, Risma manages the largest hotel chain in Morocco and deploys a unique portfolio of hotels...
Articles & Analysis | Lesieur Cristal: Agribusiness from The Report: Morocco 2013
French group has completed a milestone in its internationalisation process, which is focused on the Maghreb, West Africa and Eastern Europe. SNI has also divested 12.9% of Lesieur Cristal capital equity to several Moroccan institutional shareholders. Following these operations, SNI’s stake in Lesieur Cristal became 22.3%. The transfer of SNI stake...
Articles & Analysis | Groupe Banque Populaire: Banking from The Report: Morocco 2013
DEVELOPMENT STRATEGY: At the local level, the group is contemplating pursuing a strategy of reinforcement. The bank’s development plan provides for a sustained increase in branch openings, with an average of 100 new locations each year. Additionally, the bank would strengthen the market position of...
Articles & Analysis | Groupe Alliances: Real estate from The Report: Morocco 2013
THE COMPANY: The group’s recent positioning in the low- and middle-end segment has been successful. The strategic choice to promote affordable and mid-range housing, as the demand for golf properties fell sharply, has produced its first results: in 2011, the low- and middle-end segment contributed 65% to...
Articles & Analysis | Staking a claim: Foreign direct investment helps to spur sector expansion from The Report: Morocco 2013
With the second-largest insurance market in Africa, Morocco has attracted considerable foreign involvement in the sector. Annual levels of foreign direct investment (FDI) have varied widely, from Dh21.4m (€1.90m) in 2007 to Dh451.6m (€40.1m) in 2009, and back down to Dh301.9m (€26.8m) in 2010. And yet, foreign companies have an established presence...