馃嚥馃嚘MoroccoNorth Africa
Casablanca Stock Exchange maintains investor confidence despite Middle East tensions
via Le Matin4 min read
The 5th Annual Investor Conference aims to strengthen dialogue between listed companies and institutional investors, allowing companies to present their equity story, results, prospects, development projects, and strategic priorities. This event enhances transparency and information quality while fostering structured exchanges between Moroccan issuers and both local and international investors. Khadija El Moussily notes that investors approach the Moroccan market with increased caution due to geopolitical tensions, but without questioning its fundamentals. The MASI index showed resilience, with a slightly positive performance of +1.7% between February 27 and May 18, 2026, outperforming the CAC 40 and STOXX 600. Investors remain selective but value domestic fundamentals such as growth, investment visibility, earnings momentum, and a relatively solid macroeconomic framework. BKGR forecasts controlled inflation around +1.0% in 2026. A persistent external shock, such as sustained high oil prices, could increase imported inflation, impacting corporate margins, delaying monetary easing, and increasing investor selectivity. In such a scenario, the market would favor companies capable of preserving margins. Dounia Filali states that major projects, including those for the 2030 World Cup, are part of a long-term strategic vision and are not expected to be impacted by geopolitical tensions. Morocco's institutional stability, access to international financial markets, private sector mob
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The Royal Moroccan Football Federation FRMF director committee met on Friday, July 17, to discuss the national leagues' performance and future projects for Moroccan football development. Abdeslam Belgchour, president of the National Professional Football League LNFP, presented key indicators for Botola Pro, including a total budget of 965 million dirhams. His presentation covered digital transformation from 2022 to 2026, modernization of competition management, and improved services for clubs. It also addressed the transfer market, training centers, qualified players, foreign player presence, and movements between professional clubs, amateur teams, and youth categories. Sportingly, the FRMF director committee approved an LNFP proposal to postpone Botola club matches when more than three of their players are called up to the national team. This measure aims to ensure fair play and prevent clubs with many national team players from being disadvantaged during championship rounds. Fouzi Lekja芒, president of the FRMF, outlined the next phase of reform, emphasizing the autonomy of national leagues while maintaining close coordination with the Federation and adherence to regulations. Leagues must establish new headquarters by the end of 2026 to improve working conditions and governance. The FRMF also plans to enhance match organization and implement a new fan support model to strengthen stadium security, improve public services, and professionalize match management. Youth championsh
A new survey, AUSIM猫tre 2026, reveals that while cybersecurity maturity is improving in Moroccan organizations, digital sovereignty remains a significant weakness. The annual barometer, conducted by the Association of Users of Information Systems in Morocco AUSIM in partnership with PwC, found that only 35% of organizations have a satisfactory level of maturity in digital sovereignty, the lowest score among seven evaluated pillars. The overall cyber maturity index increased to 56% from 49% the previous year, indicating better governance, investments, and risk management. However, 60% of surveyed organizations heavily rely on cloud service providers, and 70% lack a formal reversibility strategy to retrieve data or switch providers. Furthermore, 38% have no such mechanism, and 32% are still developing one. Cybersecurity is becoming more strategic, with 59% of organizations dedicating over 5% of their IT budget to it in 2026, up from 46%. General management involvement also rose from 55% to 74%. Despite these advancements, a shortage of cybersecurity skills persists, with 84% of organizations reporting a lack of specialized profiles. Artificial intelligence AI presents another challenge; 87% view AI as strategic for cybersecurity, but only 30% have governance in place for its use. Meanwhile, 40% experienced AI-amplified social engineering attacks, 25% suffered data leaks, and 23% believe AI facilitated some cyberattacks against them. The report recommends that Moroccan companies
Must ReadOCP Nutricrops and Koch Ag & Energy Solutions have signed an agreement for Koch Ag & Energy Solutions to acquire a stake in Jorf Fertilizers Company I, an OCP Nutricrops subsidiary. This transaction will create a new 50/50 joint venture between the two partners, building on their existing collaboration in phosphate fertilizer production. This development follows the 2022 creation of Kofert, formed when Koch invested in Jorf Fertilizers Company III. Jorf Fertilizers Company I operates a production unit at the Jorf Lasfar industrial platform with an annual capacity of 1.2 million tons of phosphate fertilizers. Upon completion of this transaction, the two joint ventures will have a combined annual capacity of approximately 2.5 million tons, strengthening their presence in the global phosphate fertilizer market. The partners aim to meet international demand, particularly in North America, where the need for reliable and diversified supply has increased. This initiative occurs as the US administration has temporarily suspended countervailing duties on Moroccan phosphate fertilizer imports, which the companies state opens new opportunities to supply American farmers with essential phosphate-based plant nutrition solutions. Scott McGinn, President of Koch Fertilizer, stated this investment continues the cooperation between the groups and will expand Koch's phosphate product offerings while strengthening the partnership with OCP. Faris Derrij, CEO of OCP Nutricrops, called the new jo