T2S Group, a Moroccan Med-Tech company, valued at 4.5 billion dirhams ahead of its stock market listing
via Le Matin2 min read
T2S Group, a Moroccan Med-Tech company, is preparing for its initial public offering on the Casablanca Stock Exchange, aiming to raise 1.1 billion dirhams. This move is intended to accelerate its development in a sector with growing needs for medical technologies, healthcare digitalization, and hospital infrastructure in Morocco and across Africa. The offering values the group's equity at 4.5 billion dirhams, with shares priced at 223 dirhams each, representing a 24.5% discount compared to valuations of comparable listed companies. Founded in 1992 as Techniques Science Santé T2S by five associates in a Casablanca apartment, the company initially focused on integrating medical equipment for healthcare facilities. Over the years, T2S Group expanded its scope, creating IM Alliance in 1998 for medical devices and in vitro diagnostics, and Binarios in 2008 for digital transformation in healthcare. In 2010, Cyclopharma was established for the local production of radiopharmaceuticals used in cancer diagnosis, marking a significant step in the group's growth.
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Acwa has signed agreements for the N'diago combined cycle gas power plant project, marking the official launch of Mauritania's first major gas IPP project. This initiative paves the way for private sector participation in the country's electricity sector. The plant will provide a base capacity of 230 MW using high-efficiency CCGT technology, integrating Mauritania's national natural gas resources into the national grid. This integration aims to enhance supply reliability and reduce the energy intensity of production compared to conventional thermal power plants. The project will support Mauritania's increasing electricity demand, contribute to grid stability, and align with the country's long-term energy security and transition goals. It also expands Acwa's presence in Africa, where the company implements integrated solutions in power, water, and renewable energy in high-growth markets. Hashim Ghabashi, Acwa Africa President, stated that the signing of the PPP and PPA for the N'diago project is a decisive moment for Mauritania's electricity sector and acknowledges the partnership with the Mauritanian Government. He highlighted that years of close collaboration led to this achievement, mobilizing national gas to provide reliable and affordable electricity with 230 MW of high-efficiency CCGT capacity. Ghabashi added that this bankable structure strengthens the country's platform for industrial growth and energy security, and opens the door for new private investments, further s
Didier Deschamps' assistant coach, Guy Stéphan, has commented on Morocco's journey in the 2026 World Cup, describing them as a formidable force in global football. Stéphan analyzed Morocco's tactical performance against Canada in the round of 16, expressing admiration for their structure, solidity, and transitional play. He noted that Morocco is not a typical low-block team, capable of controlling possession, attacking at high speed, and maintaining strong defensive discipline. The French staff is preparing to face a team that relies on both grit and tactical maturity. Stéphan highlighted Morocco's right flank as a key area, suggesting that containing Achraf Hakimi will be crucial for France. Stéphan also addressed the situation of Ayoub Bouaddi, a young talent from LOSC who has been playing for Morocco. He acknowledged Bouaddi as a product of French youth development, stating that while he is a good player, France has strong options in that midfield position, including Rabiot, Koné, Zaïre-Emery, Kanté, and Tchouaméni. Stéphan defended coach Didier Deschamps' approach, explaining that Deschamps does not want to block a player's international career by giving them minimal playing time with France, thus preventing them from representing another country. Bouaddi is set to play a significant match this Thursday in Foxborough.
Moroccans residing abroad MREs demonstrate strong ties to their home country, primarily through significant remittances, which are a major source of foreign currency and family support for Morocco. In 2025, MRE transfers exceeded 122 billion dirhams, projected to reach nearly 128 billion dirhams in 2026, representing about 8.5% of the GDP. However, most of these funds are directed towards household consumption or real estate acquisitions, with limited productive investments. National strategies aim to center MREs in private investment goals, yet a large portion of the diaspora's financial potential remains under-exploited. A 2024 report by the Council of the Moroccan Community Abroad CCME highlights MREs as a strategic reservoir of skills, technical expertise, entrepreneurial experience, and international professional networks, which are currently under-mobilized. In 2023, the Minister of National Territorial Planning, Urbanism, Housing, and City Policy, Fatima Ezzahra El Mansouri, stated that 70% of MRE investments are concentrated in residential real estate, viewed as a safe and tangible asset, partly due to the desire to maintain a connection with the country of origin and the perceived difficulty of managing complex entrepreneurial projects remotely. This focus on real estate does not directly contribute to job creation or high value-added activities. Morocco has implemented reforms to enhance its economic attractiveness, including the new Investment Charter, effective si