Spotlight | Morocco
Big wig businessman Chakib Alj comes to the rescue of Forafric
On the brink of bankruptcy, the Moroccan milling group is about to be bought out by one of its main competitors, Cap Holding. This is an ambitious move for its CEO, who also chairs Morocco's employers' organisation, the CGEM, and will now have to pay off the colossal debts of Yariv Elbaz's group.