Spotlight | Morocco
Big wig businessman Chakib Alj comes to the rescue of Forafric

Head of Moroccan employers federation CGEM, Chakib Alj, in Rabat on 26 April 2024.
Head of Moroccan employers federation CGEM, Chakib Alj, in Rabat on 26 April 2024. © Jalal Morchidi/EPA-EFE via MaxPPP
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. [...]
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