Attijariwafa

Morocco
CDG pension fund focuses on rental property market

Morocco's pension fund for employees of state-owned companies has created a new entity in conjunction with banking heavyweights to pursue its rental property investment strategy.

The New Guard
Ivory Coast, Tanzania, Egypt, Nigeria

Every Wednesday, Africa Intelligence spotlights a new generation of movers and shakers in business and politics.

Ivory Coast Régis Bamba, the e-banking whizzkid with big plans

Tanzania Bravious Kahyoza, outspoken rising economist star

Egypt Ahmed Tantawi's bold but implausible presidential bid

Nigeria Rabiu Olowo, finance guru

Morocco
Cash-strapped power & water utility renews vehicle fleet

The Office national de l'électricité et de l'eau potable (ONEE) has just selected the offers of Chaabi LLD and Wafa LLD for its long-term vehicle leasing contract, the subject of a call for tenders that was awarded on 4 April 2023.

Africa
Ivory Coast, Gabon, Namibia, Tunisia

Every Wednesday, Africa Intelligence reveals the next generation of movers and shakers in business and politics.

Morocco
Paris and Rabat standoff opens window of opportunity for lobbyists

Tensions between Paris and Rabat are giving lobbyists and middlemen something to work with. However the impact of this work is minimal, while the kingdom's main intermediaries in Paris remain somewhat removed from the Elysée.

Morocco
After AGMA, Rachida Benabdallah moves to Paris to join Attijariwafa Bank and her ambassador husband

Ex-Agma boss Rachida Benabdellah has joined the board of Attijariwafa Bank Europe in Paris, which allows her to join her Moroccan ambassador husband Mohamed Benchaâboun in the French capital.

Morocco
King's favourite construction company CMS sets sights on Inwi data centres and Attijari's HQ

Bought in 2016 by the former "king's steward" Zouhair Fassi Fehri, Construction Management Services is creating a branch dedicated to telecom infrastructures and has already approached Inwi, the operator owned by the royal holding company Al Mada.

The New Guard
Ivory Coast, Chad, South Africa and Somaliland

Every Wednesday, Africa Intelligence reveals the next generation of movers and shakers in business and politics.

Ivory CoastKen Kakena, Congolese fintech expert of Abidjan.

ChadMamadou Djimtebaye, N'Djamena's go-to spin doctor.

South AfricaNobuhle Pamela Nkabane, the energy ministry's bright young spark.

SomalilandMohamed Ahmed's charm offensive in Addis Ababa.

Morocco
Himma launches part two of national broadcasting's big shake-up

SNRT will soon complete its takeover of the cash-strapped 2M and Medi 1 TV channels in a move that gives Mohammed VI's adviser, Fouad Ali El Himma, a means to distance his rival, the king's private secretary Mounir El Majidi, from the sector.

Morocco
EDF starts work on Koudia Al Baida wind farm renovation

EDF Renewables is preparing to launch, alongside the Moroccan sustainable energy agency Masen, the Koudia Al Baida wind farm repowering project, near Tangiers.

Morocco
Philip Jenkins and AMEA's GreenPower set to supply Tangier

A 30MW photovoltaic power plant that will soon supply the northern city is the work of Philip Jenkins, an American friend of Mohamed el-Alaoui, King Mohammed VI's chamberlain. But the project's technical, legal and financial aspects were handled by Emirati firm AMEA Power.

Israel, Morocco
Al Mada, Providence... royal companies shun first business mission to Tel Aviv

None of the leading Moroccan groups owned by royal holding company Al Mada took part in the first business mission to Israel organised by the CGEM, indicating that the crisis between the employers' body and the Palace is not yet over.

Ivory Coast, Morocco
TGCC pips Ivorian and Indian rivals to military hospital contract

One of the flagship contracts of the 2016-2020 military budget, the construction of four military hospitals in Ivory Coast, is on the verge of being awarded to Casablanca-based TGCC. This is much to the dismay of its Ivorian rivals, who had been banking on home advantage, and Indian firms, which had secured the financing.