Morocco: Alten Delivery Center Maroc raises capital to over MAD8 mln
Tuesday, 10 September 2019 17:48
Alten, a French engineering and technology consulting company listed on Euronext, the main stock exchange in the eurozone, has once again increased the share capital of its Moroccan subsidiary Alten Delivery Center Morocco (ADCM) to more than MAD8 million.
The company wants to enhance its footprint in Morocco’s automotive engineering sector; a segment quite structured with the presence of many foreign carmakers and equipment manufacturers.
Alten entered the Moroccan market in 2017 by setting up a unit in charge of automotive and aeronautical systems in the town of Fez. A year later, the company opened its subsidiary ADCM dedicated to automotive engineering.
Chamberline Moko
Live News
-
Private Equity Firm Phatisa Raises $86 Million for African Food Supply Chain
03:12
-
Annaba port expansion in Algeria due to be completed by end-2026
03:11
-
Report: Six Tree Species Account for 70% of Cameroon’s Timber Production
03:06
-
Nigeria Calls on NNPC Ltd to Bid for New Oil Blocks
18:50
-
Africa’s Two-Wheel Motorcycle Market Expands as Cities Face Safety and Price Pressures
18:28
-
Cameroon municipalities defend CFA21.4bn solar streetlight project amid controversy
17:58
-
Cameroon names first five companies to support industrial expansion
17:45
-
Africa Looks to India as Digital Governance Partnerships Expand
17:09
-
Gabon Partners With UAE’s Presight to Deploy AI in Public Administration
17:04
-
Cameroon audit flags high rental costs weighing on state debt recovery firm
16:24
Except for Tunisia entering the Top 10 at Libya’s expense, and Morocco moving up to sixth ahead of A...
Deposits grow 2.7%, supporting lending recovery Average loan sizes small, credit risk persists ...
Oil majors expand offshore exploration from Senegal to Angola Gulf of Guinea accounts for about 1...
The BCEAO granted Semoa a level-3 “full service” payment institution license on January 27, 2026...
MTN is considering buying back telecom towers it sold years ago, signalling that control of infras...
Algeria’s Annaba port expansion due for completion by end-2026 Project adds 10 million-tonne mineral quay linked to phosphate rail line Upgrade...
Nigeria launched a 50-block oil licensing round in December 2025 and eased financial terms in January 2026. The upstream regulator urged state-owned...
Africa’s two-wheel motorcycle market should reach $5.55 billion in 2026 and $7.29 billion by 2031, driven by urbanization and informal...
The United States committed $156 million to Burundi’s health sector over five years under a new memorandum of understanding. Burundi must...
Essaouira is a coastal city in Morocco, on the Atlantic Ocean, in the Marrakech–Safi region, about two and a half hours by road from Marrakech. It stands...
The Pan African Film & Arts Festival (PAFF) will run from February 7 to 22, 2026, in Los Angeles, positioning itself as a major soft power platform for...