Moroccan RMK Holding sells 6% of its capital to Renate Investment Management
Friday, 15 January 2021 16:52
Moroccan tech group RMK Holding, which controls e-payment company M2M Group and payment operator Naps, sold for an untold amount a minority stake of 6.16% of its capital to Renate Investment Management.
The agreement between the two partners comes a few weeks after the entry of Retail Holding and its subsidiary Label’Vie into the capital of the group founded by Rédouane Bayed. They each acquired 4% of shares and expressed their desire to develop commercial synergies with RMK Holding for the benefit of their respective activities.
Media sources said the funds raised by RMK Holding group under these operations could enable the company to strengthen its presence in M2M Group and Naps by acquiring additional shares. The information has not yet been confirmed by the group’s top management.
However, RMK Holding will continue its growth program and strengthen its positions in Morocco and beyond.
Chamberline Moko
Live News
-
Senegal Allocates 60% of 2026 Digital Ministry Budget to Investment
15:49
-
Nigeria: Bottomline Assist Helps Companies Access Tech Talent
15:47
-
Africa’s Airlines Lag Global Aviation Rebound Expected in 2026
15:43
-
Transport and Energy Deficits Restrain Agro-Industrial Growth in West Africa
15:40
-
Black Swan’s Derick Kazimoto Pushes Data-Driven Credit Models in Africa
15:06
-
KenGen Emerges as a High-Performing Public Utility in Kenya
15:05
-
Djibouti Moves Toward Launch of National Cybersecurity Authority
14:52
-
Mali Adopts 2026-2030 Cybersecurity Strategy to Counter Rising Attacks
14:48
-
Local Initiatives Organise Fish-Farming Bootcamp in Move to Slash Cameroon’s Fish Import Bill
13:37
-
The report shows that Cameroon Firms Flag Production Cost Relief as Financing Pressures Bite
12:51
Camtel to launch Blue Money in 2026, entering Cameroon’s crowded mobile money market led by MTN Mo...
Eritrea faces some of the Horn of Africa’s deepest infrastructure and climate-resilience gaps, lim...
Huaxin's $100M Balaka plant localizes clinker production, saving Malawi $50M yearly in f...
Nigeria seeks Boeing-Cranfield partnership to build national aircraft MRO centre Project aims t...
West African universities met in Dakar to address youth employment Delegates drafted a 10-15 ...
Senegal sets its 2026 Digital Ministry budget at CFA81.06 billion, with nearly 60% directed to investments. The “New Deal Technologique” strategy...
Global airline net profit should rise to $41 billion in 2026, according to IATA. Africa is set to generate only $1.3 net profit per...
West Africa’s food economy represents 35% of regional GDP, yet weak transport and power systems keep costs high and limit efficiency. Food prices...
KenGen increased its profit after tax by 54% to KES 10.48 billion ($81 million). More than 90% of its 1,786 MW installed capacity comes from...
Cidade Velha, formerly known as Ribeira Grande, holds a distinctive place in the history of Cape Verde and, more broadly, in the history of the Atlantic...
Mauritius recorded a 56% increase in UK Google searches for “Christmas in Mauritius” over the past three months. The island ranked fourth overall...