This article was automatically translated from HIBAPRESS, the Arabic version:
This article was automatically translated from Hibapress, the Arabic version:
Heba Press
The magazine “John Afric” has confirmed that Morocco establishes its position in the main economic forces of the African continent, in a declaration in which it announced the 26th edition of its exclusive classification of the 500 largest African companies.
The magazine explained that “the total number of transactions recorded by Moroccan companies classified in this arrangement amounted to $ 55.9 billion, which represents 7.6% of the general total”, noting that the diversity of the economic sectors of these companies is a real force.
She added that “Moroccan groups, from the automotive industry to communications, through agricultural industries and mines, show a significant capacity to resist economic fluctuations”.
The media stressed that the honorable phosphate office, the world leader in the field of phosphate, maintains a distinguished location in the first ten posts, while other large companies continue to extend them, such as the Royal Maroccan Airlines, which benefit from the resumption of the air transport sector to improve their growth.
The magazine estimates that this dynamism reflects “the strategy that Morocco adopts to improve its integration into global value chains and attract more investments, especially in the industry and services sectors”.
“John Afric” indicated that its classification depends on a detailed analysis of approximately 1,300 African companies, through which its financial performance is evaluated according to its transaction numbers in 2023. The data is collected from official and reliable sources, then transferred to the US dollar according to the approved exchange rate when closing each budgetary year, in order to provide a specific image and complete African.
The magazine also stressed that this classification excludes the financial and insurance sectors, which are subject to a separate analysis.
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