Intelcia Takes Charge of Its Future
In a significant move, Intelcia has successfully acquired the remaining 65% of its capital previously held by Altice, a transaction that was finalized in November 2025 and officially announced on April 29, 2026. This strategic acquisition positions Intelcia as a fully independent entity, led by its founders, Karim Bernoussi and Youssef El Aoufir. With operations in 19 countries and a workforce of 40,000, Intelcia aims to secure a spot among the world’s top ten outsourcing firms by 2030. This newfound independence is more than just symbolic; it empowers the company to accelerate its expansion efforts in Europe and Latin America while enhancing its IT offerings through Intelcia Tech. Artificial Intelligence (AI) is central to their strategic plan, serving as a key competitive advantage against global industry giants. For Morocco, this development showcases the potential for locally grown companies to achieve international stature without foreign backing, marking the emergence of a new generation of Moroccan multinationals that thrive through self-sustained growth, a model that remains rare on the African continent.
UnionPay Establishes African Headquarters in Casablanca
In another pivotal development, UnionPay International, a major Chinese payment group, has obtained the Casablanca Finance City (CFC) status, designating Morocco as its regional headquarters for operations across Africa. With a presence in 183 countries and acceptance at over 80 million merchants, UnionPay’s decision to base itself in Casablanca is influenced by the favorable regulatory and fiscal environment offered by the CFC framework. This legal structure is tailored to support multinational enterprises aiming for continental expansion. By joining this ecosystem, UnionPay plans to enhance its mobile payment services, QR code transactions, and electronic wallets throughout Africa, a rapidly growing market. The entry of such a significant player into the African financial sector reinforces Casablanca’s standing against other financial centers like Nairobi and Johannesburg and indicates that China views Morocco as a credible gateway to sub-Saharan Africa.
Mediterrania Acquires Historic Moroccan Packaging Company
In a noteworthy acquisition, Mediterrania Capital Partners (MCP) has announced the purchase of 100% of Amcor Flexibles Mohammedia (AFM), a historical player in the flexible packaging sector based in Mohammedia since 1949. This transaction, conducted with the international group Amcor, is subject to regulatory approvals. With assets under management totaling €1.2 billion, MCP is poised to transform AFM into a leading industrial platform in Africa. The strategy focuses on enhancing production capabilities, diversifying markets, and improving governance structures. AFM operates in high-demand sectors, including food and beverage, pharmaceuticals, and hygiene, which are all experiencing robust growth across the continent. This acquisition exemplifies the increasing appetite for private equity investments in mature manufacturing assets within Morocco. By acquiring a local champion and aiming for international expansion from Morocco, such investments represent the type of strategic initiatives that the country should pursue to elevate its industrial landscape.
As reported by telquel.ma.
