Morocco news and trends

Moroccan Vehicle Marketplace KIFAL Auto Partners With BMCI for Financing Options
Partnerships // January 19, 2023

Moroccan online used car marketplace KIFAL Auto is rolling out new vehicle financing options. In a Thursday (Jan. 18) press release, KIFAL Auto and Banque Marocaine pour le Commerce et l’Industrie (BMCI), the Moroccan subsidiary of BNP Paribas, said they have teamed up to enable...

Morocco’s Chari Buys Retail App Diago
Acquisitions // June 10, 2022

Moroccan B2B eCommerce platform Chari has acquired Diago, a retail app based and operating in the Ivory Coast city of Abidjan. As Magnitt reported Friday (June 10), the all-stock transaction will see Diago founders Amidou Diarra and Ali Ouattara remain in place as the company’s...

Autochek Adds KIFAL Auto to Expand Into North Africa
Acquisitions // May 19, 2022

Nigeria-based auto loan services platform Autochek Africa acquired Moroccan automotive technology startup KIFAL Auto as part of a plan to expand into North Africa, according to a Magnitt report Thursday (May 19). KIFAL Auto offers what it calls a seamless process for buying and selling...

Visa, Morocco’s CMI Hope to Streamline B2B Transactions
B2B Payments // February 03, 2022

Visa has joined forces with digital payments manager Interbank Monetary Center (CMI) to launch a channel to help Moroccan businesses streamline B2B transactions. The channel, which was announced by the partners in a news release Thursday (Feb. 3), is designed to “improve and secure” cash...

Quick Reads
Western Union Grows Africa Retail Presence Via Morocco ‘Concept Store’

June 26, 2024
Western Union is bringing its “concept store” concept to Africa with a new outpost in Morocco. The money transfer service announced the store — its first on the continent — on Wednesday (June 26), saying it was part of Western Union’s “Evolve 2025” strategy for Africa and Morocco. “The country and the wider continent play […]

Moroccan Vehicle Marketplace KIFAL Auto Partners With BMCI for Financing Options

January 19, 2023
Moroccan online used car marketplace KIFAL Auto is rolling out new vehicle financing options. In a Thursday (Jan. 18) press release, KIFAL Auto and Banque Marocaine pour le Commerce et...

Morocco’s Chari Buys Retail App Diago

June 10, 2022
Moroccan B2B eCommerce platform Chari has acquired Diago, a retail app based and operating in the Ivory Coast city of Abidjan. As Magnitt reported Friday (June 10), the all-stock transaction...

Autochek Adds KIFAL Auto to Expand Into North Africa

May 19, 2022
Nigeria-based auto loan services platform Autochek Africa acquired Moroccan automotive technology startup KIFAL Auto as part of a plan to expand into North Africa, according to a Magnitt report Thursday...