The Casablanca Stock Exchange, in a significant move to bolster the nation’s industrial sector, has launched a new program to train and support high-growth companies for future development and public market financing. The initiative is a collaborative effort with the Ministry of Industry and Trade, the General Confederation of Moroccan Enterprises (CGEM), and the Moroccan Capital Market Authority (AMMC).
A Strategic Public-Private Collaboration
The launch ceremony gathered prominent figures from Morocco’s public and private sectors, including Minister of Industry and Trade Ryad Mezzour and CGEM President Chakib Alj. Their presence underscored the collective commitment to fostering economic growth by creating a robust pipeline of companies ready for the next stage of expansion. The program aims to align government objectives with private sector potential and regulatory oversight to strengthen the country’s industrial competitiveness.
Cultivating The Next National Champions
The initiative has selected an initial cohort of 30 companies from strategic sectors such as agribusiness, pharmaceuticals, chemicals, and metallurgy. Several of these firms already generate over MAD 500 million in annual revenue. Participants will undergo an intensive training and coaching process covering four key modules: fostering an entrepreneurial mindset, building strong governance, exploring financing solutions, and creating a compelling equity story to attract investors. The ultimate goal is to equip these industrial leaders to access capital markets, particularly through Initial Public Offerings (IPOs) on the Casablanca Stock Exchange.
Deepening Capital Market Culture
This program is part of a broader national strategy to modernize Morocco’s economy and promote a deeper culture of stock market financing. By preparing a new generation of national champions for public listing, the initiative aims to enhance the stock exchange’s central role as a driver of economic development. Officials emphasized that this collaborative effort will not only support individual companies but also strengthen Morocco’s industrial base, enabling local firms to compete more effectively at regional and global levels.
About The Casablanca Stock Exchange
Founded in 1929, the Casablanca Stock Exchange is a key institution in Morocco’s financial landscape and one of the oldest exchanges in Africa. Operating under the supervision of the Ministry of Economy and Finance, it plays a vital role in financing the national economy. With 77 companies listed by the end of 2024, the exchange is continuously working to expand its financial products and build stronger ties with other African markets.
Source: Morocco World News
