🇲🇦 Casablanca Stock Exchange

Moroccan insurer Wafa Assurance (BVC:WAA) has launched a public acquisition offer (PAO) for a majority stake in Egypt-based Delta Insurance (EGX:DEIN), according to a statement issued on Monday, June 16. The move targets Egypt’s significant growth potential, with insurance penetration estimated at just 1% in the country of over 120 million people, where Wafa already operates via a life insurance subsidiary.

The Casablanca Stock Exchange is about to add a landmark instrument to its toolkit: the first cash-settled futures contract on the MASI 20 index. After an in-depth review, the product received the regulator's (AMMC) green light on 6 May 2025 (ref. VI/MAT/01/2025), confirming that all regulatory boxes are ticked and the market infrastructure is ready.

The Ethiopian Securities Exchange and Bourse de Casablanca signed a strategic cooperation agreement. On the day following the conclusion of the Africa Financial Summit held in Casablanca, the stock exchanges of two of the largest economies on the continent demonstrated their strong will to foster collaboration underscoring a shared vision to bolster dynamic capital markets as engines of economic development.

Societe Generale Group has signed two contracts with Saham Group, subject to the approval of the competent authorities, with a view for Societe Generale to sell Société Générale Marocaine de Banques including its subsidiaries* and La Marocaine Vie. The two Groups also outlined the framework for a long-term business partnership.