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Morocco's Corporate Dominance: 14 Firms Rule North Africa's Top 20
Morocco's Corporate Dominance: 14 Firms Rule North Africa's Top 20

Morocco World

time12-05-2025

  • Business
  • Morocco World

Morocco's Corporate Dominance: 14 Firms Rule North Africa's Top 20

Doha – Morocco's corporate sector is tightening its grip on North Africa's business landscape, dominating the region's top rankings. According to the latest African Business 'Top Companies 2025' report, Moroccan firms occupy all six of the top spots and 14 of the top 20 positions among North Africa's biggest listed companies. In contrast, only two Egyptian firms made it into the region's top 13, with Egypt holding just six places overall in the top 20. This growing Moroccan corporate strength comes as Egypt struggles to fulfill long-promised economic reforms. Attijariwafa Bank leads the pack as North Africa's largest listed company, ranking 7th continent-wide. Its market value jumped significantly from $10.8 billion last year to $15.6 billion in the 2025 table. Maroc Telecom follows in second place regionally and 10th in Africa, with its value increasing from $8.7 billion to $11.1 billion. Mining firm Managem secured the third position in North Africa and 21st in Africa, followed by Banque Centrale Populaire (4th regionally, 22nd in Africa), transport operator Marsa Maroc (5th regionally, 24th in Africa), and power company TAQA Morocco (6th regionally, 26th in Africa). 'Morocco's lead over Egypt seems to grow stronger every year,' notes the report. 'The six biggest listed companies in North Africa are all Moroccan and there are only two Egyptian companies among the top 13.' While Egypt has promised to privatize state-owned companies and reduce military influence over the economy, progress has been limited. Meanwhile, 'Moroccan companies go from strength to strength,' according to African Business. Commercial International Bank (CIB) remains Egypt's biggest company, ranking 7th regionally and 30th in Africa. However, it continues sliding down the rankings as Moroccan firms expand. The remaining Moroccan companies in the top 20 include LafargeHolcim Maroc (8th regionally, 33rd in Africa), Bank of Africa (9th regionally, 35th in Africa), Ciments du Maroc (11th regionally, 47th in Africa), and Travaux Generaux de Construction de Casablanca (12th regionally, 59th in Africa). Other notable Moroccan entries include COSUMAR (13th regionally, 61st in Africa), Douja Promotion Groupe Addoha (16th regionally, 65th in Africa), Akdital (17th regionally, 66th in Africa), Wafa Assurance (18th regionally, 68th in Africa), and TotalEnergies Marketing Maroc (19th regionally, 74th in Africa). Egypt holds the remaining positions with El Sewedy Electric Company (10th regionally, 42nd in Africa), Talaat Moustafa Group Holding (14th regionally, 62nd in Africa), Eastern Company (15th regionally, 63rd in Africa), and Misr Fertilizers Production Company (20th regionally, 75th in Africa). A mining success story Managem stands out as one of the region's biggest corporate success stories. The Moroccan mining company jumped from 57th place last year to 21st in the 2025 Africa-wide rankings. Its market capitalization tripled from $2 billion to $6.1 billion. The company operates in eight African countries, mining and processing various commodities including cobalt, copper, gold, silver and zinc. Rising prices for critical minerals have boosted Managem's performance. These minerals, particularly copper and cobalt, are in high demand for the energy transition. Gold prices have also spiked as investors seek protection against market volatility. The company is expanding its operations. Managem is investing in the Tizert copper mine in Morocco's Taroudant province and the Boto gold project in eastern Senegal. In October 2024, it acquired the Karita gold project in Guinea from Canadian company IAMGOLD. At the same time, Managem sold its Oumejrane copper mine in Morocco to UAE's Purple Hedge DWC for $30 million earlier this year. Regional corporate landscape The absence of Algerian companies in the rankings highlights limitations in that country's economic strategy. Despite having Africa's fourth-largest economy behind South Africa, Nigeria and Egypt, Algeria has no companies in either the North African Top 20 or the wider African Top 250. Its government has discussed diversifying away from oil and gas for 20 years with limited progress, and private sector participation in key parts of the economy remains restricted. Tunisia shows more economic openness with seven companies in Africa's Top 250, including three banks. The country has leveraged its proximity to European markets by developing export-oriented sectors tied to global supply chains. However, its smaller population means Tunisian companies cannot match the scale of those in Morocco or Egypt. On the continental level, African companies have seen a partial recovery in value. The combined market capitalization of Africa's 250 biggest companies reached $564 billion by March 2025, up from $503 billion last year. However, this remains well below the peak of $948 billion achieved in 2015. South African companies continue to dominate the continent's rankings, accounting for 60% of the total market capitalization of Africa's Top 250 firms. Morocco ranks second nationally with 15%, followed by Nigeria with 7% and Egypt with 6%. The African Business survey methodology focuses on listed companies, with rankings determined by market capitalization as of March 31, 2025. State-owned enterprises and companies earning less than 50% of their revenues in Africa are excluded. The rankings also omit companies not listed on African stock exchanges, regardless of their operational presence on the continent. Read also: Benjelloun, Sefrioui, Akhannouch Among 2025 Forbes World's Billionaires

20 Skills Hiring Managers Look For In Resumes In 2025
20 Skills Hiring Managers Look For In Resumes In 2025

Forbes

time17-04-2025

  • Business
  • Forbes

20 Skills Hiring Managers Look For In Resumes In 2025

'What tangible outcomes can you deliver?' is the only core question employers care about Hiring managers are no longer asking, 'Where did you work?', 'What college did you graduate from?', or 'What subject did you major in?' They want to know, "What results/tangible outcomes can you deliver, and what have you delivered in the past?" Outcomes are created, not by papers or letters behind your name (although this can help in some professions), but by skills. Your "hireability" and competency in the job market in 2025 comes down to one critical question: How proficient are you in the skills employers need the most? Even large banks like JPMorganChase recognize the value in hiring for skills over credentials. In a signal move for the bank, about 70% 'of roles for experienced hires--or candidates with full-time work experience--do not require a college degree,' LinkedIn noted in its Top Companies 2025 report, which ranked 50 of the world's best large employers to work for and included JPMorgan. The World Economic Forum noted in its 2025 Future of Jobs report that there are specific skills which are on the rise this year, while others are on the decline. The skills which are on the rise are most essential in the workforce today because there is a serious skills crisis happening right now. As innovation and technological advancements progress, the talent gap continues to widen, and employers are scrambling to find adequate support in adapting to market shifts and navigating industry changes imposed by AI and tech. The skills they listed are divided between 'core skills' and 'skills on the rise.' Looking at their Tableau data visualization, we can get a clear idea of what skills are considered as 'core' for U.S. employers. The top 17 listed are: When it comes to skills on the rise, there is some considerable overlap here. The top 17 skills listed as on the rise over the next few years are: Despite the overlap, three of the skills mentioned in the second list (skills on the rise) were not mentioned in the core skills list. This doesn't take away from their significance; rather, it demonstrates that these will become more prominent and perhaps have a feature on the core skills list in one or two years. These three new skills are environmental stewardship, programming, and global citizenship, which reflect a strong push and prioritization towards CSR (corporate social responsibility), the growing remote work and digital nomad trend, and technical literacy as the foundation for complicated software systems and AI integration. As you work on updating your resume, carefully consider these skills and look for practical, creative ways to interweave them into your experience, skills section, and professional summary. The best way to list skills is to cite proficiency level and use real-world examples. For instance, list initiatives you designed or projects you planned related to social impact programs or partnerships at work, even if they're voluntary and weren't tied directly to your main role. Most importantly, speak directly to the successful outcomes of these projects. You can also approach these skills from another angle: If you're still building your analytical thinking skills, for example, you could include a course that you're currently studying via Coursera to develop your analytical skills, by mentioning 'Currently studying XYZ' in your education/professional certifications section. Tech, creative thinking, and human-centered skills take the lead in the future of work Ultimately, the key to more career opportunities and job success is to make yourself undeniable in the workplace. Achieve this by learning what skills are in demand, and reskilling or upskilling in the areas most relevant to your career goals.

10 Top U.S. Companies To Grow Your Career In 2025
10 Top U.S. Companies To Grow Your Career In 2025

Forbes

time09-04-2025

  • Business
  • Forbes

10 Top U.S. Companies To Grow Your Career In 2025

U.S. professionals are fueled by the desire to progress professionally, especially when it comes to ... More upskilling in tech Remote work is not the only factor in a job that U.S. professionals care about. Even though many would be happy to exchange work benefits like PTO and health insurance for the ability to work remotely, according to FlexJobs, American workers are almost equally fueled by the desire to learn new skills so they can progress in their careers, making this a top priority when seeking new job opportunities. A recent discovery by LinkedIn's Workplace Learning Report 2025 noted that learning new skills is high on the agenda for employers who wish to attract and retain top talent, with survey respondents citing this as their number one turnover reduction strategy. Additionally, LinkedIn reported more than a quarter of professionals who are seeking to learn new skills this year and are keen on progressing in their jobs. Consequently, LinkedIn revealed its popular list of the top 50 large workplaces for professional growth and development. The best part about this list is that all employers included in the ranking are currently hiring, with some hiring for hybrid-remote and fully remote roles. So you'll be sure to find an opportunity that matches your interests. Here are the top 10 employers from LinkedIn's Top Companies 2025 report: Why did these employers make the cut for this list, you might ask? LinkedIn evaluated these large companies--who each have about 5,000 or more employees to be eligible for inclusion in the list--based on qualities such as enabling their people to stay ahead with AI upskilling and development, and the development of technical skills-building pathways internally. Notably, in a signal move for bank JPMorganChase, about 70% 'of roles for experienced hires--or candidates with full-time work experience--do not require a college degree,' LinkedIn noted, which means that the bank is yet another big-name employer to join the ranks of others such as IBM who have taken steps to abolish degree credential requirements from their roles and actively promote skills-based hiring. To get hired by top-tier employers like EY, PwC, or JPMorganChase, you need to be a top-tier candidate. That doesn't mean you need to have graduated from an Ivy League college, or have a perfect, prestigious resume filled with your accomplishments at Big Four employers. But what this does mean is you'll need to find ways to creatively differentiate yourself from the rest. Here are some top tips and an action plan to achieve this: These 10 companies are hiring right now, and they're actively looking for someone like you who is proactive and passionate about continuous growth, aligning with industry shifts and trends, and climbing the next rung of professional development. Employers who prioritize skills-first hiring and internal upskilling will win in the talent ... More competition Despite many of these companies being at the forefront of headline layoffs this year, there are still thousands of positions up for grabs as they move towards a more efficient workforce. Are you ready to join them?

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