{"id":39317,"date":"2022-01-02T04:02:04","date_gmt":"2022-01-02T04:02:04","guid":{"rendered":"https:\/\/thefreezonechannel.com\/?p=39317"},"modified":"2022-01-02T04:02:06","modified_gmt":"2022-01-02T04:02:06","slug":"moroccan-dolidol-moves-to-acquire-nigerias-mouka","status":"publish","type":"post","link":"https:\/\/thefreezonechannel.com\/old\/moroccan-dolidol-moves-to-acquire-nigerias-mouka\/","title":{"rendered":"Moroccan Dolidol moves to acquire Nigeria\u2019s Mouka"},"content":{"rendered":"<p>The Moroccan producer and distributor of bedding products, Dolidol, announced plans to acquire Nigerian mattress producer Mouka.<\/p>\n\n\n\n<p>The acquisition, supported by a \u20ac20 million loan from World Bank (WB) Group institution, the International Finance Corporation (IFC), and Proparco, will see Dolidol expand their operations in Nigeria through an existing key player in the Nigerian mattress market.<\/p>\n\n\n\n<p>Dolidol received a funding package comprising \u20ac13.5 million from ICF and \u20ac6.5 million from Proparco, a French development institute.<\/p>\n\n\n\n<p>Using Dolidol\u2019s expertise in manufacturing and Mouka\u2019s market route, the group is banking on consolidating its presence in West Africa.<\/p>\n\n\n\n<p>Employing over 1000 people in Morocco and the Ivory Coast, the expansion is forecasted to create an additional 200 jobs directly and 600 jobs indirectly in Morocco and Nigeria.<\/p>\n\n\n\n<p>Already a household name in the mattress market in Morocco, Dolidol started expanding in Francophone Africa in 2018 after becoming part of the Development Partners International (DPI), one of Africa\u2019s largest private equity funds.<\/p>\n\n\n\n<p>As of 2021, Dolidal is present in five African countries, including the Ivory Coast, where it has the largest market share.<\/p>\n\n\n\n<p>Dolidol is not the first or alone in eyeing African markets. For over a decade, Moroccan banks cultivated a strong presence in African marketsthrough acquisitions.<\/p>\n\n\n\n<p>Morocco\u2019s largest bank, Attijariwafa bank, currently runs operations in 15 African countries through multiple subsidies. Morocco\u2019s second-largest bank, BCP banking group, holds a large portfolio of subsidiaries across 18 African countries.<\/p>\n\n\n\n<p>The expansion strategy is largely supported by the creation of the world\u2019s largest Free Trade Area, AfCFTA covering 54 African countries.<\/p>\n\n\n\n<p>Moroccan companies\u2019 expansion strategy may be linguistically constrained, as most Moroccan companies and banks seem to only target Francophone Africa.<\/p>\n\n<!--themify_builder_content-->\n<div id=\"themify_builder_content-39317\" data-postid=\"39317\" class=\"themify_builder_content themify_builder_content-39317 themify_builder tf_clear\">\n    <\/div>\n<!--\/themify_builder_content-->","protected":false},"excerpt":{"rendered":"<p>The Moroccan producer and distributor of bedding products, Dolidol, announced plans to acquire Nigerian mattress producer Mouka. The acquisition, supported by a \u20ac20 million loan from World Bank (WB) Group institution, the International Finance Corporation (IFC), and Proparco, will see Dolidol expand their operations in Nigeria through an existing key player in the Nigerian mattress [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":39318,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[241,126],"tags":[1192],"class_list":["post-39317","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-foreign","category-trade-and-industry","tag-mouka","has-post-title","has-post-date","has-post-category","has-post-tag","has-post-comment","has-post-author",""],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v23.7 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Moroccan Dolidol moves to acquire Nigeria\u2019s Mouka - The Freezone Channel<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/thefreezonechannel.com\/old\/moroccan-dolidol-moves-to-acquire-nigerias-mouka\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Moroccan Dolidol moves to acquire Nigeria\u2019s Mouka - The Freezone Channel\" \/>\n<meta property=\"og:description\" content=\"The Moroccan producer and distributor of bedding products, Dolidol, announced plans to acquire Nigerian mattress producer Mouka. The acquisition, supported by a \u20ac20 million loan from World Bank (WB) Group institution, the International Finance Corporation (IFC), and Proparco, will see Dolidol expand their operations in Nigeria through an existing key player in the Nigerian mattress [&hellip;]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/thefreezonechannel.com\/old\/moroccan-dolidol-moves-to-acquire-nigerias-mouka\/\" \/>\n<meta property=\"og:site_name\" content=\"The Freezone Channel\" \/>\n<meta property=\"article:published_time\" content=\"2022-01-02T04:02:04+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2022-01-02T04:02:06+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/thefreezonechannel.com\/old\/wp-content\/uploads\/2022\/01\/mouka.png\" \/>\n\t<meta property=\"og:image:width\" content=\"225\" \/>\n\t<meta property=\"og:image:height\" content=\"225\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/png\" \/>\n<meta name=\"author\" content=\"The Freezone Channel\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"The Freezone Channel\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/thefreezonechannel.com\/old\/moroccan-dolidol-moves-to-acquire-nigerias-mouka\/\",\"url\":\"https:\/\/thefreezonechannel.com\/old\/moroccan-dolidol-moves-to-acquire-nigerias-mouka\/\",\"name\":\"Moroccan Dolidol moves to acquire Nigeria\u2019s Mouka - 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