Mars Maroc has announced expansion into Africa through a new agreement with the Liberia National Port Authority to manage the Port of Monrovia, Liberia's largest port, beginning in the first half of the year. The company, a key player in the logistics and port management sector, aims to rehabilitate and provide equipment for the port while also sharing expertise in handling bulk cargo, specifically focusing on the operation of two berths at the Liberian port. This marks a significant step in the company's strategy to bolster its presence in Africa.

In a second phase, Mars Maroc is looking to establish a concession agreement to develop and operate a new multi-purpose terminal at the Port of Monrovia, which will be crucial for managing the majority of Liberia's trade flows. The expansion can have broad implications not only for Mars Maroc, increasing its footprint in the region but also for Liberia, improving its logistics infrastructure and potentially enhancing economic activity through better port operations.

Shares of Mars Maroc listed on the Casablanca Stock Exchange rose by 1.36% to 895 dirhams ($98.04) at the time of reporting. The Port of Monrovia is vital to Liberia's port sector, handling most of the country's import and export traffic and serving as the main gateway to the Liberian economy. This development underscores the strategic importance of the port as it continues to play a central role in Liberia's economic integration with the region and the broader African market.