2,3
BILLION DIRHAMS
BILLION DIRHAMS
2017 TURNOVER
AFRICORP CONSORTIUM
A Consortium of trades with a multi-sectoral continental development, an African Holding with majority stakes acquired in its business areas • AFRICORP Industry • AFRICORP Agri • AFRICORP Mining • AFRICORP Edu.
THE GROUP
An African Holding with a Multisectoral Approach
An African Holding with a Multisectoral Approach
Africorp Consortium has established itself as a key player in Morocco and across Africa, boasting over 50 years of experience in industry and distribution. Its subsidiary, Dolidol, is the leading company in polyurethane foam and bedding, operating ten production units in Africa and the Middle East. In 2021, Dolidol strengthened its pan-African presence by acquiring Mouka, Nigeria’s leading foam and mattress company. In 2025, it further consolidated its position by partnering with Intercoil International, a major foam and mattress manufacturer in the United Arab Emirates (UAE) and Saudi Arabia (KSA).
Africorp Consortium has also diversified into agriculture through Africorp Agri, focusing on high-value crops such as berries and date palms. Additionally, through Africorp Edu, it has partnered with the Belgian Ministry of National Education to develop schools in Morocco. Meanwhile, Africorp Mining manages copper mines and aggregate quarries, contributing to the development of Morocco’s mineral resources.
To support its growth and diversification, Africorp Consortium collaborates with renowned financial institutions, including the International Finance Corporation (World Bank), Proparco, the European Bank for Reconstruction and Development, and Singapore’s sovereign wealth fund, Temasek.
The group’s commitment to quality, innovation, and sustainable development has solidified its reputation as a leading holding company in the Middle East and Africa (MEA) region.
Africorp Consortium has established itself as a key player in Morocco and across Africa, boasting over 50 years of experience in industry and distribution. Its subsidiary, Dolidol, is the leading company in polyurethane foam and bedding, operating ten production units in Africa and the Middle East. In 2021, Dolidol strengthened its pan-African presence by acquiring Mouka, Nigeria’s leading foam and mattress company. In 2025, it further consolidated its position by partnering with Intercoil International, a major foam and mattress manufacturer in the United Arab Emirates (UAE) and Saudi Arabia (KSA).
Africorp Consortium has also diversified into agriculture through Africorp Agri, focusing on high-value crops such as berries and date palms. Additionally, through Africorp Edu, it has partnered with the Belgian Ministry of National Education to develop schools in Morocco. Meanwhile, Africorp Mining manages copper mines and aggregate quarries, contributing to the development of Morocco’s mineral resources.
To support its growth and diversification, Africorp Consortium collaborates with renowned financial institutions, including the International Finance Corporation (World Bank), Proparco, the European Bank for Reconstruction and Development, and Singapore’s sovereign wealth fund, Temasek.
The group’s commitment to quality, innovation, and sustainable development has solidified its reputation as a leading holding company in the Middle East and Africa (MEA) region.
A GROUP WITH UNIQUE VALUES
True to the promises made to its customers, AFRICORP CONSORTIUM has built its reputation on quality, innovation and commitment to each of its partners. These values have played a fundamental role in establishing the Group as a leading player in Morocco and Africa. Today, AFRICORP CONSORTIUM retains a pan-African leadership position in its business lines, which allows it to explore new horizons for growth.With this in mind, the Group has defined 4 axes for its development with the aim of sustaining its activities. First, innovation in the Group’s products and services, with a constant search for added value for customers; the development of human capital with a strengthening of their skills in all the Group’s business lines; increased investment, particularly in areas identified as sectors of the future; and finally, internationalization to seize opportunities for the development and sustainability of the Group.
A recognized historic know-how
1972 :
Creation of Uniconfort Maroc Dolidol. Venturing into the industrial sector, particularly industrial production of polyurethane foam and bedding, marking the first major shift of Bgroup.1977 :
In the same vein, Dolidol incorporated the production of spring mattresses, in addition to the first products launched five years earlier. As such, Dolidol became the generic mattress name according to Moroccan popular knowledge.2008 :
Dolidol pursued its development with a major industrial site allowing it to substantially expand its production capacity. Built across 25ha, this new industrial site located in Dar Bouazza (Casablanca) is home to the brand’s head office and its product lines.2013 :
Creation of Palmagri, Palmeraie Industries & Services’ agricultural division. To pursue its development, the new subsidiary boasts a major land reserve of almost 3,000 hectares and a team of experts composed of specialized technicians, engineers and local and international consultants.2014 :
The Group pursues its development by consolidating its leadership in industry by pursuing its development abroad and by adopting a diversification strategy focused on sectors of vital importance for the future such as agriculture, education, mining & quarries.Palmedu signed its first achievement: the partnership with the network of Belgian schools in Morocco (EBM), allowing it to accompany the Belgian State in the development of its network of schools in Morocco.
2015 :
First Palmagri exports to France, Germany, Russia and Switzerland.Palmines launches its quarries business with an initial site for aggregates production, crushing and sand that is already operating in the Benslimane and Benguerir regions.
2016 :
Dolidol launched its polyurethane foam and mattress production unit in Côte d’Ivoire.2017 :
Creation of Jobelsa Automotive, a joint-venture between Dolidol and the Spanish carmaker Jobelsa.2018 :
Palmedu delivered the Belgian school of Rabat for the 2018/2019 school year.
That same year, UniConfort Morocco Dolidol opened its capital to British investment fund Development Partners International (DPI) for an almost 20% stake
2019 :
The investment fund TANA invests 200 million MAD in the red fruit subsidiary of PALMAGRI, the Agriculture division of the Palmeraie Holding Group2021 :
Dolidol acquires the Nigerian giant Mouka with an investment of 60 million dollars and thus strengthens its position as the pan-African leader in the polyurethane foam and bedding sector.2022 :
Palmeraie Holding becomes AFRICORP CONSORTIUM2024 :
Africorp Consortium, through Africorp Industry, acquires Intercoil International – Simmons®️ in Saudi Arabia and the UAE.A structure aligned with the Group’s ambitions
A SUSTAINABLE BUSINESS MODEL
AFRICORP CONSORTIUM has determined, through its roadmap, four guidelines for its development:
- Sector diversification,by creating multi-sector centers of excellence with strategic trades for Morocco and the continent.
- Support the performance of industry, through the strengthening of industrial capacities and the development of professions linked to Morocco’s Industrial Acceleration Plan. The production of automotive components and the launch of a recycling plant to transform used PET plastic bottles into polyester fibers are part of this strategy.
- To bring out the talents of tomorrow, with particular emphasis on the education and training of the Moroccan and African succession of tomorrow. The partnership with the Belgian Ministry of National Education and the Moroccan Ministry of National Education for the development of Belgian Cooperation Schools in Morocco falls within this framework. Ultimately, the Group aims to develop other school networks.
- Internationalization is a guarantee of growth and sustainability for AFRICORP CONSORTIUM. The group has become a key player in Africa, in particular with its subsidiary Dolidol, which today has 7 production units in 5 countries, but also, through Africorp Agri, which aims at developing its activities on the continent, similar to the aim of the other business lines
A group firmly established in its environment
3
BILLION
BILLION
INVESTMENT BY 2020
4
NUMBER OF SUBSIDIARIES
4000
EMPLOYEES
6000
NUMBER OF JOBS CREATED BY 2020
OUR AREAS OF EXPERTISE
AFRICORP Industry: A Growth Accelerator
Africorp Industry is the industrial arm of Africorp Consortium, encompassing all industrial and distribution activities of the group. With over 50 years of experience, particularly through its flagship brand Dolidol—a leader in polyurethane foam, bedding, and interior furniture—Africorp Industry has become a key player in multiple strategic sectors and international markets.
Africorp Industry is also a leader in automotive industry products, supplying major European manufacturers such as Renault and PSA from its Moroccan base. Recently, the company launched the Dolicen recycling plant with a 200 million MAD investment, transforming used PET plastic bottles into polyester fibers, reinforcing its environmental footprint and improving vertical integration in its foam business.
Through Bois&Co, Africorp Industry is also a market leader in industrial carpentry (doors, closets, and kitchens) in both the domestic and export markets, offering a comprehensive turnkey solution for professionals.
The Industrial Division is structured under its parent company, Dolidol, and includes subsidiaries such as Dolidol Côte d’Ivoire, MOUKA, Intercoil, Lematelas.com, Bois&Co, and Dolicen.
+2600
EMPLOYEES
50,000
TONS PER YEAR
POLYURETHANE FOAM PRODUCTION CAPACITY
2
MILLION UNITS PER YEAR
MILLION UNITS PER YEAR
BEDDING PRODUCTION CAPACITY
80
SPECIALIZED STORES
12
INDUSTRIAL UNITS
DOLIDOL,
Pan-African leader in the polyurethane foam and bedding sector
Founded in 1972, Dolidol is a subsidiary of Africorp Industry and an undisputed leader in the polyurethane foam and bedding sectors.
With recognized expertise and a network of high-performance production units, the group is present in several African countries and continues its expansion into other strategic regions such as the Middle East.
The group operates 12 production units in 5 countries, including Morocco, the United Arab Emirates, and Saudi Arabia (since 2025), Côte d’Ivoire (since 2016)—from where it supplies neighboring West African countries such as Ghana, Burkina Faso, Mali, Guinea, and Liberia—as well as Nigeria, following the acquisition of Mouka in 2021, the leading manufacturer of polyurethane foam mattresses in the country.
As part of its institutionalization process, Dolidol opened its capital to the DPI investment fund in October 2018, allowing it to pursue its development ambitions in line with its international strategic vision.
Key figures Dolidol Morocco:
25
HECTARES
HECTARES
SURFACE AREA
15 000
TONS PER YEAR
TONS PER YEAR
FOAM PRODUCTION
1
MILLION UNITS PER YEAR
MILLION UNITS PER YEAR
BEDDING PRODUCTION
50
SPECIALTY STORES
12
REGIONAL AGENCIES
DOLIDOL Côte d’Ivoire
Dolidol Côte d’Ivoire is a key player in the polyurethane foam and bedding manufacturing industry in West Africa. With the launch of its industrial plant in Abidjan in 2016, Dolidol Côte d’Ivoire meets local market demands while also supplying neighboring countries such as Ghana, Burkina Faso, Mali, Guinea, and Liberia.
Located in the industrial zone of Yopougon, this facility is built to the highest standards in terms of industrial organization, safety, environmental compliance, and quality requirements.
The mattresses produced in Côte d’Ivoire are distributed through a fleet of company-owned trucks and a network of local partners, ensuring optimal market coverage and immediate product availability.
Thanks to its commitment to innovation and quality, Dolidol Côte d’Ivoire has positioned itself as a leader in the sector, providing solutions tailored to consumer needs.
MOUKA
Founded in Lagos in 1974, Mouka is now a leading manufacturer and distributor of foam products. The company offers a wide range of products, including mattresses, pillows, bedding, industrial foam sheets, and related products.
Mouka operates three manufacturing plants in Nigeria, located in Lagos, Benin, and Kaduna, as well as seven strategically positioned warehouses in Ibadan, Enugu, Aba, Jos, Kano, Uyo, and Abuja.
Product Portfolio
✔ Mattresses – Designed to meet the needs of various consumer segments, Mouka mattresses account for more than 70% of total sales.
✔ Pillows – Mouka produces foam and fiber pillows, offering a combination of comfort and durability.
✔ Unmarked Foam Blocks – Mouka manufactures foam blocks for industrial use and customized applications.
Thanks to its commitment to innovation and quality, Mouka offers solutions tailored to market needs, ensuring comfort and customer satisfaction.
Intercoil International is a multinational company based in Dubai, specializing in the manufacturing and distribution of sleep-related products. Founded in 1974, Intercoil is recognized as the leading manufacturer, retailer, and distributor of premium beds, mattresses, and bedroom furniture in the Middle East and Africa (MEA) region. Intercoil offers a comprehensive range of sleep solutions, by listening to and understanding customer needs, and customizing its products to meet individual requirements.
Intercoil operates three manufacturing units, located in Dubai, Ras Al Khaimah (RAK), and Dammam. The company has an installed production capacity exceeding 10,000 tons of foam and 400,000 mattresses annually. Intercoil also manages two retail stores in Dubai and aims to strengthen its presence in key markets across the MEA region through a significant investment to open 20 new Intercoil stores in strategic countries such as the United Arab Emirates, Saudi Arabia, Iraq, Oman, Kuwait, Bahrain, Qatar, and Egypt. This expansion will be supported by the development of smart showrooms, integrating advanced technologies such as Artificial Intelligence (AI) and Virtual Reality (VR), providing customers with an immersive and personalized experience.
Intercoil manufactures and distributes a range of brands, including its own labels: Intercoil, Quadura, and Ghalya’s. Additionally, Intercoil holds the exclusive distribution rights for international brands such as Simmons and Therapedic in 20 countries across the Middle East and the Levant.
BOIS&CO,
A versatile player
Bois&Co, a subsidiary dedicated to industrial wood carpentry, technical carpentry and kitchens, manufactures a multitude of items for construction companies and the largest developers in the real estate sector. Since 2017, Bois&Co supplies major hotel chains, hospitals, universities, distribution networks as well as various real estate projects in several African countries.
Now Bois&Co is the leading manufacturer of doors, kitchens, cupboards of construction companies, and hotel and hospital, administrative, university and hospitals in Africa.
Key figures :
14,000
m2
m2
Covered area
300
Jobs
400
units / d
units / d
Production (doors)
100
units / d
units / d
Production (cupboards)
400
boxes / day
boxes / day
Production (kitchens)
LEMATELAS.COM,
Precursor of online sales
6
POINTS OF SALE
1
MILLION
MILLION
NUMBER OF WEB VISITORS
DOLICEN,
To sustainably improve the recycling of resource
Dolicen is the subsidiary specialized in the manufacturing of recycled PET products, polyester staple fibers and non-woven geotextile. The company has signed an investment agreement of 200 million dirhams as part of the industrial development plan supported by the Ministry of Industry, Trade, Green and Digital Economy
AFRICORP Agri,
high value-added agriculture
AFRICORP Agri was created as part of Africorp Consortium’s diversification strategy, targeting key sectors of the national economy. Given agriculture’s significant socio-economic impact, it remains a priority sector for the Group.
AFRICORP Agri aligns with Morocco’s “Green Generation” strategy, which aims to double the country’s agricultural GDP between 2020 and 2030 to 250 billion MAD.
Launched in 2014, the division has access to extensive agricultural land and an expert team of specialized technicians, engineers, and local and international consultants.
AFRICORP Agri contributes to Morocco’s competitiveness and market expansion by developing high-value agricultural sectors, such as berries, date palms, and pome fruits (pears and apples).AFRIFRUIT
AFRIFRUIT,
Fruit of Africa
• Agadir (southern Morocco): 15 sites, totaling over 280 hectares of greenhouses
• Moulay Bousselham (northern Morocco): over 70 hectares of greenhouses
Since September 2019, Afrifruit has partnered with Tana Africa Capital (TANA), a pan-African investment holding jointly managed by South African family office Mary Oppenheimer Daughters and Singapore’s sovereign fund Temasek Holding. Afrifruit is also a partner of Driscoll’s, the global leader in berries.
In less than four years, Afrifruit has become Morocco’s leading exporter of berries.
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4500
tons
tons
of berry production
15
AGRICULTURAL AREAS
350
HECTARES
HECTARES
GREENHOUSES
AFRICORP Edu,
builder of the schools of the future
AFRICORP Edu has had the ambition, since its inception, to contribute to the qualitative and quantitative strengthening of education in Morocco. To this end, it offers services related to the development and management of educational infrastructure, training, teaching and extracurricular activities. .
AFRICORP Edu made its first steps within the framework of the partnership with the network of Belgian schools in Morocco (EBM). AFRICORP Edu supports this institution in the development of a quality school offer. It thus concretized the two Belgian Schools of Casablanca, and the Belgian School of Rabat.
The Belgian Schools are part of the teaching program of the Wallonia-Brussels Federation in Morocco, defined and framed by the cooperation agreement bilateral agreement signed on May 21, 2014 between the Kingdom of Morocco and the Kingdom of Belgium.
AFRICORP Edu will soon extend its network to Tangier and Marrakech, and eventually in sub-Saharan Africa
Key figures :
4
Lines Of Business
Lines Of Business
CONSTRUCTION AND MANAGEMENT OF EDUCATIONAL FACILITIES
DEVELOPMENT OF EXTRA-CURRICULAR ACTIVITIES
PROVISION OF SCHOOL ADMINISTRATIVE SERVICES
TEACHER TRAINING
AFRICORP Mining,
stakeholder in the development of the Moroccan subsoil
This national strategy aims to achieve:
• 15 billion dirhams in revenue by 2025
• Doubling the number of jobs in the sector
• Increasing investment in mining exploration and research tenfold
AFRICORP Mining collaborates with other industry players to integrate Morocco into the global mining value chain. The company operates three copper mines (two in Talsint and one in Argana via its subsidiary Merija), as well as ten aggregate quarries for mining, cement plants, concrete production, road construction, and large infrastructure projects, through its subsidiary Granal.AFRICORP Mining aims to expand further through the development of its existing permits and new acquisitions.
GRANAL,
The reference operator in quarry exploitation
The company now manages ten sites, including two operated on behalf of Managem.
Granal is committed to sustainable regional development, with a CSR policy based on three key pillars:
1. Environmental Protection – Reducing emissions by 50% and recycling over 90% of wastewater.
2. Social Engagement – Supporting education, sports, and community well-being.
3. Local Employment – Prioritizing hiring from local communities.
Granal aims to expand nationwide, with plans to develop new sites in Casablanca, Larache, Agadir, Tetouan, and other key economic hubs across Morocco.
MERIJA,
Unlocking Morocco’s Mining Potential
- Two in Talsint (Bouarfa province)
- One in the Beni Mellal region (near Ksiba)
- Tarwa License (Acquired in 2022 – 12 km from Merija, currently in production).
- Naour License (Acquired in 2024, following an ONHYM tender in Beni Mellal, near Ksiba – under development).
Like Granal, Merija follows a CSR strategy, including:
- Hiring workers from nearby villages
- Equipping a well with solar panels and an extraction pump to support irrigation in Merija Foukaniya Village (80 hectares of farmland)
INTERNATIONAL DEVELOPMENT
Dolidol
Partner of the continent’s industrial development
Dolidol is accelerating its geographic expansion across Africa. With nine production units in five countries, it has been present in Morocco and Côte d’Ivoire since 2016, supplying neighboring West African markets such as Ghana, Burkina Faso, Mali, Guinea, and Liberia.In 2021, Dolidol made a strategic move by acquiring Mouka, Nigeria’s leading foam manufacturer, expanding its reach to a market of over 200 million people.
Expansion into the Middle East
As part of its internationalization strategy, Dolidol is expanding beyond Africa.
In 2025, the company took a major step forward by acquiring a majority stake in Intercoil International, a leading bedding and sleep industry player in the Middle East for over 50 years.
This $55 million investment allows Dolidol to enter the United Arab Emirates, Saudi Arabia, and 18 other regional markets.
A Sustainable Industrial and Social Impact
These major investments in Africa and the Middle East foster knowledge exchange, industrial expertise, and job creation.
Dolidol’s expansion also strengthens the industrial strategies of its host countries, positioning it as a leading player in the bedding market across Africa and the Middle East through innovation, quality, and sustainability.
CSR
A corporate citizen committed to noble causes
AFRICORP CONSORTIUM has been involved for many years in the implementation of social actions in favor of vulnerable populations. This commitment is part of the Group’s vocation, enshrined in its values and disseminated among all members of the AFRICORP CONSORTIUM community.
In this context, Dolidol has pursued its societal approach by committing to combating school drop-outs in rural areas. About fifty employees participated in the “Solidarity Climb” program during which they provided supplies and support to the “Dar Talib” boarding school in the village of Tabant. This boarding school, which provides free accommodation and food for 162 students between 12 and 18 years of age, received a donation of 162 mattresses. Prior to this event, a call for donations was initiated involving the 2,400 employees of AFRICORP Industry .
In previous years, Dolidol has also carried out numerous social actions.
- In 2017, launch of a medical coverage program for the company’s distributors and upholsterers. Dolidol distributes its products throughout Morocco through a network of some 1,000 dealers and upholsterers.
- In 2016, combating school drop-outs in collaboration with the Sanady Foundation for the benefit of operators’ children. Through this initiative, Dolidol has strengthened its ties with its employees and contributed to supporting education, a cause of national mobilization, by engaging with workers.
- Also in 2016, the “NoujoumDolidol” program promoted the talents of employees by organizing a convention and producing a hymn and a video clip celebrating Dolidol.
- In 2015, the company’s 1,400 employees celebrated the 40th anniversary of the Green March at the Dolidol industrial complex.
- Also, in 2015 Dolidol entered into a partnership with the “Bahri Dima Clean” association, which provided 150 Dolidol employees, accompanied by their children, with the opportunity to clean up Aïn Diab beach. This action was topped off with educational activities to raise awareness about the environment.
- In 2014, some 34 Dolidol employees raised the company’s flag to the top of Toubkal, the highest summit of Morocco. This action allowed participants to show their solidarity through this challenge.
AFRICORP Mining , the Mines and Quarries division, has also been committed since its creation to the sustainable development of the regions where it operates, by adopting a CSR policy revolving around the protection of the environment, the development of societal commitment: education, sports and social welfare and also by promoting the employment of the local population.
NEWS
News
