Moroccan IT Giant Diffazur Enters Receivership Amid Financial Crisis

It is difficult for the Diffazur Group to emerge from the crisis it is going through. Created by the Jamali brothers in 1992, this group was the main challenger to the current leader Disway with a turnover of around 500 million dirhams. After a safeguard procedure that lasted nearly a year, the Commercial Court of Casablanca decided to place it in receivership, reports Challenge.

The group has experienced three years of financial asphyxiation. It has lost major cards such as that of the American HP or the Japanese Canon. The appearance of Covid-19 has complicated things for the former IT distribution giant. Orders for computers, servers and other household appliances have become scarce.

Meanwhile, the current Moroccan leader in the sector, Disway, is showing rare resilience. Its turnover in Morocco increased by 6% to reach 675 million DH for the first six months of 2020, with an operating result improving by 12% to 50 million DH.