French retailer Carrefour’s franchisee Label’Vie plans to invest MAD800m (£62.1m) in Morocco.

The investment programme will focus predominantly on smaller cities. Two Carrefour hypermarkets are to open in Fez and Oujda, close to the border with Algeria.

Following the rebranding of its cash and carry Carrefour Maxi banner to Atacadão, five new shops are to open in Morocco.

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