Yariv Elbaz pivots from industrial milling to strategic tech in Morocco

A significant transformation is unfolding within the Moroccan industrial landscape as Yariv Elbaz redefines his economic footprint. In April 2026, the Moroccan Competition Council officially authorized a major transaction: the acquisition of a 68% stake in Forafric Agro Holdings Limited by Cap Holding, an entity controlled by Chakib Alj. This move marks a turning point for Forafric Global, where Elbaz previously held the majority of shares.

A strategic exit from the milling industry

By stepping back from this industrial powerhouse, the businessman is signaling a clear departure from traditional sectors. Elbaz, who first rose to prominence through his ventures in finance, is now steering his ambitions toward high-stakes technological frontiers. His current roadmap prioritizes investments in artificial intelligence, unmanned aerial vehicles (drones), and air defense systems.

The intersection of diplomacy and business

Yariv Elbaz has long occupied a unique position at the crossroads of international relations and commerce. He has been a central figure in the strengthening ties between Morocco, Israel, and the United States, leveraging his influence to bridge economic opportunities with diplomatic objectives. This transition into the defense and tech sectors reflects a broader strategy to align with the strategic priorities of the continent and the kingdom.

From finance to high-tech defense

• April 2026: Approval of the sale of Forafric Agro Holdings to Chakib Alj’s Cap Holding.
• New Focus: Strategic pivot toward defense technologies and AI.
• Geopolitical Role: Continued influence in the trilateral relations involving Rabat, Tel Aviv, and Washington.

While Elbaz remains a character defined by discretion, his professional evolution speaks volumes about the shifting priorities of global entrepreneurs operating in Africa. His journey from managing financial assets to overseeing a milling giant, and now venturing into the future of security technology, illustrates a career built on navigating complex, high-level interests.