FINANCIAL MARKET HEADLINES
| MOROCCO | TAQA MOROCCO | The Group wins 5 lots for the development of solar sites
In a press release, TAQA Morocco announces that it has won 5 lots for the development of solar sites awarded by the Moroccan agency for sustainable energies (MASEN). An award which follows the international call for projects related to the design, financ-ing, construction, operation, maintenance and marketing of the energy produced by the Noor PV II multi-site solar program under the law No. 13-09.
The allocation of lots is the first phase in the process of developing a potential 96 megawatts (MW) of solar energy. In a second step, TAQA Morocco will finalize the technical and commercial development of the solar sites.
ECONOMIC HEADLINES
| MOROCCO | FISHING | Sector revenue up 14% in Q1 2022
According to the National Fisheries Office, landings of inshore and artisanal fishery products fell by 21% in Q1 2022 to stand at 193,955 tons. Meanwhile, the sector's revenue jumped by 14% compared to the same period of the previous year to MAD 2.9 Bn.
| CÔTE D’IVOIRE | INFLATION | Consumer prices up 4.5% y-o-y in March 2022
According to the National Institute of Statistics of Côte d'Ivoire, the Harmonized Consumer Price Index increased by 0.1% in March 2022 compared to the previous month. Year-on-year, the inflation rate stands at 4.5% above the community convergence threshold of 3.0% set by WAEMU.
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