FINANCIAL MARKET HEADLINES
| MOROCCO | MANAGEM | Consolidated revenue up 27% in H1 2021
During Q2 2021, Managem's consolidated revenue settled at MAD 1,755 Mn, up 38.1% y-o-y. In this context, the Group’s consolidated revenue show an appreciation of 26.6% in H1 2021 to MAD 3,011 Mn.
| MOROCCO | BOA | Issuance of a perpetual subordinated bond loan of MAD 1 Bn
AMMC approved, on August 4th 2020, an information prospectus related to the issuance by Bank Of Africa of a perpetual subordinated bond loan with loss absorption and coupon payments cancellation. The amount of this operation is set at MAD 1.0 Bn.
ECONOMIC HEADLINES
| WAEMU | BUSINESS CLIMAT | An increase of 12.4 points y-o-y in June 2021
According to the Central Bank of West African States (BCEAO), the WAEMU Business Climate Index stood at 101.7 points in June 2021, down 0.2% compared to the previous month . On a year-on-year basis, the index recorded an increase of 12.4 points.
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