FINANCIAL MARKET HEADLINES
| MOROCCO | ATTIJARIWAFA BANK | Issuance of a perpetual subordinated bond loan of MAD 500 Mn
The AMMC approved, on December 10th 2020, a prospectus related to the issuance by Attijariwafa bank of a perpetual subordinat-ed bond loan with loss absorption and coupon payments cancellation. The amount of this operation is set at MAD 500 Mn.
| MOROCCO | ATTIJARIWAFA BANK | Issuance of a subordinated bond loan of MAD 500 Mn
The AMMC approved, on December 10th 2020, a prospectus related to the issuance by Attijariwafa bank of a subordinated bond loan with a maturity of 7 years. The amount of this operation is set at MAD 500 Mn.
ECONOMIC HEADLINES
| WAEMU | GDP | An increase in economic activity of 0.6% in Q3 2020
According to the Central Bank of West African States, economic activity in the WAEMU region grew by 0.6% in Q3 2020, year-on-year. This results from the increase observed in the primary sector (+1.6%). The secondary and tertiary sectors recorded moder-ate growth of 1.0% and 0.1% respectively.
| SENEGAL | INFLATION | Prices up 2.4% y-o-y in November 2020
According to the National Agency for Statistics and Demography, Senegal's Harmonized Consumer Prices Index fell by 0.5% in November 2020, compared to the previous month. On a year-on-year basis, the country’s inflation rate stands at 2.4% below the community convergence threshold of 3.0% set by WAEMU.
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