FINANCIAL MARKETS HEADLINES
| MAROC | LABEL VIE | Issuance of an ordinary bond loan by private placement for MAD 1 bn
In a press release, Label Vie announced that it has issued an ordinary bond loan by private placement for a total amount of MAD 1 Bn, with qualified investors. The transaction was structured as follows:
- A tranche A at a revisable rate repayable in fine at the end of a period of 5 years;
- A tranche B at a fixed rate repayable in fine at the end of a period of 5 years;
- A tranche C at a revisable rate repayable by annual linear amortizations over a period of 7 years;
- A tranche D at a fixed-rate repayable by annual linear amortizations over a period of 7 years.
| MOROCCO | CMGP GROUP | ADP II Holding 10 Luxembourg crossed downward the participation threshold of 33.33%
According to AMMC, ADP II Holding 10 Luxembourg sold on the central market, on December 19th 2024, 824,750 CMGP shares, at the price of MAD 277.80 per share, thus crossing downwards the participation threshold of 33.33% in the company’s capital.
As a result of this transaction, ADP II Holding 10 Luxembourg holds 4,990,949 shares, representing 29.36% of CMGP capital. With-in the six months following this operation, ADP II Holding 10 Luxembourg intends to continue its sales on CMGP.
| MOROCCO | CMGP GROUP | Africa Agriculture crossed downward the participation threshold of 10%
According to AMMC, Africa Agriculture SARL sold on the central market, on December 20th 2024, 21,903 CMGP shares, at the weighted average price of MAD 277.12 per share, thus crossing downwards the participation threshold of 10% in the company’s capital.
As a result of this transaction, Africa Agriculture SARL holds 1,679,074 shares, representing 9.87% of CMGP capital. Within the six months following this transaction, Africa Agriculture SARL intends to continue its sales on CMGP. Africa Agriculture SARL de-clares acting in concert with MPEF IV LLC.
| MOROCCO | CMGP GROUP | Fipar Holding crossed downward the participation threshold of 10%
According to AMMC, Fipar Holding sold on the block market, on December 19th 2024, 279,889 CMGP shares, thus crossing down-wards the participation threshold of 10% in the company’s capital.
As a result of this operation, Fipar Holding holds 1,423,939 shares, representing 8.37% of CMGP capital. Within the six months following this transaction, Fipar Holding intends to continue its sales on CMGP.
ECONOMIC HEADLINES
| MOROCCO | GDP | A growth rate of 4.3% in Q3 2024
According to HCP, the growth rate of the Moroccan economy stood at 4.3% in Q3 2024 compared to 3.0% a year earlier. This re-sults from the increase of 5.1% in non-crop activities against a decrease of 5.2% in crop activities.
| SENEGAL | GDP | A growth rate of 11.5% in Q3 2024
According to the National Agency for Statistics and Demography (ANSD), Senegal’s GDP displayed a growth rate of 11.5% in Q3 2024. This results from the growth observed in the primary (+5.2%), secondary (+38.9%) and tertiary (+4.0%) sectors.
| MOROCCO | BANK LOANS | An increase of 4% at the end of November 2024
At the end of November 2024, bank loans reached MAD 1,122.5 Bn, up 0.1% compared to the previous month and 4.1% year-on -year. In more detail, mortgages loans (MAD 310.3 Bn), equipment loans (MAD 224.9 Bn), treasury loans (MAD 254.2 Bn), and con-sumer loans (MAD 58.7 Bn) show respective increases of 2.2%, 14.2%, 1.4% and 1.4%. Finally, non-profitable loans reached MAD 98.1 Bn, up 3.8%.
Lire la suite.
