FINANCIAL MARKET HEADLINES
| MOROCCO | MANAGEM | Ordinary bond issuance for a maximum amount of MAD 1.5 Bn
The AMMC approved, on December 6th 2021, an information prospectus related to Managem ordinary bonds issuance for a maxi-mum amount of MAD 1.5 Bn. The risk premium ranges from 100 BPS to 110 BPS while the subscription period is scheduled from December 14th 2021 to December 16th 2021 included.
| MOROCCO | CENTRALE DANONE | Buyout offer project launched by Compagnie Gervais Danone
According to the AMMC, Compagnie Gervais Danone has filed a public buyout offer project on Centrale Danone shares. As a re-sult, the AMMC asked the Casablanca Stock Exchange to suspend the trading of Centrale Danone shares. Note that this public buyout offer project targets the Centrale Danone shares that are not held by Compagnie Gervais Danone. Following this offer, Centrale Danone intends to request its delisting from the CSE.
ECONOMIC HEADLINES
| MOROCCO | CEMENT | Domestic consumption up 16% at the end of November 2021
In November 2021, cement sales increased by 11.4% to 1,227,984 tons. In this context, domestic consumption during the first 11 months of 2021 stood at 12,719,348 tons, up 15.6% year-on-year.
| MOROCCO | ICT | Results of ANRT survey for the year 2020
According to the latest ANRT survey on Information and Communication Technologies carried out on behalf of 2020, 99.9% of indi-viduals are equipped with mobile telephony, with 90.4% having a smartphone. In addition, households equipment rate with fixed line stands at 21.2% while the proportion of households with Internet access stands at 84.5% during the same period.
| TUNISIA | INFLATION | An inflation rate of 6.4% in November 2021
In November 2021, the inflation rate in Tunisia increased to 6.4% from 6.3% in October and 6.2% in September. This increase is mainly due to the acceleration in the pace of price increases for transport products and services (5.4% against 4.9% last month) and education products and services (9.1% against 7.8% in October). In addition, a slight deceleration is observed in the annual rate of increase in food prices (6.9% against 7.0%).
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