FINANCIAL MARKET HEADLINES
| MOROCCO | SNEP | Inauguration of new production capacities for an investment of MAD 600 Mn
On December 6th 2023, SNEP officially inaugurated its new production capacities. With an investment of MAD 600 Mn, this project will increase the operator's production capacity by 50%, improve its operational efficiency and increase its market share.
ECONOMIC HEADLINES
| WAEMU | MONETARY POLICY | The BCEAO raises its key rates by 25 BPS
Following the ordinary meeting of the BCEAO Monetary Policy Committee held on December 6th 2023, it decided to increase the Central Bank's key rates by 25 BPS, starting from December 16th 2023. Therefore, the main key rate at which the Central Bank lends its resources to banks increases from 3.25% to 3.50%. Meanwhile , the required reserve coefficient applicable to banks remains unchanged at 3.0%.
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