FINANCIAL MARKET HEADLINES
| MOROCCO | CIH BANK | NIGS up 6% in 2023, DPS stable at MAD 14
| MOROCCO | AFRIC INDUSTRIES | Revenue up 8% in 2023
In Q4 2023, Afric Industries’ revenue reached MAD 10.4 Mn up 28.4% year-on-year. In FY 2023, the company’s revenue recorded an increase of 8.1% to MAD 43.1 Mn.
ECONOMIC HEADLINES
| SENEGAL | GDP | A growth rate of 4.5% in Q3 2023
According to the National Agency for Statistics and Demography (ANSD), the growth rate of the Senegalese economy reached 4.5% in Q3 2023. This results from the improvement in activity in the primary (6.3%), tertiary (4.7%) and secondary (3.9%) sectors.
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