FINANCIAL MARKET HEADLINES
| MOROCCO | HPS | Acquisition of the company ICPS based in Mauritius
According to a press release, HPS and Mauritius Commercial Bank (MCB) signed on February 8th 2021, an acquisition agreement by HPS of 100% stake of ICPS capital. The latter has been created in 2008 as a subsidiary of MCB (80% stake) in partnership with HPS (20% stake). ICPS provides payment transaction processing services, based on HPS PowerCARD technology, in more than 20 countries in English and French-speaking Africa as well as in Asia.
ECONOMIC HEADLINES
| TUNISIA | INFLATION | The inflation rate stable at 4.9% in January 2021
In January 2021, the inflation rate in Tunisia remained stable at 4.9% for the third consecutive month, after reaching 5.4% in Octo-ber 2020.
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