FINANCIAL MARKET HEADLINES
| MOROCCO | MARSA MAROC | Commercial commissioning of container terminal 3 at Tangier MED 2 port
According to a press release, Tanger Alliance, a subsidiary of Marsa Maroc, Contship Italia, Eurogate International and Hapag-Lloyd, received on January 1st 2021 its first container ship, thus marking the commercial commissioning entry into service of Con-tainer Terminal 3 of the Port of Tanger Med 2 after 18 months of work for an investment of nearly € 175 Mn. This commissioning concerns a large part of the Terminal. The commissioning of the whole is scheduled before June 2021.
| WAEMU | BRVM 10 | Quarterly rebalancing of the index in Q1 2021
The Regional Stock Exchange announces the quarterly rebalancing of its BRVM 10 index for Q1 2021. For this purpose, the out-going stocks are CORIS BANK INTERNATIONAL BF, CFAO MOTORS CI, ORAGROUP TG, SIB CI and VIVO ENERGY CI while the in-coming stocks are SOCIETE GENERALE CI, BOLLORE TRANSPORT & LOGISTICS CI, CIE CI, BOA CI and NSIA BANQUE CI. As a reminder, the BRVM 10 index includes the 10 most liquid stocks of the regional market.
ECONOMIC HEADLINES
| MOROCCO | VEHICLES | Sales down 20% in 2020
In December 2020, sales of new cars in Morocco were down 2.3% year-on-year. In this context, cumulative sales for 2020 fell by 19.7% to 133,315 units. By segment, private vehicles sales amounted to 116,983 units, down 21.1%. Likewise, sales of light com-mercial vehicles fell by 7.9% to 16,332 units.
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