FINANCIAL MARKET HEADLINES
| MOROCCO | HPS | Results of the capital increase in cash reserved for employees and eligible consultants
The results of the capital increase in cash reserved for employees and eligible consultants of HPS and Group’s subsidiaries are as follows:
- Number of shares before transaction: 703,599;
- Capital before operation: MAD 70,359,900;
- Number of shares issued: 37,020;
- Number of shares after operation: 740,619;
- Capital after operation: MAD 74,061,900.
ECONOMIC HEADLINES
| SENEGAL | GDP | The IMF forecasts a growth rate of 5.3% in 2023
According to the International Monetary Fund (IMF), the Senegalese economy would record a growth rate of 5.3% in 2023 against 4.7% in 2022. This would be driven in part by the emergence of the gas and oil sector.
| CÔTE D’IVOIRE | FOREIGN TRADE | Improvement in the trade surplus at the end of May 2023
According to the Department of Forecasts, Policies and Economic Statistics (DPPSE), Côte d’Ivoire’s exports surged by 16.7% at the end of May 2023 to FCFA 5,118 Bn. Likewise, imports rose by 5.3% during the same period to stand at FCFA 4,513 Bn. In this context, the trade balance shows a surplus of FCFA 605 Bn at the end of May 2023 against FCFA 100 Bn a year earlier.
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