FINANCIAL MARKET HEADLINES
| SENEGAL | SONATEL SN | Issuance of a bond loan of FCFA 100 Bn
SONATEL SN will issue a bond loan worth FCFA 100 Bn on the regional financial market of the WAEMU. This loan will be amor-tized over 7 years at a nominal rate of 6.5% per year. This operation aims to (1) strengthen infrastructure in the voice segment, (2) accelerate the deployment of growth drivers and (3) pursue the modernization and extension of the group’s network. The sub-scription period runs from June 15th to July 15th 2020.
ECONOMIC HEADLINES
| MOROCCO | MOBILE PAYMENT | CMI rolls out new interoperable digital payment services
The Interbank Electronic Payment Center (CMI) announced the deployment of a global infrastructure for contactless mobile pay-ments to mass retailers and local businesses, through new latest generation payment terminals accepting interoperable mobile payments. This will allow merchants to accept all digital payment instruments in circulation and to favor the contactless payment method.
| MOROCCO | ASWAK ASSALAM | Inauguration of the 1st local supermarket
Aswak Assalam has just launched its first local supermarket named "As from Aswak" in Casablanca. This is spread over an area of 1,600 m2 and required an overall investment of MAD 35 Mn.
| SENEGAL | INFLATION | An inflation rate of 2.7% in May 2020
According to the National Agency for Statistics and Demography of Senegal (ANSD), the Harmonized Consumer Price Index de-creased by 0.6% in May 2020, compared to the previous month. On a y-o-y basis, the country's inflation rate settles at 2.7% below the community convergence threshold of 3.0% set by the WAEMU.
