FINANCIAL MARKET HEADLINES
| MOROCCO | BCP | NIGS up 26% in 2023
| MOROCCO | MARSA MAROC | NIGS up 4% in 2023, DPS raised to MAD 8.5
| MOROCCO | MAROC TELECOM | Characteristics of the Share Buyback program
AMMC approved, on March 13th 2024, the prospectus related to Maroc Telecom share buyback program. The main characteristics of this program are as follows:
- Maximum number of shares to be held: 1,500,000 shares (i.e. 0.17% of the capital);
- Maximum purchasing price per share: MAD 140 or its corresponding value in euros;
- Minimum selling price per share: MAD 68 or its corresponding value in euros;
- Program duration: from April 15th 2024 to October 14th 2025.
The program will be submitted for authorization to the OGM which will be held on March 28th 2024.
ECONOMIC HEADLINES
| TOGO | INFLATION | An inflation rate of 3.5% in February 2024
According to the National Institute of Statistics and Economic and Demographic Studies (INSEED), Togo's National Harmonized Consumer Prices Index rose by 0.4% in February 2024 compared to the previous month. In annual variation, the inflation rate
stands at 3.5%.
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