FINANCIAL MARKET HEADLINES
| MOROCCO | BOA | NIGS up 16% in 2023, DPS stable at MAD 4
| MOROCCO | BOA | Capital increase by incorporation of reserves
The Board of Directors of Bank of Africa met on Friday March 22nd 2024. It would propose to the Extraordinary General Meeting a capital increase by incorporation of reserves leading to the allocation of free shares, for a maximum amount of MAD 632 Mn.
| MOROCCO | HPS | NIGS down 15% in 2023, DPS raised to MAD 6.8
| MOROCCO | M2M GROUP | A loss of MAD 22 Mn
ECONOMIC HEADLINES
| CAMEROON | CEMENT | Commissioning of a new cement plant
Ciments du Portugal (CIMPOR) has commissioned a new cement plant with an installed annual production capacity of 1 MT in the industrial-port zone of Kribi. CIMPOR is thus positioned as the 6th cement factory in Cameroon and brings Cameroon's annual cement production capacity to 8.4 MT. This production capacity should satisfy national Demand estimated at approximately 8 MT.
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