FINANCIAL MARKET HEADLINES
| MOROCCO | ALUMINIUM DU MAROC | NIGS up 49% in 2023, DPS raised to MAD 90
| MOROCCO | ALUMINIUM DU MAROC | Merger project by absorption of the company Industube
The Board of Directors of Aluminium du Maroc has approved the terms of the Draft Merger Agreement through absorption of the Company Industube S.A ("Absorbed Company") by the Société Aluminum du Maroc S.A ("Absorbing Company"), a subsidiary which it holds 99.99%. This merger project will allow the consolidation of the absorbed company activities, the optimization of costs and increased integration of already existing operations between the absorbed company and the absorbing company.
Note that the Board of Directors has decided to convene an Extraordinary General Meeting for the purpose of deliberating on the project.
| MOROCCO | JET CONTRACTORS | Consolidated net income up 170% in 2023, DPS set at MAD 7
ECONOMIC HEADLINES
| CEMAC | MONETARY POLICY | The BEAC keeps its key rates unchanged
Following its last monetary policy meeting on March 25th 2024, the Bank of Central African States (BEAC) decided to maintain the Interest rate for tenders at 5%, the marginal lending facility rate at 6.75%, the deposit facility rate at 0% and the minimum reserve coefficients at 7% on due on demand and 4.5% on term payable.
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