FINANCIAL MARKET HEADLINES
| MOROCCO | SOTHEMA | NIGS down 4% in 2022, DPS stable at MAD 25
| MOROCCO | DARI COUSPATE | Net income down 53% in 2022
| MOROCCO | SALAFIN | Net income up 1% in 2022, DPS set at MAD 27
ECONOMIC HEADLINES
| MOROCCO | BANKING LOANS | An increase of 7% at the end of February 2023
At the end of February 2023, the net outstanding bank loans increased by 7.1% year-on-year to reach MAD 1,030.4 Bn. Mortgage loans (MAD 300.2 Bn), treasury loans (MAD 250.9 Bn), equipment loans (MAD 179.8 Bn) and consumer loans (MAD 57.6 Bn) show respective increases of 2.4%, 13.4%, 5.9% and 3.0%. Finally, non-performing loans stood at MAD 89.8 Bn, up 4.6%.
| SENEGAL | GDP | A growth rate of 3.3% in Q4 2022
According to the National Agency for Statistics and Demography, Senegal's economic growth stood at 3.3% in Q4 2022. This was driven by the consolidation of activities in the secondary (+3.9%) and tertiary (+3.8%) sectors. Meanwhile, activities in the primary sector recorded a decline of -1.6% during the same period. Thus, the economic growth is estimated at 4.0% in 2022 against 6.5% in 2021.
Read More.
