FINANCIAL MARKET HEADLINES
| MOROCCO | BCP | NIGS up 1% at the end of September 2022
| MOROCCO | CIH BANK | Capital increase reserved for employees for an amount of MAD 400 Mn
AMMC approved, on November 15th 2022, the prospectus related to the capital increase of CIH Bank reserved for the employees. The main characteristics of the operation are as follows:
- Total amount of the issue : MAD 399,999,944;
- Number of shares to be issued : 1,612,903 shares;
- Subscription price : MAD 248 per share;
- Subscription period : From December 7th to 13th 2022 included.
ECONOMIC HEADLINES
| BENIN | INFLATION | Consumer prices up 2.1% y-o-y in October 2022
According to the National Institute of Statistics and Demography (INSTAD), Benin's Harmonized Consumer Prices Index rose by 3.5% in October 2022 compared to the previous month. Year-on-year, the inflation rate stands at 2.1%.
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