FINANCIAL MARKET HEADLINES
| MOROCCO | BANK OF AFRICA | Recurring NIGS up 35% at the end of September 2021
| MOROCCO | TGCC | The AMMC approved the prospectus relating to the IPO
The AMMC has approved, on November 19th 2021, an information prospectus related to the Initial Public Offering of TGCC. The offering will be realized through a capital increase and a shares sale. The main characteristics of the operation are the following:
- Issue price : MAD 136 ;
- Par value : MAD 1O ;
- Number of new shares to issue : 2,205,890 shares ;
- Number of new shares to sell : 2,205,890 shares ;
- Maximum total offering's amount : MAD 600,002,080 ;
- First listing procedure : Firm price offer ;
- Subscription period : From November 29th to December 3rd 2021, at 03h30 PM included.
| TUNISIA | SMART TUNISIE | The company obtains the approval of BVMT for its IPO
SMART Tunisie has just obtained the agreement in principle of BVMT (Tunis Stock Exchange) Council regarding its Initial Public Offering.
ECONOMIC HEADLINES
| MOROCCO | CPI | Prices up 1.7% y-o-y in October 2021
In October 2021, the Consumer Price Index showed an increase of 0.7% compared to the previous month, taking into account the increase of 1.4% of the food products index and of 0.3 % of the non-food products index. On a year-on-year basis, the CPI rose by 1.7%.
Note that the underlying inflation indicator, which excludes products with volatile prices and products with public tariffs, increased by 0.5% compared to September 2021 and by 2.7% compared to October 2020.
| MOROCCO | PORTS | Port traffic down 2.6% at the end of October 2021
At the end of October 2021, traffic carried through ports managed by the ANP reached an overall volume of 75.4 million tons, thus recording a decline of 2.6% year-on-year.
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