FINANCIAL MARKET HEADLINES
| MOROCCO | CIH BANK | NIGS down 96% at the end of September 2020
|
Indicateurs (MDH) |
H1 2019 |
H1 2020 |
Variation |
|
NBI |
1 813 |
2 053 |
13,2% |
|
Gross Operating Income |
645 |
735 |
13,9% |
|
GOI margin |
35,6% |
35,8% |
+0,2 pts |
|
Cost of risk |
255 |
771 |
202,7% |
|
NIGS |
249 |
9,2 |
-96,3% |
|
Net margin |
13,7% |
0,4% |
-13,3 pts |
| MOROCCO | AFRIQUIA GAZ | Consolidated revenue down 11% at the end of September 2020
In Q3 2020, Afriquia Gaz consolidated revenue declined by of 2.9% to MAD 1,364 Mn. In this context, the Group's consolidated revenue fell by 10.9% to MAD 4,323 Mn at the end of September 2020.
| MOROCCO | MAGHREB OXYGÈNE | Consolidated revenue down 2.5% at the end of September 2020
In Q3 2020, Maghreb Oxygène's consolidated revenue jumped by 7.9% to MAD 60.2 Mn. Meanwhile, the company's revenue declined by 2.5% to MAD 170.8 Mn at the end of September 2020.
| MOROCCO | STOKVIS | Consolidated revenue down 20% at the end of September 2020
In Q3 2020, Stokvis’s consolidated revenue reached MAD 90 Mn, up 42.9% year-on-year. Meanwhile, the Group's consolidated revenue at the end of September 2020 declined by 19.8% to MAD 195 Mn.
| MOROCCO | HPS | Signing of a strategic partnership with Sipay Plus
The Sipay Plus payment gateway and HPSsigned a new partnership for the combination of their innovative electronic payment technologies in order to maximize the synergies between the two platforms. This will enable the two companies to offer a more complete service and to expand the scope of their operations internationally.
ECONOMIC HEADLINES
| SENEGAL | INDUSTRY | Industrial production down 2.6% y-o-y in September 2020
According to the National Agency for Statistics and Demography, the Harmonized Industrial Production Index recorded an increase of 5.1% in September 2020, compared to the previous month. On a year-over-year basis, industrial production activity fell by 2.6%.
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