Morning Brief October 15th 2024

FINANCIAL MARKETS HEADLINES

| MOROCCO | MUTANDIS | Crossing of the 5% participation threshold
According to AMMC, the company Patrimoine Gestion et Placements sold on the official market on October 8th 2024, 135,000 Mutandis shares at a unit price of MAD 300, thus directly crossing downwards the 5% participation threshold in the company's capital. Following this transaction, the company Patrimoine Gestion et Placements holds 406,634 shares, representing 4.4% of Mutandis par capital.
Within the six months following this operation, Patrimoine Gestion et Placements intends to stop its sales on Mutandis stock.

ECONOMIC HEADLINES

| BENIN | INFLATION | An inflation rate of 2.6% in September 2024
According to the National Institute of Statistics and Demography (INStaD), Benin’s Harmonized Consumer Prices Index decreased by 1.1% in September 2024 compared to the previous month. Year-on-year, the inflation rate settles at 2.6%.

 

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