Morning Brief October 29th 2024

FINANCIAL MARKETS HEADLINES

| MAROC | MARSA MAROC | Signing of a joint venture agreement with CMA CGM Group
In a press release, CMA CGM Group announced the signing with Marsa Maroc, a joint venture agreement. This joint venture, in which CMA CGM and Marsa Maroc will hold 49% and 51% respectively, will equip and operate 50% of the Nador West Med contai-ner terminal, i.e. 35 hectares of container yard and 750 meters of quay with a maximum draught of 18 meters.
Within the framework of a 25-year sub-concession, CMA CGM Group and Marsa Maroc will make major investments totaling $ 280 Mn, with the aim of achieving an annual terminal output of 1.2 million TEUs

| CÔTE D’IVOIRE | ORANGE CI | Consolidated net income up 36% in H1 2024
In H1 2024, Orange’s CI consolidated revenue amounted to FCFA 527 Bn, up 5.7% compared to the same period of the previous year. Likewise, the operator’s consolidated net income jumped by 35.8% at the end of June 2024 to settle at FCFA 76 Bn.

 

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