FINANCIAL MARKET HEADLINES
| MOROCCO | CRÉDIT DU MAROC | NIGS up 12% at the end of September 2022
| MOROCCO | CIH BANK | The characteristics of the cash capital increase
AMMC approved, on October 28th 2022, the prospectus related to the capital increase of CIH Bank. The main characteristics of the operation are as follows:
- Par total amount of the issue : MAD 64,507,300;
- Number of shares to be issued : 645,073 shares;
- Issuance price : MAD 310 per share with an initial premium of MAD 210;
- Total amount of the Offer : MAD 199,972,630;
- Exchange ratio : 11 new shares for 483 preferential subscription rights;
- Dividend vesting date : January 1st 2022;
- Subscription period : from November 10th to November 30th 2022 included.
ECONOMIC HEADLINES
| CAMEROON | INFLATION | Consumer prices in Douala up 6.9% y-o-y in September 2022
According to the National Institute of Statistics (INS), household final consumer prices in Douala recorded an increase of 0.4% in September 2022 compared to the previous month. Year-on-year, the inflation rate stands at 6.9%.
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