FINANCIAL MARKET HEADLINES
| MOROCCO | TAQA MOROCCO | NIGS up 36% in H1 2022
| MOROCCO | WAFA ASSURANCE | NIGS up 47% in H1 2022
| MOROCCO | AFRIC INDUSTRIES | Net income down 21% in H1 2022
| MOROCCO | LYDEC | AMMC approved the prospectus related to the Mandatory Public Buyout Offer
AMMC approved, on September 15th 2022, the prospectus related to the Mandatory Public Buyout Offer on Lydec shares on the iniative of Veolia Environnement SA acting in concert with its 100% owned subsidiary, Vigie 50 AS. The main characteristics of this operation are as follows:
- Number of shares concerned : 127,113 shares;
- Offer price : MAD 262 per share, ex-coupon;
- Maximum amount of the Offer : MAD 33,303,606;
- Offer duration : from September 23rd to October 6th 2022 included.
| CÔTE D’IVOIRE | SIB | Net income up 20% in H1 2022
In H1 2022, the NBI of SIB (Société Ivoirienne de Banque) jumped by 11% to FCFA 43.5 Bn. Similarly, the bank's net income rec-orded an increase of 20% during the same period to settle at FCFA 22.8 Bn.
ECONOMIC HEADLINES
| WAEMU | KEY RATE | BCEAO raised its key rates by 25 BPS
The Monetary Policy Committee of the Central Bank of West African States (BCEAO) decided, on Wednesday September 14th 2022, to raise its key rates by 25 BPS, starting from September 16th 2022. Thus, the main key rate at which the Central Bank lends re-sources to banks has been raised from 2.25% to 2.50%.
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