Morning Brief - september 19th, 2022

FINANCIAL MARKET HEADLINES
| MOROCCO | SONASID | NIGS up 26,5% in H1 2022

| MOROCCO | IMMORENTE INVEST | A profit of MAD 4 Mn in H1 2022

| TUNISIA-MOROCCO | ENNAKL AUTOMOBILES | NIGS up 13% in H1 2022

ECONOMIC HEADLINES
| MOROCCO | PUBLIC FINANCES | Figures at the end of August 2022
At the end of August 2022, ordinary Treasury revenue jumped by 21.0% to MAD 193.3 Bn. This results from the increase of 19.8% in tax revenue to MAD 167.5 Bn and 33.3% in non-tax revenue to MAD 23.4 Bn.
Overall expenses reached MAD 223.7 Bn, up 10.1%, following the 12.9% increase in ordinary expenses to MAD 192.6 Bn and 11.6% in CAPEX to MAD 47.2 Bn. Note that subsidies expenses more than doubled to settle at MAD 28.6 Bn during the same period.

Read More.