FINANCIAL MARKET HEADLINES
| MOROCCO | STROC INDUSTRIE | Revenue up 41% in H1 2022
In Q2 2022, Stroc Industrie's revenue jumped by 29.4% to MAD 22.9 Mn. In H1 2022, the operator’s turnover rose by 41.2% to settle at MAD 39.1 Mn.
ECONOMIC HEADLINES
| MOROCCO | FOREIGN TRADE | Widening of the trade deficit at the end of July 2022
At the end of July 2022, exports of goods and services amounted to MAD 320.0 Bn, up 42.7%. Likewise, imports increased by 42.3% to MAD 428.5 Bn. To this end, the global trade deficit stands at MAD -108.5 Bn against MAD -76.9 Bn a year earlier. The overall coverage rate gained 0.2 point to 74.7%.
Travel receipts jumped from MAD 13.1 Bn at the end of July 2021 to MAD 36.7 Bn at the end of July 2022. Likewise, worker remit-tances and receipts from FDI recorded respective increases of 7.4% and 40.3% to MAD 58.2 Bn and MAD 23.8 Mn.
| GABON | RATING | Fitch Ratings revises Gabon's outlook to positive
On August 26th 2022, Fitch Ratings has revised the Outlook on Gabon's Long-Term Foreign-Currency Issuer Default Rating (IDR) to Positive from Stable and affirmed the IDR at “B-”.
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