FINANCIAL MARKET HEADLINES
| MOROCCO | AFRIQUIA GAZ | Consolidated net income down 86% in H1 2020
|
Indicators (MAD Mn) |
H1 2019 |
H1 2020 |
Change |
|
Revenues |
3447 |
2959 |
-14,2% |
|
EBIT |
465 |
65 |
-86,0% |
|
Operating margin |
13,5% |
2,2% |
-11,3pts |
|
Consolidated NI |
347 |
48 |
-86,1% |
|
Net margin |
10,1% |
1,6% |
-8,5pts |
| MOROCCO | MAGHREB OXYGÈNE | Consolidated net income down 68% in H1 2020
|
Indicators (MAD Mn) |
H1 2019 |
H1 2020 |
Change |
|
Revenues |
119 |
111 |
-7,3% |
|
EBIT |
11 |
1 |
-90,0% |
|
Operating margin |
9,2% |
1,0% |
-8,1pts |
|
Consolidated NI |
8 | 3 |
-67,9% |
|
Net margin |
7,0% |
2,4% |
-4,6pts |
| MOROCCO | TAQA MOROCCO | Bond loan issuance of MAD 2.7 Bn by private placement
Taqa Morocco carried out a bond loan issuance by private placement for a total amount of MAD 2.7 Bn, with qualified investors.
The operation is structured in a single tranche, negotiable over-the-counter and repayable by linear semi-annual amortizations in 36 maturities up to March 2038.
ECONOMIC HEADLINES
| TUNISIA | INFLATION | Inflation rate dropped to 5.4% in August 2020
In August 2020, the inflation rate in Tunisia fell to 5.4% y-o-y against 5.7% during the previous month. This decline is explained by the deceleration in the pace of increase in the prices of food (3.9% against 4.0%) as well as alcoholic beverages and tobacco (17.5% against 27.5%).
| SENEGAL | INFLATION | An inflation rate of 3% in August 2020
According to the National Agency for Statistics and Demography of Senegal, the Harmonized Consumer Prices Index rose by 2.2% in August 2020, compared to the previous month. On a y-o-y basis, the country’s inflation rate stood at 3.0% at the level of the community convergence threshold set by the WAEMU.
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