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The Moroccan Economy in Brief: Friday, October 14, 2022

Public establishments and enterprises: 76 entities in liquidation:

The portfolio of public establishments and enterprises (EEP) in liquidation consisted of 76 entities at the end of 2021, according to the activity report of the Department of Public Enterprises and Privatization (DEPP). These are 13 public establishments, 14 state companies, 24 public subsidiaries and 25 mixed companies, specifies the report for the year 2021, noting that this portfolio saw the addition of two entities in 2021, to namely the OCE and the Cherifian Society of Salts (SCS).

Capital increase: Green light for Moroccan employees of Axa:

The Moroccan Capital Market Authority (AMMC) announced that it had approved, on Thursday, a final prospectus relating to the capital increase of the company "AXA" reserved for group employees. This operation, which will be carried out through the issue of a maximum of 58,951,965 shares, concerns in Morocco the employees of the companies "Axa Assurance Maroc", "Axa Assistance Maroc Services", "Carré Assurance Maroc", "Axa Services Maroc GIE”, “Axa France IARD branch”, “Axa France Vie branch”, “AVANSSUR branch” and “Axa Group Operations Morocco Branch”. The subscription price is 22.16 euros, or 237.01 dirhams.

Consumption: The price index rose slightly in August 2022:

The Consumer Price Index (CPI) rose by 0.2% at the end of August 2022 in Casablanca compared to the previous month. Thus, the CPI reached the level 112.1 in August against 111.9 in July 2022, indicates the High Commission for Planning (HCP) in a note relating to the CPI. In comparison with its level of the same month of the previous year, the CPI increased by 7.6%, specifies the same source.

Capital Markets: The AMMC hosts the 47th Annual Meeting of IOSCO:

The Moroccan Capital Market Authority (AMMC) is organizing an international conference on October 20, 2022, on the sidelines of the 47th annual meeting of the International Organization of Securities Commissions (IOSCO) to be held in Marrakech from October 17 to 19, 2022 Organized under the theme “Global Capital Markets – Expect the unexpected: a trilemma for capital markets”, this unique conference will bring together members of the government, renowned economists, financial experts and capital market regulators for a series of debates and discussions.

Bank Of Africa publishes its 2021 annual report in digital version:

The Bank Of Africa (BOA) Group has announced the online publication of the 2021 integrated annual report in its digital version, produced according to the international integrated information framework of the IIRC (International Integrated Reporting Council). "In accordance with our approach to social and environmental responsibility, it aims to reflect our strong commitment as well as our approach of perpetual innovation in terms of social responsibility and finance with a sustainable and inclusive impact", says the Group in a press release.