FINANCIAL MARKETS HEADLINES
| MOROCCO | TOTALENERGIES MARKETING MAROC | The DPS set at MAD 56 for the FY 2023
The shareholders of TotalEnergies Marketing Maroc are convened to the Ordinary and Extraordinary General Meeting on June 6th 2024. This decides to set the DPS at MAD 56 for the FY 2023, stable compared to the previous year. Note that the payment date is scheduled on June 27th 2024.
| BURKINA FASO | ONATEL | Net income up 9% in Q1 2024
At the end of Q1 2024, Onatel's revenue stood at FCFA 34.7 Bn, up 1.2%. Likewise, the operator's net income showed an apprecia-tion of 9.4% to FCFA 5.3 Bn.
| SENEGAL | SONATEL | Net income up 17% in Q1 2024
At the end of March 2024, Sonatel posted revenue worth FCFA 425.4 Bn, rising by 10.6%. Furthermore, the operator's net income recorded an increase of 16.8% during the same period to settle at FCFA 96.6 Bn.
ECONOMIC HEADLINES
| MOROCCO | PUBLIC FINANCES | Figures in Q1 2024
In Q1 2024, ordinary Treasury revenues increased by 13.2% to stand at MAD 88.4 Bn. This results from the increase of 9.9% in tax revenue to MAD 80.9 Bn and 89.8% in non-tax revenue to MAD 6.2 Bn. Moreover, overall expenses reached MAD 78.8 Bn, up 2.9%, taking into account an increase of 1.7% in ordinary expenses to MAD 76.9 Bn and a decline of 4.9% in CAPEX to MAD 22.1 Bn. Note that the subsidies expenses stood at MAD 8.1 Bn during the same period, down 10.8%.
| MOROCCO | REAL ESTATE | Housing starts up 57% in 2023
According to the Ministry of National Territory Planning, Urban Planning, Housing and City Policy, housing production in Morocco displayed an increase of 3.6% in 2023 to settle at 258,216 units. Furthermore, housing starts jumped by 56.6% during the same period to 314,538 units.
