According to the EY MENA IPO Eye Q4 2022 report, the MENA region saw a record number of IPOs in 2022 with 51 IPOs and combined proceeds of US$22.0 billion. The year witnessed a 143% increase in the number of listings when compared to the 21 announced in 2
Post-Covid-19, the challenge of adjusting to high fuel and food prices, and to rising global interest rates, is particularly hard for the oil importing countries of the MENA region. Public debts are rising fast towards unsustainable levels. Already, currency devaluation and inflation are combining to lower economic growth, increase poverty, and put more stress on a battered middle-class, leading to a rise of social unrest.
The European Bank for Reconstruction and Development (EBRD) is strengthening its support for the Moroccan agribusiness sector and regional integration, with new financing for Land’Or Maroc Industries (LMI), the Moroccan subsidiary of Land’Or