RESEARCH PAPER EQUITY

Research Paper - LBV 2022 Results

At the end of 2022, Label Vie's revenue stands at 13,947 Bn, slightly higher than our forecasts which anticipated an activity level of 13,556 Bn. Therefore, yhe Group recorded a sustained growth of +18.6% in 2022, the highest in the last decade.

Résultats sociétés cotées T4-22

Q4-22 Listed companies results

During 2022, listed companies operated in a particularly unfavorable environment. For in-stance, we note a historically high average inflation rate of 6.6%, an appreciation of the dollar compared to the dirham of 13.1% and a bullish reversal of rates in Morocco supported by Bank Al-Maghrib's new monetary policy.

Attijari Intermédiation

Attijari Intermédiation is today the leader in the stock market brokerage. It offers to local and continental clients a range of investment services on the stock markets.

LF VANG

SENEGAL_FY 2023 Finance Act_ A taste of the new oil era

Senegal has accustomed us to posting very high growth rates which find origin in a diversified economy. In a crisis period, Senegal has shown strong resilience, and is one of the few economies to maintain a positive growth rate.

FIXED INCOME

Key Rate Dec 2022

Following the inflationary surge in Morocco which reached a 30-year high, i.e. above 8.0% in October, the institution is continuing its restrictive policy by prioritizing the support of price stability.

AGR HOUSE VIEW VANG

AGR House View - January 2023

In this first edition of the AGR House View, we looked at recent developments within the Moroccan stockmarket as well as the signals which would argue in favor of a new paradigm starting from 2023.

Attijari Securities West Africa

Mohamed Lemridi, General Manager Attijari Securities West Africa presents the services offered by ASWA, namely Brokerage, Securities Portfolio Management and Custody.

Attijari Finance Corp. – Financing corporate growth

Driss Nejjar, Deputy CEO - Attijari Finances Corp. looks back on the financing through debt or capital

STRATEGY

Morocco Key Rate Expectations - Dec. 22

During our survey conducted in December, we identified investors' expectations regarding the evolution of the Moroccan central bank key rate during its 4th and last monetary policy meeting in 2022.