Financial Market Headlines

| MOROCCO | ATLANTASANAD | Consolidated net income up 4% in 2024, DPS raised to MAD 5.8

| MOROCCO | FENIE BROSSETTE | NIGS more than doubled in 2024

Economic Headlines

| TOGO | INFLATION | An inflation rate of 2.1% in February 2025

According to (INSEED), Togo's Harmonized National
Consumer Prices Index rose by 0.3% in compared to the previous month. On an annual basis, the inflation rate
stood at 2.1%.

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