Morning Brief April 24th, 2024

FINANCIAL MARKET HEADLINES

| MOROCCO | SRM | Revenue down 43% in Q1 2024
In Q1 2024, SRM's revenue amounted to MAD 34.6 Mn, recording a decrease of 43% compared to the same period of the previous year. For its part, the company's EBITDA went from MAD -3.5 Mn in Q1 2023 to MAD -4.5 Mn in Q1 2024.

ECONOMIC HEADLINES

| MALI | INFLATION | An inflation rate of -2% in March 2024
According to the National Institute of Statistics of Mali, the Harmonized Consumer Prices Index shows an increase of 0.7% in March 2024 compared to the previous month. In annual basis, the inflation rate stands at -2.0%.