ECONOMIC HEADLINES
| MOROCCO | PORTS | Port traffic down 6% in Q1 2022

In Q1 2022, the traffic carried through the ports managed by the ANP (National Ports Agency) reached an overall volume of 21.7 million tons. This shows a decrease of 5.5% compared to the same period of the previous year.

| BENIN | INFLATION | Prices consumer up 2% y-o-y in March 2022
According to the National Institute of Statistics and Demography, the Harmonized Consumer Price Index of Benin recorded an increase of 0.4% in March 2022 compared to the previous month. Year-on-year, the inflation rate of the country stands at +2.0% below the community convergence threshold of 3.0% set by WAEMU.

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