Morning Brief august 10th, 2023

FINANCIAL MARKET HEADLINES

| MOROCCO | UNIMER | Revenue up +9% in H1-2023
In Q2-2023, Unimer's consolidated revenue stood at MAD 347 Mn against MAD 366 Mn in Q2-2022, i.e. a decrease of -5.2% year-on-year. At the tend of June 2023, this recorded an increase of +8.5% to MAD 616 Mn.

ECONOMIC HEADLINES

| WAEMU | INDUSTRY | Industrial production up +4.5% in May 2023
According to the Central Bank of West African States (BCEAO), industrial production in the WAEMU zone increased by +4.5% in May 2023, year on-year. This is mainly due to the improvement in manufacturing production (+2.4%), electricity, water and gas production (+1.3%) and, to a lesser extent, extractive production (+0 .8%) over the same period.

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