Morning Brief August 29th 2023

FINANCIAL MARKET HEADLINES

| MOROCCO | BANK OF AFRICA | Consolidated NBI up 8% in H1 2023
In Q2 2023, the consolidated NBI of Bank Of Africa shows an increase of 10.8% to MAD 4,571 Mn. In H1 2023, this amounted to MAD 8,405 Mn, up 8.4%.

| MOROCCO | MARSA MAROC | Consolidated revenue up 6% in H1 2023
In H1 2023, the overall traffic handled by Marsa Maroc and its subsidiaries amounted to 27 MT, up 8%. In this context, the opera-tor’s consolidated revenue recorded an increase of 6% during the same period to MAD 2,119 Mn.

| MOROCCO | HPS | Global revenue up 17% in H1 2023
In Q2 2023, HPS’s global revenue increased by 14.2% to MAD 297 Mn. In H1 2023, these show an appreciation of 16.9% to MAD 562 Mn.

| MOROCCO | EQDOM | NBI down 5% in H1 2023
At the end of June 2023, Eqdom's NBI stood at MAD 293 Mn, recording a decrease of 5% compared to the same period of the pre-vious year.

ECONOMIC HEADLINES
| CÔTE D’IVOIRE | COCOA | Cocoa bean production down 10% in H1 2023
According to the Department of Forecasts, Policies and Economic Statistics, the production of cocoa beans in Côte d'Ivoire fell by 9.7% in H1 2023 to 889,408 tons against 994,549 tons in H1 2022.

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