Morning Brief December 16th 2024

FINANCIAL MARKETS HEADLINES

| MOROCCO | ATTIJARIWAFA BANK | Issue of a subordinated bond worth MAD 1.5 Bn
AMMC approved, on December 13th 2024, a prospectus related to the issuance by Attijariwafa bank of a subordinated bond for an amount of MAD 1.5 Bn with a maturity of 7 years. The risk premium varies between 45 BPS and 50 BPS while the subscription period runs from December 20th to 24th 2024 included.

| MOROCCO | MARSA MAROC | EBRD grants a funding worth MAD 690 Mn to Marsa Maroc
In a press release, EBRD announced that it has granted a funding worth MAD 690 Mn (equivalent to € 65 Mn) to Marsa Maroc. This will be used to finance the expansion of the capacity of the multipurpose terminals operated by Marsa Maroc in the ports of Casa-blanca and Jorf Lasfar through infrastructure works aimed at increasing their handling capacity, as well as the acquisition of hy-brid cranes and electric cranes on rails.
EBRD will also support the digital transformation of Marsa Maroc through technical cooperation activities financed by the Europe-an Union, including the development and introduction of cutting-edge digital solutions at the Casablanca multipurpose terminal, as well as a "gender-responsive" digital training program for employees of Marsa Maroc Group.

ECONOMIC HEADLINES

| MALI | INFLATION | An inflation rate of 6.6% in November 2024
According to the National Institute of Statistics of Mali (INStat), the Harmonized Consumer Price Index decreased by 0,3% in No-
vember 2024 compared to the previous month. On an annual basis, the inflation rate stood at 6.6%.