FINANCIAL MARKET HEADLINES

| MOROCCO | COLORADO | Opening of the first showroom in Bamako, Mali

According to the press, Colorado opened a first showroom in Bamako, Mali. This allows the operator to strengthen its presence in Africa. Recall that Colorado is already present in Senegal, Côte d’Ivoire, Cameroon, Algeria, and Mauritania.

ECONOMIC HEADLINES

| MOROCCO | OFFICIAL RESERVE ASSETS | An increase of 25% y-o-y as of January 29th 2021

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As of January 29th 2021, Morocco's Official Reserve Assets reached MAD 313.9 Bn. These show an increase of 25.1% compared to the same period of the year 2020 and of 1.4% compared to the previous week.

| SENEGAL | NET FOREIGN ASSETS | An increase of 11% y-o-y in November 2020

According to the National Agency for Statistics and Demography, the Net Foreign Assets of Senegal stood at FCFA 1,881.8 Bn in November 2020, up 10.8% compared to the same period a year earlier.

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