Morning Brief February 12th, 2024

FINANCIAL MARKET HEADLINES
ECONOMIC HEADLINES
| MOROCCO | AFRIQUIA GAZ | Consolidated net income down 7% in 2023, DPS stable at MAD 140

| MOROCCO | MAGHREB OXYGÈNE | Conoslidated net income down 38% in 2023, DPS stable at MAD 4

| MOROCCO | DISWAY | Consolidated revenue down 4% in 2023
In Q4 2023, Disway's consolidated revenue stood at MAD 509 Mn, down 12% year-on-year. In this context, the group's consolidated revenue fell by 4.1% for the FY 2023 to MAD 1,870 Mn.

ECONOMIC HEADLINES
| MOROCCO | LENDING RATES | The weighted average rate stable in Q4 2023
According to the results of Bank Al-Maghrib’s survey on lending rates in Q4 2023, the overall weighted average rate settled at 5.36% stable compared to the previous quarter. In this context, the lending rates rose by 5 BPS to 5.37% for treasury loans against a decrease of 7 BPS to 5.14% for mortgage loans, 20 BPS to 4,91% for equipment loans and 7 BPS to 7.18% for consumer loans.

| SENEGAL | INFLATION | An inflation rate of 2.1% in January 2024
According to the National Agency for Statistics and Demography (ANSD), Senegal's Harmonized Consumer Prices Index decreased by 0.5% in January 2024 compared to the previous month. Year-on-year, the inflation rate reached 2.1%.

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