FINANCIAL MARKET HEADLINES
| MOROCCO | MUTANDIS | Recurring net income up 36% in FY 2022, DPS stable at MAD 8.5

ECONOMIC HEADLINES
| MOROCCO | GDP | EBRD forecasts a growth rate of 3.3% in 2023

The European Bank for Reconstruction and Development (EBRD) kept its forecast unchanged regarding the growth rate of the Moroccan economy to 3.3% in 2023.

| BENIN | INFLATION | Consumer prices up 1.3% y-o-y in January 2023
According to the National Institute of Statistics and Demography (INSTAD), Benin's Harmonized Consumer Prices Index rose by 1.0% in January 2023 compared to the previous month. Year-on-year, the inflation rate stands at 1.3%

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