FINANCIAL MARKET HEADLINES

| MOROCCO | LABEL VIE | NIGS up 6% in 2020, DPS raised to MAD 60

Indicators (MAD Mn)

2019

2020

Change

Revenue

10 396

11 012

5,9%

EBITDA

790

910

15,2%

EBITDA margin

7,6%

8,3%

+0,7 pts

NIGS

312

330

5,9%

Net margin

3,0%

3,0

-

DPS (MAD)

56,36

60

6,5%

 

| MOROCCO | DISWAY | Consolidated revenue up 5.3% in 2020

In 2020, Disway's consolidated revenue stood at MAD 1,709 Mn compared to MAD 1,623 Mn a year earlier, recording an increase of 5.3%.

ECONOMIC HEADLINES

| MOROCCO | INVESTMENT | Approval of investment projects worth MAD 11.3 Bn

The investment commission held under the chairmanship of the head of government on February 17th 2021 approved 34 projects for a total amount of MAD 11.3 Bn. These should generate 3,500 direct jobs and 5,819 indirect jobs. These projects will be as follows :

29% in the tourism and leisure sector, 22% in transport and infrastructure, 20% in education and higher education, 18% in renewable energies and desalination of seawater and finally 11% in industry.

| TOGO | INFLATION | Prices up 1.9% y-o-y in January 2021

According to the National Institute of Statistics and Economic and Demographic Studies, Togo's Harmonized National Consumer Price Index rose slightly by 0.2% in January 2021, compared to the previous month. Year-on-year, the inflation rate stands at +1.9% below the community convergence threshold set at 3.0% by WAEMU.

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