FINANCIAL MARKET HEADLINES
| MOROCCO | MARSA MAROC | Net consolidated revenue up 10% in 2022
In Q4 2022, Marsa Maroc's consolidated revenue stood at MAD 984 Mn, up 4.4% y-o-y. In 2022, the overall traffic handled by Marsa Maroc and its subsidiaries amounted to 50.4 MT, up 6.8%. Likewise, the operator’s consolidated revenue recorded an increase of 9.9% during the same period to MAD 3,949 Mn.
| MOROCCO | CARTIER SAADA | Revenue up 11% in 2022
During the period from 04/01/2022 to 12/31/2022, Cartier Saada's revenue increased by 10.5% to MAD 180.4 Mn. In this context, exports represented 97% of the company's revenue, up 15.5% during the same period.
ECONOMIC HEADLINES
| MOROCCO | PUBLIC FINANCES | Figures in January 2023
In January 2023, ordinary Treasury revenue increased by 15.8% to MAD 25.4 Bn. This results from the increase of 9.5% in tax rev-enue to MAD 23.5 Bn and non-tax revenue rose from MAD 0.2 Bn to MAD 1.4 Bn.
Overall expenditure reached MAD 24.8 Bn, up 11.5%, taking into account a slight decrease of 0.1% in ordinary expenses to MAD 24.5 Bn and a 0.6% increase in CAPEX to MAD 12.3 Bn. Note that the subsidies expenses settled at MAD 2.5 Bn during the same period, down 4.8%.
| CONGO | GDP | The World Bank forecasts a growth rate of 3.7% in 2023
According to the latest forecasts of the World Bank (WB), the GDP growth rate of the Republic of Congo should stand at 3.7% in 2023 against 1.2% a year earlier.
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