Morning Brief of February 25th 2025

FINANCIAL MARKET HEADLINES

| MOROCCO | SOTHEMA | Consolidated revenue up 13% in 2024
In Q4 2024, Sothema's consolidated revenue amounted to MAD 777 Mn, up 10.4% year-on-year. In 2024, the company's consoli-dated revenue rose by 13.3% to MAD 2,816 Mn.

| MOROCCO | UNIMER | Consolidated revenue down 8% in 2024
In Q4 2024, Unimer's consolidated revenue stood at MAD 356 Mn, down 7.3% year-on-year. In 2024, the company's consolidated revenue fell by 7.5% to MAD 1,290 Mn.

ECONOMIC HEADLINES

| SENEGAL | RATING | Moody’s downgrades Senegal’s rating from “B1” to “B3”
As of February 21st 2025, the international rating agency Moody’s downgrades the long-term credit rating and the Senior unse-cured foreign currency rating of the Government of Senegal from “B1” to “B3” with a negative outlook.

 

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