FINANCIAL MARKET HEADLINES
| MOROCCO | BANK OF AFRICA | Consolidated NBI up 8% in 2023
In Q4 2023, Bank of Africa's consolidated NBI recorded an increase of 1.7% to MAD 4,343 Bn. In this context, the Group's consolidated NBI rose by 8.4% in 2023 to MAD 16,942 Mn.
| MOROCCO | TAGA MOROCCO | NIGS down 20% in 2023, DPS stable at MAD 35
| MOROCCO | CFG BANK | NIGS up 278% in 2023, DPS set at MAD 3,3
| MOROCCO | ALLIANCES | Consolidated revenue up 26% in 2023
In 2023, Alliances' consolidated revenue recorded an increase of 26% to MAD 2,017 Mn. Likewise, the Group's pre-sales stood at 4,061 units, up 10% y-o-y.
| MOROCCO | MANAGEM | Consolidated revenue down 22% in 2023
In Q4 2023, Managem displayed a consolidated revenue of MAD 1,569 Mn, down 30.9% y-o-y. In 2023, the Group's consolidated revenue fell by 22.2% to MAD 7,508 Mn.
| MOROCCO | BANK OF AFRICA | Consolidated NBI up 8% in 2023
In Q4 2023, Bank of Africa's consolidated NBI recorded an increase of 1.7% to MAD 4,343 Bn. In this context, the Group's consolidated NBI rose by 8.4% in 2023 to MAD 16,942 Mn.
| MOROCCO | LESIEUR CRISTAL | Consolidated down 14% in 2023
In Q4 2023, Lesieur Cristal posted a consolidated revenue of MAD 1,385 Mn, down 16% y-o-y. In 2023, the Group's consolidated revenue fell by 14% to MAD 5,934 Mn.
| MOROCCO | WAFA ASSURANCE | Consolidated Revenue up 9% in 2023
In Q4 2023, Wafa Assurance's consolidated revenue fell by 3.5% to MAD 3,072 Mn. In 2023, this recorded an increase of 9.3% to MAD 12,724 Mn.
ECONOMIC HEADLINES
| TOGO | FOREIGN TRADE | Reduction in the trade deficit in Q4 2023
According to the National Institute of Statistics and Economic and Demographic Studies (INSEED), Togo's exports amounted to FCFA 256.4 Bn in Q4 2023, up 14.4% y-o-y. Meanwhile, imports fell by 7.0% to stand at FCFA 448.5 Bn during the same period. To this end, the trade balance shows a deficit of FCFA -192.1 Bn in Q4 2023 compared to FCFA -258.0 Bn a year earlier.
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