Morning Brief February 2nd, 2024

ECONOMIC HEADLINES
| MOROCCO | SURVEY | The production capacity utilization rate stable at 76% in December 2023
The results of Bank Al-Maghrib's monthly economic survey show an improvement in production and sales during the month of December 2023. In this context, the production capacity utilization rate remained stable at 76%. Likewise, orders would have in-creased during the same period. Nevertheless, order books would have remained at a lower level than normal.

| MOROCCO | PVC| Provisional maintaining of the anti-dumping duty on imports from the United States
The Customs and Indirect Tax Administration announces the provisional maintaining of the anti-dumping duty applied to imports of PVC from the United States at a single rate of 5.5% ad valorem, applied to all exporters, pending the investigation result of the anti-dumping measure.

| CAMEROON | FUNDING | A loan of more than FCFA 130 Bn from AFREXIMBANK
The State of Cameroon and the African Export-Import Bank (AFREXIMBANK) have signed a loan agreement of FCFA 131.2 Bn (€ 200 Mn) over 5 years. These funds are intended to finance projects in the energy, infrastructure and hydrocarbons sectors.

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