Morning Brief of February 4th 2025

FINANCIAL MARKETS HEADLINES

| MOROCCO | AFRIQUIA GAZ | Consolidated net income up 62% in 2024, DPS raised to MAD 175

| MOROCCO | MAGHREB OXYGÈNE | Consolidated net income up 31% in 2024, DPS stable at MAD 4

ECONOMIC HEADLINES

| MOROCCO | CEMENT | National consumption up 14% in January 2025
In January 2025, cement sales amounted to 1,285,585 tons compared to 1,130,200 tons a year earlier, recording an increase of
13.8%.

| WAEMU | INFLATION | An inflation rate of 2.6% in December 2024
According to the Central Bank of West African States (BCEAO), the inflation rate in the WAEMU region settled at 2.6% in December
2024. This is mainly driven by the increase in the prices of “Food products and non-alcoholic beverages” (+1.6%).

 

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