Morning Brief - july 16th, 2021

FINANCIAL MARKET HEADLINES
| MOROCCO | MAROC LEASING | Net income up 103% in H1 2021

| TUNISIA-MOROCCO | ENNAKL AUTOMOBILES | Revenue almost doubled in H1 2021
In H1 2021, Ennakl Automobiles’ revenue almost doubled from TND 139.4 Mn to TND 274.2 Mn. Meanwhile, the gross margin fell
by 2.7 pts to 15.0%.

ECONOMIC HEADLINES
| BURKINA FASO | GDP | A growth rate of 14.7% y-o-y in Q1 2021
According to the National Institute of Statistics and Demography, the growth rate of Burkina Faso's economy fell by -2.8% in Q1 2021 compared to the previous quarter. On a year-on-year basis, the country’s GDP recorded a growth rate of +14.7% in Q1 2021.

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