FINANCIAL MARKET HEADLINES
| MOROCCO | MAROC TELECOM | Recurring NIGS up 2% in H1 2023

ECONOMIC HEADLINES
| SENEGAL | INFLATION | An inflation rate of 7.5% in June 2023

According to the National Agency for Statistics and Demography (ANSD), Senegal's Harmonized Consumer Prices Index rose by
1.1% in June 2023 compared to the previous month. Year-on-year, the inflation rate stands at 7.5%.

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