Morning Brief march 20th, 2023

FINANCIAL MARKET HEADLINES
| MOROCCO | MAGHREBAIL | Net income up 20% in 2022, DPS stable at MAD 50

| MOROCCO | TOTALENERGIES MARKETING MAROC | Consolidated net income down 48% in 2022

| MOROCCO | SONASID | NIGS down 20% in 2022, DPS lowered to MAD 30

| MOROCCO | MAGHREBAIL | Net income up 20% in 2022, DPS stable at MAD 50

| MOROCCO | OULMÈS | NIGS up 49% in 2022, DPS raised to MAD 16.5

| MOROCCO | LABEL VIE | Issuance of a bond loan by private placement for an amount of MAD 1 Bn
Label Vie carried out an ordinary bond issue by private placement for an amount of MAD 1 Bn. The transaction was structured as follows:
- Tranche A at an adjustable rate repayable in fine at the end of a period of 5 years;
- Tranche B at a fixed rate repayable in fine at the end of a period of 5 years;
- Tranche C at an adjustable rate repayable by linear annual amortization over a period of 7 years.

ECONOMIC HEADLINES
| BENIN | INFLATION | Consumer prices up 6.7% in February 2023
According to the National Institute of Statistics and Demography (INSTAD), Benin's Harmonized Consumer Prices Index remained stable in February 2023 compared to the previous month. Year-on-year, the inflation rate stands at 6.7%

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