Morning Brief - march 4th, 2021

FINANCIAL MARKET HEADLINES
| MOROCCO | ATTIJARIWAFA BANK | Press release
Attijariwafa bank closed the capital increase operation through the optional conversion of all or part of the distributed amounts into Attijariwafa bank shares. At the end of this subscription period, the total number of subscribed shares stood at 3,313,308 new shares out of a total of 3,650,909 offered shares, i.e. a conversion rate of 91%. Following this operation, the Attijariwafa bank par capital raised from MAD 2,098,596,790 to an amount of MAD 2,131,729,870.

ECONOMIC HEADLINES
| WAEMU | INFLATION | Prices up 1.9% y-o-y in January 2021
According to the Central Bank of West African States, the inflation rate in WAEMU member countries stood at 1.9% in January 2021, year-on-year. This mainly results from the increase in the prices of “Food and non-alcoholic drinks” (+1.5%), “Textile” (+0.1%), as well as “Health” services (+0.1%).

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