Morning Brief may 17th, 2023

FINANCIAL MARKET HEADLINES
| MOROCCO | BCP | NIGS down 27% in Q1 2023

| MOROCCO | DELTA HOLDING | Consolidated revenue almost stable in Q1 2023
In Q1 2023, Delta Holding’s consolidated revenue amounted to MAD 600 Mn against MAD 598 Mn in Q1 2022, i.e. a slight increase of 0.3%.

ECONOMIC HEADLINES
| MOROCCO | FISHING | Sector’s revenue up 1% at the end of April 2023
According to the National Fisheries Office, landings of inshore and artisanal fishery products declined by 6% at the end of April 2023 to stand at 290,940 tons. Meanwhile, the sector's revenue settled at MAD 3,518 Mn during the same period rising by 1% year-on-year.

| TOGO | INFLATION | An inflation rate of 6.9% in April 2023
According to Togo’s National Institute of Statistics and Economic and Demographic Studies, the Harmonized Consumer Prices Index rose by 2.1% in April 2023 compared to the previous month. Year-on-year, the inflation rate reached 6.9%.

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