Morning Brief May 17th 2024

FINANCIAL MARKETS HEADLINES

| MOROCCO | CRÉDIT DU MAROC | NIGS up 17% In Q1 2024

| MOROCCO | DISWAY | Consolidated revenue down 9% in Q1 2024
In Q1 2024, Disway's consolidated revenuestood at MAD 438 Mn compared to MAD 481 Mn in Q1 2023, recording a decrease of 8.8%.

ECONOMIC HEADLINES

| TUNISIA | GDP | A growth rate of 0.2% y-o-y in Q1 2024
In Q1 2024, Tunisia's GDP shows a growth rate of 0.6% compared to the previous quarter. Year-on-year, economic activity in Tuni-sia recorded a growth of 0.2%.

| TUNISIA | EMPLOYMENT | An unemployment rate of 16.2% in Q1 2024
In Q1 2024, the estimated number of unemployed amounted to 669,300 of the total active population. Thus, the unemployment rate fell to 16.2% at the end of March 2024 against 16.4% in Q4 2023.

 

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