Morning Brief may 24th, 2023

FINANCIAL MARKET HEADLINES
| MOROCCO | ATTIJARIWAFA BANK | NIGS up 15% in Q1 2023

| MOROCCO | CARTIER SAADA | Annual revenue for the FY 2022-2023 up 4%
During the 4th quarter from 01/01/2023 to 03/31/2023, Cartier Saada's revenue recorded a decline of 10.6% to MAD 64.5 Mn. Mean-while, the annual revenue from 04/01/2022 to 03/31/2023 stood at MAD 244.9 Mn, i.e. an increase of 4.1% year-on-year.

ECONOMIC HEADLINES
| SENEGAL | FOREIGN TRADE | Widening of the trade deficit in Q1 2023
According to the National Agency for Statistics and Demography (ANSD), Senegal’s exports amounted to FCFA 958 Bn in Q1 2023, up 14.1% compared to the same period of the previous year. Likewise, imports increased by 11.5% to settle at FCFA 1,715 Bn. In this context, the trade deficit stands at FCFA -757 Bn in Q1 2023 against FCFA -699 Bn a year earlier.

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