Morning Brief November 14th 2024

FINANCIAL MARKETS HEADLINES

| MOROCCO | CFG BANK | Consolidated NBI up 36% at the end of September 2024
At the end of September 2024, CFG Bank's consolidated NBI stood at MAD 678 Mn, up 36% year-on-year. Furthermore, the conso-lidated Gross Operating Income rose by 50% during the same period to MAD 280 Mn.

| MOROCCO | TAQA MOROCCO | NIGS down 4% at the end of September 2024

ECONOMIC HEADLINES

| MOROCCO | TOURISM | Tourist arrivals up 19% by end of October 2024
According to the Ministry of Tourism, Handicrafts and Social and Solidarity Economy, tourist arrivals in Morocco reached 1.5 mil-lion tourists in October 2024, up 30% year-on-year. During the first 10 months of this year, they amounted to 14.6 million tourists, i.e. an increase of 19% compared to the same period of the previous year.

| BURKINA FASO | INFLATION | An inflation rate of 6.3% in October 2024
According to the National Institute of Statistics and Demography (INSD) of Burkina Faso, the Harmonized Consumer Prices Index increased by 0.1% in October 2024 compared to the previous month. On an annual basis, the inflation rate settled at 6.3%.

 

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