Morning Brief november 21th, 2023

FINANCIAL MARKET HEADLINES
| MOROCCO | SMI | Revenue up 41% at the end of September 2023
In Q3 2023, SMI's revenue surged by 82.4% to MAD 248 Mn. In this context, the company's revenue recorded an increase of 40.5% at the end of September 2023 to MAD 780 Mn.

| MOROCCO | ALLIANCES | Consolidated revenue up 22% at the end of September 2023
At the end of Q3 2023, Alliances' consolidated revenue reached MAD 502 Mn, up 24% year-on-year. In this context, the Group's consolidated revenue shows an increase of 22% at the end of September 2023 to MAD 1,505 Mn. Likewise, presales amounted to 3,007 units at the end of September 2023, up 10%.

ECONOMIC HEADLINES
| SENEGAL | FOREIGN TRADE | Stability of trade deficit at the end of September 2023
According to the National Agency for Statistics and Demography (ANSD), Senegal's exports fell by 5.9% at the end of September 2023 to FCFA 2,501 Bn. Likewise, imports dropped by 3.0% to stand at FCFA 5,229 Bn. In this context, the trade deficit remains stable at FCFA -2,728 Bn during the same period.

| SENEGAL | FOREIGN TRADE | Stability of trade deficit at the end of September 2023
According to the National Agency for Statistics and Demography (ANSD), Senegal's exports fell by 5.9% at the end of September 2023 to FCFA 2,501 Bn. Likewise, imports dropped by 3.0% to stand at FCFA 5,229 Bn. In this context, the trade deficit remains stable at FCFA -2,728 Bn during the same period.

 

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