Morning Brief november 27th, 2023

FINANCIAL MARKET HEADLINES
| MOROCCO | ALUMINIUM DU MAROC | A profit of MAD 28 Mn at the end of September 2023

| MOROCCO | UNIMER | Consolidated revenue up 7% at the end of September 2023
In Q3 2023, Unimer's consolidated revenue showed an increase of 5% to MAD 379 Mn. At the end of September 2023, this record-ed an increase of 7% to MAD 1,001 Mn.

| MOROCCO | SANLAM MAROC | Admissibility of the Takeover bid by AMMC
AMMC examined the mandatory Takeover bid targeting Sanlam Maroc shares filed at the initiative of Sanlam Emerging Markets Proprietary Limited , Allianz Europe B.V, Sanlam Allianz Africa Proprietary Limited and Sanlam Pan Africa Maroc S.A on Septem-ber 8th 2023. AMMC declares admissible the proposed project at a unit price of MAD 1,320. In this context, trading resumption of Sanlam Maroc stock is scheduled on November 28th 2023.

ECONOMIC HEADLINES
| BURKINA FASO | GDP | A growth rate of 2.4% in Q2 2023
According to the National Institute of Statistics and Demography (INSD), the growth rate of the Burkinabe economy reached 2.4% in Q2 2023. This results from the increase observed in the primary sector (+ 6.2%) and tertiary sector (+4.9%) against a decline of -2.2% in the secondary sector.

Read More.