Morning Brief november 28th, 2022

FINANCIAL MARKET HEADLINES

| MOROCCO | SMI | Revenue up 16% at the end of September 2022
In Q3 2022, SMI’s revenue amounted to MAD 136 Mn against MAD 183 Mn a year earlier, i.e. a decline of 25.7%. At the end of Sep-tember 2022, the Group's revenue reached MAD 555 Mn, up 15.9% year-on-year.

ECONOMIC HEADLINES

| MOROCCO | PORT TRAFFIC | A decrease of 2% at the end of October 2022
At the end of October 2022, traffic carried through the ports managed by the ANP reached an overall volume of 74.0 million tons, showing a decline of 1.9% compared to the same period of the previous year.

| CHAD | INFLATION | Consumer prices up 7.2% y-o-y in Septembre 2022
According to the National Institute of Statistics, Economic and Demographic Studies (INSEED) of Chad, the National Consumer Prices Index (INPC) fell by 0.7% in Septembre 2022 compared to the previous month. Year-on-year, the inflation rate stood at 7.2%.

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