Morning Brief november 29th, 2022

FINANCIAL MARKET HEADLINES
| MOROCCO | BANK OF AFRICA | NIGS up 6% at the end of September 2022

| MOROCCO | EQDOM | NBI up 4% at the end of September 2022
During Q3 2022, Eqdom's NBI stood at MAD 135 Mn, recording a decrease of 3.6% compared to the same period of the previous year. At the end of September 2022, this shows an increase of 4.0% to MAD 441 Mn.

| MOROCCO | FENIE BROSSETTE | Consolidated revenue up 10% at the end of September 2022
In Q3 2022, Fenie Brossette's consolidated revenue increased by 22.3% to MAD 148 Mn. In this context, the Group’s consolidated revenue recorded an increase of 10.3% to MAD 430 Mn at the end of September 2022.

| MOROCCO | M2M GROUP | Consolidated revenue up 28% at the end of September 2022
In Q3 2022, M2M Group’s consolidated revenue amounted to MAD 13 Mn against MAD 5 Mn a year earlier, i.e. an increase of 160%. At the end of September 2022, the Group's consolidated revenue reached MAD 41 Mn, up 28.1% year-on-year.

ECONOMIC HEADLINES
| CÔTE D’IVOIRE | INVESTMENT | The agri-business captures 63% of investments at the end of October 2022
According to the Center for the Promotion of Investments in Côte d'Ivoire (CEPICI), the agri-business sector captured 63% of in-vestments in the country at the end of October 2022. This is followed by the plastics (10%) and wood (6%) sectors.

Read More.