African Market Review 04 22 2021
- In Morocco, S2M has succeeded in boosting its international business by +40% compared to 2019;
- In Tunisia, TUNISAIR’s revenues fell by -70% in the first quarter to TND 77m;
- In Egypt, ZAYTOUN DEVELOPMENT announced the beginning of construction works at two real estate projects with a total investment exceeding EGP 1bn;
- Except for the Casablanca Stock Exchange, which recorded a dip of -0.16%, the rest of the covered African markets showed positive performances with the Nigerian Stock Exchange topping the list at +0.83%.
BMCE Capital Global Research is a subsidiary of BMCE Capital Group dedicated to Research and Financial Analysis. It is addressed to professional investors (financial institutions, management companies, etc.) to which it provides information and independent analysis aligned with international standards. BMCE Capital Research covers equities, interest rate, Forex and commodities markets in Morocco, Tunisia and WAEMU region (Bourse Régionale des Valeurs Mobilières, BRVM). Thanks to its latest generation technology platform, to its teams and to those of its partners, the Research Office of BMCE Capital is now able to cover simultaneously several places in Africa and to produce several publications co-branded under its umbrella brand African Securities Network, ASN.
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