Report

African Market Review 04 23 2021

  • In Morocco, publication of MAROC TELECOM’s Q1 2021 results, showing Revenues down -4.2% to MAD 8,914m;
  • In Tunisia, WIFAK BANK closed the first quarter of 2021 with a net banking product of TND 8.5m, recording a growth of +24% ;
  • In Egypt, EBRD, the OPEC FUND FOR INTERNATIONAL DEVELOPMENT, AfDB , the GREEN CLIMATE FUND (GCF), and the ARAB BANK signed a USD 114m financing package with ACWA POWER for the construction of the largest private solar plant in the country;
  • Overall positive performances recorded by most of the covered African markets, with the BRVM increasing by +0.61%, whereas the Nairobi Stock Exchange recorded the only drop (-0,12%).
Provider
BMCE Capital Global Research
BMCE Capital Global Research

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.

Analysts
Ghita BENIDER

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