African Market Review 04 30 2021
In Morocco, COSUMAR is holding an OGM scheduled on June 3rd 2021, having to rule in particular on the detachment of a DPA of MAD 6 (against MAD 7 one year earlier);
In Tunisia, UADH posted a 65% drop in revenues to TND 17.6m for the first quarter, compared to TND 50.1m for the same quarter in 2020;
In West Africa, the WORLD BANK has approved the release of USD 100m (XOF 54.3bn) support for Cameroon;
Leading the top performances for the 3rd time in a row, the Nairobi Stock Exchange posted a +0.68% rise while the Tunis Stock Exchange closed on a similar performance.
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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