African Market Review 05 04 2021
- In Morocco, reinforcement of the SANLAM GROUP's participation in the capital of SAHAM ASSURANCE by increasing it from 61.7% to 84.5% following the acquisition of 22.8% of the SANAM GROUP's shares for a total amount of MAD 1.2bn (i.e. MAD 1,320 per share) ;
- In Tunisia, CEREALIS has published its individual and consolidated financial statements for the year 2020 that resulted in a net profit of about TND 3.5m, against 3.2m in 2019, recording a growth of 8% ;
- Egyptian real estate developer CATALYST DEVELOPMENTS plans to deliver five administrative and commercial projects in New Cairo during 2021 with investments worth EGP 4.5bn ;
- Strong positive daily performances were recorded in all of the covered African Markets during this first session of the week.
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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